TRON’s USDT dominance – Here’s what that means for TRX’s price

TRX recorded gains of over 26.17% in the last 30 days
TRON’s USDT weekly volume surpassed 150 billion – A sign of strong adoption

TRON, at the time of writing, was valued at $0.1986 with a market capitalization surpassing $17 billion. In the last 7 days alone, the altcoin surged by 12.13% on the charts – An indication of strong investor confidence and bullish market sentiment.

That’s not all though. Outside of the price front, TRON’s network noted a remarkable rise in USDT (Tether) transaction volumes since 2019, with a sharp uptick in recent months.

Source: Dune

In fact, weekly USDT volumes have now surpassed 150 billion – Underscoring TRON’s growing adoption as a preferred platform for stablecoin transactions.

TRON’s dominance can be further amplified by USDT’s position as the market’s leading stablecoin, representing approximately 70% of the total stablecoin market cap. Figures for the same stood at $184.02 billion, at press time.

The aforementioned hike has been driven by TRON’s efficient transaction processing, low fees, and ability to facilitate high-volume transfers. These factors have made it an attractive option for users seeking affordability and speed.

With TRON contributing $61.7 billion of USDT’s market cap through massive transaction activity, it has cemented itself as a critical enabler in the stablecoin ecosystem.

Despite USDC being favored by regulators, USDT has outpaced competitors with a 7.64% rise in market cap, a 31.55% hike in monthly transfer volume ($1.95 trillion), and a 7.99% uptick in active addresses (22.09 million) over the last 30 days.