Tron overtook Solana to take the top spot among Layer 1 networks and surpass 4 million daily active users in what might be the least glamorous way: moving stablecoins.
While Solana grabbed headlines with meme coins and NFT culture, Tron is doing something decidedly less exciting, but perhaps more significant. it is now the default infrastructure $USDT Especially in emerging markets, cheap and fast cross-border payments are more than a nice-to-have, they are a necessity.
The numbers behind Tron’s quiet acquisition
According to Artemis’ analysis, Tron recorded approximately 4.35 million active addresses in a recent 24-hour snapshot. During the same period, nearly 13 million transactions were processed on the network.
The lifetime numbers are even more surprising. Tron has accumulated over 383 million total accounts and processed 14.1 billion transactions since its mainnet launch in 2018.
But the real story is stablecoins. Total supply $USDT As of May 2025, Tron’s total value exceeds $75 billion, accounting for more than half of the world’s total. $USDT supply.
every day $USDT Tron’s average transfer volume is close to $20 billion. Over 1 million unique accounts participating $USDT daily transactions.
The network’s user engagement has been surprisingly stable, with the number of active addresses consistently hovering between 3.8 million and 4.35 million. This is not a spike caused by token launches or airdrop farming. It’s a sustainable, natural use driven by the people who actually move the money.
Why stablecoins and why Tron?
Tron’s dominance in stablecoin transfers is no coincidence. The network has significantly lower transaction fees compared to Ethereum, which previously charged users anywhere from a few dollars to exorbitant amounts during busy times. For someone sending $200 from Dubai to Manila, paying $15 for gas is not just an inconvenience. That’s a deal breaker.
What this means for investors
Tron’s milestone forces a reassessment of how the market values Layer 1 networks. While Solana has a very high market capitalization and cultural prestige, Tron currently matches or exceeds Solana in perhaps the most important metric: how many people actually use Solana every day.
For TRX holders, the stablecoin theory is compelling, but there are caveats. Tron’s revenue model is $USDT transfer. More users moving more stablecoins means more fees are burned or distributed.
But concentration risk is just as real. When your entire value proposition relies on one stablecoin issuer, Tether, continuing to mint on-chain, one strategic decision can avoid disruption.
There’s also the Justin Sun factor. The Tron founder remains one of the most polarizing figures in the crypto world, and regulatory scrutiny of him and Tether has not completely disappeared.
