The Tron blockchain reached a new high in transaction activity: in May 2025 its native token TRX recorded a record monthly transfer volume of 490.3 billion tokens.
At the current market price of $0.247 per token, that equates to roughly $121.2 billion, representing a 34% increase from April and a 990% rise compared with the same month last year.
This explosive growth highlights Tron’s expanding role in global payments, particularly in stablecoin transactions.
Beyond raw transaction figures, Tron has overtaken Cardano to become the world’s ninth-largest cryptocurrency by market capitalization.
At the time of writing, TRX’s market cap stands at $25.6 billion, surpassing Cardano’s $24.1 billion.
Tron’s growing dominance has renewed attention on its role in stablecoin flows, outpacing Ethereum and other Layer 1 and Layer 2 chains in Tether usage across various regions.
Tron leads global stablecoin flows, surpassing Ethereum
A significant portion of the rising transfer volume is tied to Tron’s strength in settling stablecoin payments, especially Tether (USDT).
Industry reports show that since mid‑2022 Tron has consistently outperformed Ethereum as the preferred network for moving Tether.
That trend has continued into 2025, with Tron now dominating stablecoin transaction volumes across many continents, including Latin America, Africa, Asia, North America, and Europe.
Data published by Artemis indicates Tron remains the most-used blockchain for customer flow settlement by value, followed by Ethereum, Polygon, and Binance Smart Chain.
Low transaction fees and steady throughput position Tron as the blockchain of choice for large-scale stablecoin movement, particularly in emerging markets where cost efficiency is critical.
May volume rose 34% from April and nearly tenfold year‑over‑year
In April 2025 total TRX transfer volume was 362.92 billion, making May’s figure a 34% jump from the previous month.
Year‑over‑year gains are even more striking: volume increased from just 45 billion TRX in May 2024 to 490.3 billion this year — almost ten times higher.
That growth has been driven by broader user adoption and expanded integration with major decentralized applications and payment systems.
The network’s architecture continues to support reliable throughput for micropayments and remittance services, especially those requiring stablecoin functionality.
Analysts expect a breakout as price holds near $0.26
TRX has gained not only in on‑chain metrics but also in market performance. Recent data show the token rose 8.8% over the past month. Over the last 24 hours TRX slipped about 0.26% and is trading near $0.26.
Technical analysts monitoring charts have identified a monthly ascending triangle pattern — a formation that historically signals potential breakouts.
From current levels, TRX would need to gain roughly 270.3% to reach the $1 mark.
While that outcome is not guaranteed, rising network activity and broader adoption support the possibility of continued upward movement in the short to medium term.