Tron’s Stablecoin Volume Crushes XRP Activity: A 10x Dominance Shift

Forget the old guard—a new payments powerhouse just flexed its muscles. Fresh data reveals a staggering reality: the volume of stablecoins transacting on the Tron network now dwarfs the entire on-chain activity of XRP by more than ten times.

The Numbers Don't Lie

This isn't a marginal lead; it's a decimation. While one network facilitates a flood of dollar-pegged digital cash for everyday transfers and trades, the other's native token activity looks like a quiet backwater by comparison. The scale is definitive and speaks to where real, utilitarian volume is migrating.

What This Volume Actually Means

High stablecoin throughput signals one thing above all: adoption for actual use. It's about remittances, cross-border commerce, and traders moving in and out of positions without touching traditional banking rails—the boring, essential plumbing of finance that crypto promised to rebuild. Tron's ecosystem appears to be capturing that gritty, real-world utility at a pace that leaves others in the dust.

A Quiet Reordering of the Market

The narrative around 'crypto for payments' is getting a silent rewrite. It's less about speculative asset transfers and increasingly about the stable, predictable movement of value. This data suggests a significant portion of the market is voting with its transactions, choosing the efficiency and low cost of one network over the legacy stature of another. It's a pragmatic shift that bypasses brand loyalty altogether.

The bottom line? In the race to be the world's transactional layer, utility is trumping pedigree. While some assets rest on their regulatory laurels and community hype, others are just moving the money—proving that in finance, sometimes the most bullish signal is a brutally efficient, cynically practical one.

Tron Stablecoin Volume Is Significantly Higher Than XRP Activity

In a new post on X, Glassnode lead research analyst CryptoVizArt.₿ has discussed how stablecoin settlement on the Tron network compares against the transaction activity of XRP. Stablecoins are digital assets that have their value pegged to a fiat currency. The vast majority of this space is currently dominated by two tokens tied to the US dollar: USDT and USDC.

These cryptocurrencies are available on several blockchains, with a major one being Tron. Below is the chart shared by CryptoVizArt.₿ that shows the trend in the 90-day simple moving average (SMA) of the combined transfer volume of USDT and USDC on the network over the last few years.

As displayed in the graph, USDT and USDC have seen their tron volume follow a rapid uptrend during the last year, suggesting that users have increasingly been using the network for stablecoin settlements.

The 90-day SMA value of the metric is currently sitting at $24.2 billion. In the same chart, the analyst has also attached the data for the transfer volume of the XRP blockchain and from its graph, it’s apparent that the network’s transaction activity pales in comparison to the stablecoin settlement that occurs on Tron.

More specifically, XRP observes just $2.2 billion in transfers every day, a tenth of the Tron stablecoin transactions. “This reinforces Tron’s role as a core settlement LAYER for stablecoin liquidity,” noted CryptoVizArt.₿.

Glassnode’s official X handle has also made a post about how stablecoins compare against the major cryptocurrencies in terms of the metric.

As is apparent in the above chart, USDC is currently the most dominant asset in transaction activity out of the major assets with a volume of $124 billion. Bitcoin is second at $81 billion, while USDT is third at $68 billion.

Among the rest, Solana and ethereum both beat XRP to the fourth and fifth spots with transaction volumes of $9.6 billion and $7.9 billion, respectively. BNB is just behind XRP at $1.6 billion.

The top two stablecoins combined are pulling $192 billion in transaction activity every day, which is almost twice the transfer volume that the top five non-stablecoin cryptocurrencies are witnessing. “Stablecoins have become the primary liquidity rails, while native asset transfers remain comparatively subdued,” said Glassnode.

XRP Price

At the time of writing, XRP is trading around $1.93, down nearly 2% over the last week.