Tron (TRX) and Ethereum Battle for USDT Dominance Amid Bitcoin’s Surge Beyond $100,000

The competition between Tron and Ethereum for USDT dominance has shown intriguing parallels with Bitcoin's market cycles. From 2019 to 2023, Tron's USDT supply ratio skyrocketed from 0.3 to over 1.0, largely due to its lower transaction fees. This shift was particularly notable during Bitcoin's 2021 peak at $64,000, when Tron first overtook Ethereum in USDT dominance. However, recent data indicates a decline in Tron's ratio as Bitcoin surpasses the $100,000 mark, suggesting a potential shift in investor preference towards Ethereum's security and robustness. This dynamic highlights the evolving landscape of stablecoin distribution and its correlation with broader cryptocurrency market trends.

USDT Distribution Between Tron and Ethereum Mirrors Bitcoin Price Cycles

The rivalry between Tron and ethereum for USDT dominance reveals striking correlations with Bitcoin's market cycles. Tron's USDT supply ratio surged from 0.3 in 2019 to over 1.0 by 2022-2023, fueled by lower transaction fees. Notably, Tron first overtook Ethereum during Bitcoin's 2021 peak at $64,000.

Recent data shows the ratio declining as Bitcoin surpasses $100,000, suggesting investors prioritize Ethereum's security during bull markets despite higher costs. Ethereum's entrenched DeFi infrastructure solidifies its role as a stability anchor during volatility.

Tron's USDT supply exploded from $60 billion to $80 billion by 2025, with expansion peaks aligning precisely with Bitcoin's all-time highs. This synchronization underscores how stablecoin growth reflects broader crypto market sentiment.

Tron Surpasses Ethereum in Monthly Average Fees Amid Crypto Market Revival

The TRON network has emerged as a standout performer in the blockchain space, with its monthly average transaction fees now eclipsing those of Ethereum. Data reveals Tron's fees have climbed to $1.29, matching Bitcoin's levels and signaling a shift in network activity dynamics.

This surge is attributed to heightened on-chain engagement, particularly in decentralized applications for gaming, stablecoin transactions, and DeFi participation. Market analyst Darkfost notes the fee parity with bitcoin underscores Tron's growing revenue generation capacity, now outpacing Ethereum's fee structure.

The development marks a significant evolution for Tron, previously regarded as a low-cost alternative. Its current fee trajectory reflects both increased utility and the broader bullish sentiment permeating cryptocurrency markets.

TRON’s Record-Breaking Performance in H1 2025 Highlighted in Cointelegraph and CryptoQuant Research Reports

Leading crypto media research arm Cointelegraph and analytics platform CryptoQuant have spotlighted TRON's dominance in stablecoin transfers and DeFi growth during the first half of 2025. The network's 40% year-to-date surge in stablecoin supply now captures over 51% of all circulating USDT.

Technical advancements including the GreatVoyage-v4.8.0 upgrade and gas-free USDT transfers have strengthened TRON's infrastructure. Strategic ecosystem integrations continue to drive adoption, with the fully decentralized USDD 2.0 stablecoin upgrade marking a key milestone in protocol evolution.