TRON network secures $9.7 billion of stablecoin market cap, climbs to second place among blockchains

TRONDAO added approximately $9.7 billion in stablecoin market capitalization over the past year, positioning the TRON blockchain as the second‑largest platform for stablecoin volume after Ethereum. The surge is driven primarily by USDT transactions, which benefit from TRON’s ultra‑low transaction fees—costing only fractions of a cent—and fast settlement times. These advantages have attracted both institutional and retail users, especially in markets where Ethereum’s fees have become prohibitive.

On‑chain analytics from DefiLlama and CoinMarketCap confirm that TRON now handles the highest stablecoin transaction volume outside of Ethereum, bolstering its role as a hub for cross‑border digital‑dollar payments and exchange bridges. Regulators are monitoring the concentration of stablecoin activity on a single layer‑1 chain, highlighting the growing competition among blockchains for liquidity and utility.

TRONDAO’s next steps include expanding partnerships with compliant stablecoin issuers and supporting broader DeFi applications, aiming to diversify use cases beyond basic settlement.