Tron Surpasses 334.59M Accounts as Daily Volume Hits $22.55B

Key Insights:

• Tron has crossed 334.59 million accounts, with 2.36M daily USDT transfers totaling $22.55B.

• Tron outpaces Ethereum in stablecoin activity, processing 6x more USDT transfers by volume and count.

• On-chain data shows Tron leads with $24B transferred daily, while Ethereum trails at $20B.

• TRX price is holding at $0.338 with mild downside pressure; RSI near 47.75 signals neutral momentum.

Tron’s steady march toward stablecoin dominance has reached a new milestone. The network has officially overtaken Ethereum in USDT transfer count and value, becoming the go-to chain for stablecoin settlements globally.

According to on-chain data from TronScan, the Tron network has recorded over 334.59 million accounts since launching in 2017, a feat achieved in just eight years. 

Tron total number of accounts | Source: TronScan

More importantly, it currently handles an average of 2.36 million USDT transfers daily, handling $22.55 billion in USDT transfer volume per day.

This positions Tron as the most active blockchain network for stablecoin movement, especially for Tether (USDT), which remains the largest and most liquid stablecoin in the crypto market.

Further confirming Tron’s dominance, a recent analysis by a CryptoQuant researcher comparing USDT transfer metrics between Ethereum and Tron shows a clear lead for the latter. 

On average, Tron processes over 6x the number of USDT transactions that Ethereum does daily: about 2.6 million on Tron vs. roughly 400,000 on Ethereum.

In terms of transfer value, Tron also comes out on top, with $24 billion moved daily, compared to Ethereum’s $20 billion, based on a 7-day moving average.

The growing divergence between the two blockchains can be attributed to Tron’s lower transaction fees and faster processing speeds, which continue to attract stablecoin users, fintech applications, and cross-border payment platforms.

While Ethereum remains the dominant chain for DeFi and NFT use cases, its network congestion and higher gas fees have made it less ideal for high-frequency stablecoin transfers.

Meanwhile, an upcoming Fusaka upgrade could set changes in motion for Ethereum as it gears towards a more efficient blockchain.

TRON Price Prediction: Will TRX Break Out Above $0.36?

Tron price chart | Source: Tradingview 

The Tron price is currently trading at $0.3380 after a 1.64% dip on the 7D chart, with price action showing signs of consolidation after a recent downtrend. The token has faced resistance near the $0.36 level and appears to be struggling to reclaim upward momentum. 

The RSI is currently at 47.75, hovering just below the neutral 50 mark, suggesting indecision and lack of strong momentum in either direction. 

This reflects a balanced sentiment between buyers and sellers, with no clear trend dominance. A sustained move above 50 could indicate growing bullish momentum, while a drop below 45 may hint at renewed downside pressure.

Meanwhile, the MACD indicator is slightly bearish but flat, with the MACD line at -0.0009 just below the signal line at -0.0001. The histogram is showing signs of contraction, which may indicate that bearish momentum is fading and a possible crossover could be imminent if price stabilizes or climbs.

Taken together, the indicators suggest TRX is in a period of consolidation, with momentum indicators lacking strength in either direction. 

A breakout above $0.36 would confirm bullish intent, while a drop below $0.32 could trigger further declines. Until then, TRX remains range-bound with a neutral bias.