TRON’s USDT supply has surpassed $70 billion, making it the leading platform for stablecoin transfers ahead of Ethereum and Solana, with strong growth in emerging markets and over 2.6 million daily active users.
TRX is showing bullish potential, with analysts eyeing a breakout above $0.30 that could retest December 2024 highs; technicals suggest the uptrend remains intact despite recent sideways movement.
Canary Capital has filed for the first-ever spot TRX ETF in the U.S., including staking rewards (around 4.6%), which—if approved—could drive major institutional inflows into TRON.
TRON’s having a moment. Again.
Earlier today, the TRON DAO dropped a milestone update: over $70 billion in USDT is now circulating on the network. Yep, seventy with a B. That puts TRON well ahead of Ethereum and Solana when it comes to stablecoin traffic—at least for now.
Add to that a possible TRX breakout in May, whispers of a new all-time high, and (wait for it) a spot TRX ETF filing by Canary Capital? Let’s just say, things are getting… interesting.
TRX: Still Standing, Still Scaling
TRX isn’t exactly mooning at the moment—it’s been kinda sideways lately. But the bulls? They’re sniffing around. If TRX can crack above $0.30, that could open the gates for a return to the December 2024 highs (it tapped $0.45 back then, remember?).
It’s still way below its all-time high, sure. Like, more than 50% down. But technically? The uptrend hasn’t broken. Not yet. And with momentum building, some analysts are starting to circle back, calling TRX one of the best cryptos to watch—or even buy—heading into mid-2025.
Especially if meme coins pop off again (they always do eventually).
Why TRON? Simple—It Works
TRON might not have the hype machine Ethereum does, but it’s fast, cheap, and pretty rock-solid when it comes to handling volume. Especially in emerging markets, where people are skipping the banks altogether and going straight to stablecoins for savings and transfers.
And TRON? It’s become USDT’s favorite playground.
Justin Sun, TRON’s founder, gave credit to the broader crypto ecosystem for the network’s explosive growth:
“This progress isn’t just ours—it’s from everyone in crypto working toward a more inclusive, scalable future. But yeah, we’re proud of how far we’ve come.”
That growth isn’t just hot air either:
Over 2.6 million daily active addresses
302+ million accounts total
Nearly $5B in assets locked across TRON DeFi (thanks, DeFiLlama)
$760.2M in quarterly revenue (+2.7%, per Messari)
And don’t forget—USDT supply on TRON grew 14% between Jan and March 2025. That’s wild.
The TRX ETF Bombshell
Here’s the kicker.Canary Capital filed for a spot TRX ETF with the SEC. It’s official—they submitted an S-1 prospectus, which is the first real step toward getting it launched.
And unlike the proposed spot Ethereum ETF, this one comes with staking. That means investors could potentially earn 4.6% in passive income. Just for holding.
If that gets approved? You better believe institutional money will follow. And with it—probably, maybe—a major price push for TRX.
