- Over 70% of USDT transactions on Tron are now P2P, with daily off-exchange transfers hitting $15 billion.
- Whale activity in TRX has spiked, moving over 1.3 billion tokens, boosting trading volumes by 35%.
- With technical strength and fresh upgrades like MoonPay integration, TRX could break $0.33 soon and aim higher.
The connection between Tron (TRX) and the USDT stablecoin just keeps getting tighter. Tron’s blockchain has now cemented itself as the leading network for USDT transactions, leaving other blockchains struggling to catch up. It’s not just about holding stablecoins anymore—users are actively moving USDT on Tron, which proves its dominance as a payment rail in the crypto world.
USDT Activity Shifting Away from Centralized Exchanges
Data from CryptoQuant shows that over 70% of all USDT transfers on Tron are now wallet-to-wallet, meaning peer-to-peer transactions are the main driver here rather than centralized exchanges (CEXs) or even DeFi protocols. Daily P2P transactions on Tron have tripled since 2023—an impressive surge that shows how quickly users are moving toward direct settlements.
The share of USDT supply on centralized exchanges dropped 13% after its 46% rally earlier in 2023. Yet, CEX volumes are still pretty high, with around $11 billion in USDT sitting on these platforms. Right now, CEXs account for about 40% of total USDT flows on Tron, but the real story is off-exchange activity. USDT transfers outside of exchanges are hitting $15 billion per day, compared to $10 billion on CEXs. That’s a huge jump from roughly $5 billion per day at the start of 2023.
Overall, more than $70 billion in USDT transactions have occurred off-exchange this year, up from just $26 billion at the beginning of 2023. This shift highlights the stablecoin’s increasing use for payments, remittances, and lending—real-world use cases, not just speculation.
TRX Whales Are Back in Action
As USDT movement explodes on Tron, whale activity in TRX is also picking up speed. IntoTheBlock data shows that whales moved around 1.36 billion TRX—worth about $13.5 million at current prices—just recently. Large-scale moves like this often hint at big price shifts ahead, whether it’s accumulation or distribution.
TRX’s price is up slightly by 0.95% over the past day, but it’s still down about 2.31% on the weekly chart. Daily trading volume, however, surged 35% to $1.9 billion, fueled by the whale activity. If this momentum continues, retail traders could follow suit, adding fuel to a potential rally.
Is a TRON Rally on the Horizon?
Market watchers think a TRX rebound may be close. Technical charts show that if TRX breaks its $0.312 resistance, it could push toward $0.33. The Relative Strength Index (RSI) is currently at 55—comfortably below overbought levels—leaving room for further upward movement.
The Tron ecosystem is also getting upgrades that make it more appealing. The recent integration of MoonPay into Tron means users can buy or manage TRX and USDT without needing third-party platforms, which cuts down costs and speeds up transactions. Adding to the hype, Tron is reportedly heading for a public listing in the U.S. via a reverse merger with Nasdaq-listed SRM Entertainment. Following this news, TRX jumped 3% almost instantly.
On-chain stats show that over 94% of TRX holders are in profit, signaling strong investor confidence. If the current momentum holds, Tron could be on track to reclaim new highs in the coming weeks.
