TRX Shows Promise as Tron’s USDT Supply surpasses $80 Billion
TRX, the native token of the Tron network, is making waves in the stablecoin world. As of June 24, the total circulating supply of Tether (USDT) on Tron has hit a new high of over $80 billion.
This achievement makes Tron the leading network for USDT issuance. Since late 2020, the USDT supply on Tron has surged from under $7 billion to over $80 billion. This growth positions Tron as the top network for USDT issuance.
Tron surpassed Ethereum in USDT supply in November 2024 and has continued its upward trend. From $59.76 billion at the start of 2025 to over $80.76 billion by mid-June, the growth is significant. However, the network’s total value locked has dropped from $7.5 billion in January to $4.3 billion, according to DefiLlama data.
Despite this, decentralized exchange volumes on Tron are on the rise. Monthly trading volume increased from $4.9 billion in April to $5.5 billion in may, indicating renewed activity. TRX is currently trading at $0.2729, up 2.2% in the past 24 hours. The token is still 36% below its December 2024 peak of $0.4313. Daily spot trading volume has cooled to $939 million, down 29%.
From a technical standpoint, TRX is consolidating near key support levels. It’s moving sideways just below the 20-day simple moving average but remains above important EMAs. The Bollinger Bands show reduced volatility, and the relative strength index is neutral. If TRX breaks above $0.28, a bullish breakout could occur, targeting the $0.30–$0.32 range. If it fails to hold above $0.265, it may face losses toward $0.262. Key indicators like the MACD are slightly bearish, but others signal potential buying opportunities. A breakout above $0.28 could lead to a retest of the $0.30–$0.32 range. If it holds above $0.265, it may avoid further losses. This suggests underlying strength despite the range-bound price.
- TRX price is near the 20-day SMA.
- Technical indicators show mixed signals, with some pointing to a bullish trend.
- spot trading activity has cooled, but decentralized exchange volumes are up.
TRX’s performance hints at a possible recovery, with the network’s potential.
