TRX Shows Signs of Rebound as USDT Supply on Tron Hits $80B

With changes in momentum across the crypto market, TRON has achieved a significant milestone. The total amount of Tether (USDT) issued on the TRON network has now exceeded $80 billion, establishing it as the leading platform for USDT issuance. This achievement comes amid a potential recovery in TRX, the network’s native token, which is showing technical signals of strength despite reduced overall market volume.

TRON Becomes Leading Platform for USDT Transfers

As of mid-June, TRON officially surpassed $80 billion in circulating USDT, according to CryptoQuant contributor Maartunn. That’s a staggering figure when you consider that just four years ago, the total was under $7 billion. Even more telling, this growth has remained steady, surviving both bull and bear cycles without much pause.

November 2024 marked a turning point as TRON surpassed Ethereum in USDT supply, highlighting its growing influence in the stablecoin market. Although Ethereum remained the leader in DeFi TVL, TRON’s low fees and faster transaction speeds provided a strong alternative. These advantages were especially appealing to users in emerging markets and high-volume settings like exchanges.

By mid-2025, TRON’s USDT holdings surged from $59.76 billion to over $80.76 billion. Despite a drop in TVL from $7.5 billion to $4.3 billion, according to DefiLlama, TRON’s role as a transactional layer keeps expanding. Users are clearly prioritizing speed and cost over DeFi participation.

Activity Increases Despite Declining TVL

While TRON’s USDT metrics are setting new highs, TRX's spot trading data shows more tempered movement. Over the past week, TRX has traded between $0.2605 and $0.2791, currently sitting around $0.2725. That’s a 2% gain over 24 hours, but still far from its December 2024 high of $0.4313.

What’s curious is the divergence between rising DEX volumes and falling TVL. Monthly trading volume on TRON-based decentralized exchanges rose from $4.9 billion in April to $5.5 billion in May. That jump could be interpreted as a shift toward more active participation in liquid markets, even as capital gets pulled from protocols.

One possibility is that users are moving their funds more instead of locking them up for yield. This could show they’re being careful because of market uncertainty. This isn’t just happening on TRON; it’s also happening on other blockchains as traders react to things like changing interest rates and risk.

This kind of behavior doesn’t necessarily signal weakness. On the contrary, it can indicate that a network is becoming more nimble, catering to a base that wants optionality, not long-term lockups.

Technical Indicators Signal Potential Strength

TRX is in a consolidation phase, staying near important support as traders wait for a decisive move. Its price is slightly below the 20-day SMA, often seen as a trader’s psychological benchmark. However, TRX remains above the 10, 30, 50, and 100-day EMAs, suggesting a generally positive outlook.

The Bollinger Bands are narrowing slightly, indicating that volatility is decreasing, a pattern that often comes before a sharp price move. TRX is currently near the midline, a neutral zone that frequently precedes a directional breakout.

RSI remains around the neutral 50 mark, signaling equilibrium between buying and selling forces. Momentum and bull/bear power indicators exhibit a subtle bullish inclination. Conversely, the MACD continues to trade in mildly bearish territory, reflecting ongoing indecision in the market.

TRX breaking above the 20-day SMA and pushing past $0.28 resistance with strong volume could see it targeting $0.30 or even $0.32. Conversely, dropping below $0.265 may trigger a decline toward the lower Bollinger Band close to $0.262.

What Does It Mean for TRX?

TRON’s milestone of surpassing $80 billion in USDT supply highlights its expanding role in the stablecoin landscape. Despite a decline in total value locked, the network continues to attract users seeking efficient, low-cost transactions, particularly in high-volume and emerging markets.

Meanwhile, TRX’s price action suggests a cautious but potentially positive shift. Technical indicators point to a consolidation phase that could set the stage for renewed momentum, reflecting a market poised between uncertainty and opportunity.