Tron Dominates Stablecoin Activity as $2 Billion Floods In and Fees Surge

Stablecoins are flooding the Tron network, with massive inflows pushing the blockchain ahead in both usage and fees, according to data from Lookonchain and Nansen.

Over the past week alone, the combined value of USDT and USDC on Tron jumped by more than $2 billion.

A significant chunk came from a single-day minting of $1 billion USDT by Tether, which has now issued $71.7 billion worth of the stablecoin on Tron—up $12 billion since late January.

This surge isn’t new. The previous two weeks also saw large inflows, with $623 million added before April 21 and another $1.52 billion the week prior.

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Meanwhile, Tron is outpacing other chains in transaction fee generation, bringing in $11.7 million over the past seven days.

That puts it ahead of both Solana, which earned $8.75 million, and Ethereum, which pulled in $4.75 million, according to Nansen. While Tron currently dominates, Solana is closing the gap.

Alexander Stefanov