The relationship between the TRON network and the USDT stablecoin continues to grow, with TRON solidifying its position as the leading blockchain platform for USDT transfers. Recent data reveals a significant shift in how users are interacting with the stablecoin on the network.
According to a report from CryptoQuant, over 70% of all USDT transfers on TRON are now wallet-to-wallet, suggesting a substantial increase in direct Peer-to-Peer (P2P) transactions. This trend has seen daily P2P USDT transactions on TRON increase three-fold since the beginning of 2023.
The shift away from Centralized Exchanges (CEXs) is clear, with the supply of USDT on exchanges dropping about 13% from its 2023 peak. This indicates that a growing number of users are moving their USDT into private wallets for purposes beyond traditional trading, such as payments, remittances, and DeFi applications. While CEXs still account for roughly 40% of the total USDT value flowing on TRON, daily transactions outside of exchanges have surged to an impressive $15 billion, a substantial jump from the $5 billion recorded daily at the start of 2023.
As USDT activity accelerates, large investors, or "whales," are also becoming increasingly active on the TRON network. IntoTheBlock data shows that whale activity recently pushed the transaction volume to 1.36 billion TRX, valued at approximately $13.5 million. This high level of activity suggests that these large players may be positioning themselves for a significant price movement in the near future.
Despite a slight daily price increase, the TRX token is still down on the weekly charts, but the increased daily trading volume and whale activity are seen as potential signs of an imminent rebound. The Relative Strength Index (RSI) is currently at 55, indicating that there is still room for the price to grow before becoming overbought.
The TRON ecosystem is seeing a series of developments that could provide the catalyst for a rally. The recent integration of the MoonPay wallet allows users to manage TRX and USDT without the need for external platforms, streamlining transactions and reducing costs.
Furthermore, there are reports that TRON is planning to go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment. The announcement of this potential move led to an immediate 3% increase in the TRX token's price, and if it materializes, it could drive the token to new highs.
Finally, recent on-chain data indicates that over 94% of TRON coin holders are currently in profit, reflecting strong market momentum and high investor confidence.
July 2025, Cryptoniteuae