Ethereum Regains Top Spot in USDT as Tron’s Dominance Slips
After losing its top position to Tron in March, Ethereum has surged back to reclaim its place as the leading network for USDT, with its supply reaching $80 billion. Although both networks maintained high supply levels of roughly $75–$80 billion for most of the year, this reversal signals a key shift in infrastructure preferences.
In brief
- Ethereum’s USDT supply hits $80B, surpassing Tron after months of close competition in the stablecoin market.
- Daily transactions on Ethereum are near 1M, showing strong use of USDT for payments and settlements.
- Institutions favor Ethereum’s DeFi and infrastructure over Tron’s lower fees, boosting its dominance.
- Other chains like BSC, Solana, Polygon, and Arbitrum hold under $10B USDT each, far behind Ethereum and Tron.
Ethereum Reclaims Lead in USDT Transactions
Data from The Block shows Ethereum processing nearly 1 million transactions per day, suggesting that participants are not just holding USDT , but actively using it for payments and settlements.
Earlier in the year, Tron held a clear lead in USDT dominance as Ethereum’s usage declined. Since late April, however, Ethereum has experienced a steady resurgence, eventually overtaking Tron in August.
Despite their close competition, the ongoing shift highlights how even small advantages in dominance can influence capital flows.
With each holding less than $10 billion, other chains—including BNB Chain (BSC), Solana, Polygon, and Arbitrum—account for smaller portions of the total supply. Although these networks are seeing healthy growth, their combined share remains a fraction of the total compared to Ethereum and Tron.
Institutions and DeFi Fuel Stablecoin Shift from Tron
Ethereum’s resurgence suggests that users are prioritizing its established DeFi ecosystem and institutional-grade infrastructure over Tron’s lower transaction costs. Experts believe that this flip is also driven by renewed activity in DeFi protocols, as well as institutional adoption through ETFs and corporate treasuries.
This shift comes as mainstream financial institutions increasingly tap into stablecoin payment infrastructure. Firms such as PayPal (with PYUSD) and other major players are integrating stablecoins into their frameworks. Many of these companies are leaning towards Ethereum’s more established institutional presence.
With total USDT supply exceeding $100 billion across chains, the contest between Ethereum and Tron remains central to stablecoin market dynamics. Industry watchers are monitoring whether Ethereum can consolidate its lead or if Tron will reclaim the top spot in the months ahead.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AAVE Rises 1.13% as Weekly Increase Balances Out Monthly Decline During Market Fluctuations
- Aave (AAVE) rose 1.13% in 24 hours, rebounding from a 39.1% annual decline amid crypto market volatility. - The 12.3% weekly gain reflects speculative buying in DeFi, though broader trends show 17.68% monthly losses. - Analysts highlight DeFi's fragility due to regulatory uncertainty and shifting capital flows, despite short-term optimism. - Aave's future depends on innovation, macroeconomic stability, and competition from emerging lending platforms.

Balancer’s $8 Million Compensation Proposal Sheds Light on Weaknesses in DeFi Security Assessments
- Balancer proposes $8M reimbursement plan for liquidity providers impacted by its $128M exploit, marking first concrete response to 2025's largest DeFi breach. - $28M in stolen assets recovered via white hats and third-parties, with StakeWise separately returning $19.7M in osETH/osGNO to users. - Exploit exploited rounding vulnerabilities in Stable Pools, exposing audit limitations as 11 external reviews failed to detect the sophisticated attack. - Reimbursements will be distributed proportionally via BPT
BAT Breaks Away from Altcoin Downturn: Privacy Focus Fuels Rapid Growth Beyond Market Rebound
- BAT surged over 100% since October 11, nearing 2025 highs, driven by Brave's 101M+ monthly active users and 42M daily active users. - Brave's ecosystem expansion (search, AI assistant, wallet) boosted BAT's utility as privacy tool and social rewards mechanism. - BAT outperformed altcoins with 53.4% weekly gain, fueled by user-earned ad rewards and direct creator tipping bypassing traditional networks. - On-chain data shows 72.32% 24h transfer increase, but challenges include privacy browser competition a

Dogecoin News Today: Meme Coins Achieve Recognition as Institutional Investors and ETFs Drive Market Changes for 2025
- WLFI's acquisition of Solana-based meme coin SPSC triggered a 139.8% price surge, highlighting institutional interest in meme tokens. - Binance's listing of Dank Penguin and BNBHolder boosted their market caps past $5 million, showcasing exchange-driven momentum in meme coin ecosystems. - Dogecoin's ETF debut via Bitwise's BWOW and Grayscale's GDOG signals growing institutional validation, despite mixed initial performance compared to Solana/XRP ETFs. - 2025 could solidify meme coins and altcoin ETFs as

