TRON’s Rise: Defying Market Dip with USDT Dominance
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While the broader cryptocurrency market experienced a 2.7% decline, TRON (TRX) bucked the trend, posting a 0.6% gain, reaching $0.2788. This positive performance extends to a weekly view, showing a 2.4% increase. On-chain analysis reveals increasing stability and resilience in TRON's price behavior. Drawdown analysis, measuring peak-to-trough price declines, indicates a consistent reduction in drawdown depth since 2020. Four major drawdown periods are highlighted: March 2020 (61%), June 2021 (70%), January 2022 (55%), and January 2025 (40%). Each period was followed by significant recovery, with decreasing drawdown depth suggesting growing investor confidence and capital retention within the TRON network. This stability is further supported by increased capital flow and ecosystem usage, notably in stablecoin transactions. TRON has emerged as a dominant layer for Tether (USDT) transfers, surpassing Ethereum in daily transaction volume. On June 25, 2025, TRON processed a record $23.4 billion in daily USDT transfers, significantly exceeding Ethereum's $9.9 billion. This trend, observed since mid-2022, shows a widening gap between TRON and Ethereum's USDT transfer volumes. While Ethereum's USDT activity has declined by approximately 39% since its November 2024 peak, TRON continues its upward trajectory, solidifying its position as a primary settlement layer for Tether transactions. This shift suggests Ethereum is transitioning towards other use cases, while TRON's dominance in stablecoin transactions contributes to its overall market stability and growth.