@liyaqing
Tron's $16 million Q3 revenue, ranking second in blockchain REV behind Solana's $160 million , stems largely from stablecoin trading dominance, with Tron hosting 51% of USDT supply ($80B+) . This creates a positive spillover on TRX price: surging USDT transfers (65M daily) boost network fees and TRX demand for gas, driving price from $0.0155 to $0.338 YTD , with forecasts to $0.40
In contrast, USDT total issuance hit $15B in 2025, with Tron's share surging $23B YTD , amplifying Tron's liquidity and TRX valuation over Ethereum's slower growth.