Tron positions itself as the preferred network for storing USDT.

Source: Criptonoticias Original Title: Tron positions itself as the preferred network for storing USDT Original Link: https://www.criptonoticias.com/mercados/usdt-migracion-ethereum-tron/

Analysis of USDT Distribution

In recent months, the distribution of the supply of the stablecoin USD Tether (USDT) among the major networks has shown a significant structural change. Recent data indicates that there has been accelerated growth of Tron in the global market for this digital currency.

The participation of the Tron network rose sharply from around 46% in September to over 60% in November 2025. This represents an increase of 14 percentage points in just one quarter.

This change suggests a notable migration of liquidity that had historically remained on Ethereum.

Chart Analysis

In the historical comparison of the total supply of USDT between Ethereum and Tron, there is a growing dominance of Tron since 2020, with a particularly pronounced surge towards the end of 2025.

The supply of USDT on the Tron network has notably increased. Tron is absorbing an ever-growing portion of the circulating supply of USDT, while the relative share of Ethereum is progressively decreasing.

Another chart, which shows the total supply issued on each network, reinforces the same conclusion. Although Ethereum maintains a relevant absolute amount, around 102.7 billion USDT, Tron has far surpassed that figure, reaching approximately 165.5 billion USDT.

This divergence explains why, despite Ethereum remaining the leader in global issuance with a concentration of 47.61% of the total supply, Tron has become the preferred network for the everyday use of USDT, with a market share of 42.19% in that stablecoin.

Transaction costs drive migration

One of the key factors behind this migration is the cost per transaction. The average fee on Tron remains low and stable, with an average close to $0.66. The reduction in fees on Tron is a relatively recent phenomenon, with fees experiencing a nearly continuous rise from January 2023 until well into 2025. The migration of USDT from Ethereum to Tron coincides, therefore, with the decrease in the price of fees on the second network.

Ethereum, in comparison, registers greater fluctuations and recurring peaks, with an average cost close to $0.91 and episodes that have far exceeded that value during times of congestion.

The low transaction fees and high speed of the network have made Tron a preferred destination for high-volume operations. Especially those related to cross-border transfers and liquidity in OTC markets in Asia.

The observed behavior also suggests a functional reorganization between both networks. Ethereum retains its role as the main platform for the issuance of USDT and more complex services within the digital financial ecosystem. Meanwhile, Tron is consolidating as the operational infrastructure for fast and low-cost transactions, attracting centralized exchanges and large liquidity providers.

If the trend continues, Tron could surpass 70% of the USDT market share by early 2026. However, Ethereum's position remains strategic due to its market depth.