Tron’s (TRX) Transfer Volume Soars to $121 Billion in May, Marking a New All-Time High

The Tron network’s native token, TRX, achieved a new all-time high (ATH) in monthly transfer volume in May 2025, reflecting its expanding adoption and utility. 

This achievement builds on TRX’s other milestone of surpassing Cardano (ADA) in market capitalization, solidifying its position as the ninth-largest cryptocurrency.

Tron (TRX) Monthly Transfer Volume Soars to Record High 

According to data from CryptoQuant, 490.3 billion TRX tokens were moved in May. This marked a new benchmark for the network, both in terms of TRX and their equivalent value in dollars. 

“At the current price of approximately $0.247 per TRX, this equates to a total transfer volume of about $121.2 billion USD,” an analyst’s post read.

TRX Monthly Transfer Volume. Source: CryptoQuant

The analyst also highlighted that in April 2025, 362.92 billion TRX were transferred. Thus, May’s total reflected a significant uptick of about 34%.

The yearly rise was even more remarkable, with volume growing by approximately 990%. In May 2024, only 45 billion TRX were transferred.

This underlines Tron’s growing prominence in the cryptocurrency ecosystem, particularly in stablecoin transactions. BeInCrypto reported earlier that Tron was the most widely used blockchain for payments worldwide.

Tether (USDT) accounts for most transactions on the network. Tron also surpassed Ethereum (ETH) as the leading USDT transfer network, consistently processing higher daily volumes since mid-2022. 

Furthermore, the recent report by Artemis highlighted that Tron dominates stablecoin transaction volumes across multiple regions, including Latin America, Africa, North America, Europe, and Asia. 

“The most popular blockchains employed to settle customer flows, as a share of value sent, were Tron, followed by Ethereum, Polygon (Ethereum L2), and Binance Smart Chain,” the report read.

Meanwhile, the growth extends to market performance. Tron has overtaken Cardano as the ninth-largest cryptocurrency. At the time of writing, TRX’s market cap stood at $25.6 billion, edging out Cardano’s $24.1 billion. 

Tron $TRX has flipped Cardano $ADA by market cap, now ranked #9 with a market cap of over $25.6B.