**Tron Surges in Stablecoin Market, Closing in on Ethereum**

Tron is making waves in the stablecoin market, now holding the second-largest market share after Ethereum. According to Coin Metrics Network, Tron's stablecoin supply has skyrocketed to $61.1 billion, capturing 37.9% of the market. This is a notable jump from $46.6 billion a year ago. Ethereum still leads with $89.7 billion, or 55.7% of the market.

Tron's growth isn't just in supply; its transfer volume has surged by 158% year-to-date, reaching $58.75 billion. On August 15 alone, Tron saw $17.4 billion in stablecoin transfers, dwarfing Solana and BNB Chain.

Decentralized finance (DeFi) activity on Tron is also booming, with its total value locked (TVL) hitting a record $10.55 billion. Daily revenue on the Tron network increased by 27% over the past year, reaching $1.5 million.

Tron's native token, TRX, has risen over 80% in the last 12 months, trading at $0.133. However, it remains 55% below its January 2018 all-time high of $0.30.

This article does not contain investment advice. Always conduct your own research before making financial decisions.