The total supply of Tether (USDT) on the Tron network has reached a new all-time high of $86.7 billion, according to data from CryptoQuant. This milestone, recorded on April 21, 2026, represents an increase from roughly $85 billion in March and underscores Tron's dominant position in the stablecoin ecosystem.
Tron now commands over 46% of the total USDT market share, ranking second only to Ethereum. MEXC analysts described the surge as 'a sign that a huge amount of dollar-linked liquidity is sitting on a network that traders already use heavily.'
Meanwhile, TRX is trading at $0.329, down 23.6% from its all-time high of $0.4313. The cryptocurrency is consolidating near support at $0.30, with the $0.35 level seen as the next significant resistance. A breakout above $0.35 could open a path toward $0.38–$0.40, while a drop below $0.30 might lead to selling toward $0.27.
Institutional activity is also notable. Tron Inc. recently disclosed the purchase of 151,888 TRX at an average price of $0.3292, bringing its total holdings above 692.5 million TRX — a signal that accumulation continues at current levels.
In related news, a recent report highlighted the top revenue-generating projects in crypto over the past 30 days. Tether (USDT) led with $459 million, followed by Tron (TRX) at $223.8 million (+13.2%), and Circle (USDC) at $201.6 million (+4.5%). Other notable entries include Hyperliquid (HYPE) with $51.7 million (-5.2%), Sky (SKY) at $33.2 million (+19.1%), and pump.fun (PUMP) at $21.4 million (-15.1%).
The combination of record stablecoin liquidity and steady revenue growth positions Tron as a key player, but near-term price action for TRX will depend on whether that liquidity translates into buy-side pressure or rotates into other assets.
