Tron Overtakes Ethereum as the Dominant Network for Tether (USDT)

In a historic shift, Tron has officially overtaken Ethereum as the dominant network for Tether (USDT), with $73.8 billion in USDT circulating

In a surprising turn of events, Tron has officially overtaken Ethereum as the dominant network for Tether (USDT), boasting $73.8 billion in USDT circulating on its TRC-20 standard compared to Ethereum’s $71.9 billion, according to CryptoQuant data.

While the milestone is testament to how the landscape for stablecoin infrastructure is rapidly shifting, emerging markets are now favouring faster and cheaper blockchain networks for cross-border transfers and remittances.

However, Tron’s ascent hasn’t come without difficulties.

Despite the massive volume of USDT flowing through Tron, the network’s native token TRX has failed to keep up, currently trading nearly 38% below its all-time high. This divergence between network utility and token performance is spurring interest in newer infrastructure plays that could threaten Tron’s position.

Enter Solaxy ($SOLX), a next-generation Layer 2 blockchain built on Solana, specifically designed to resolve network congestion and boost transactional throughput.

With Solana’s own ecosystem now hosting more than $20 billion in monthly volume and welcoming over 82 million users, infrastructure constraints are once again front and centre. During peak periods – especially amid meme coin surges like TRUMP and MELANIA – Solana’s performance buckled, highlighting the urgent need for scalable Layer 2 solutions.

Solaxy is designed to handle that demand, using off-chain computation and transaction bundling to process up to 10,000 transactions per second, which is nearly 60% more than what Solana currently handles.

As an infrastructural play, Solaxy offers more than just technical firepower; it’s also viewed as a vehicle for solving one of crypto’s core bottlenecks – scaling without sacrificing decentralisation or performance. Unlike most ecosystem meme coins, which often experience short-lived speculative pumps, Solaxy’s value proposition is long-term. As analyst Danjo Capital Master told his 800,000 subscribers, Solaxy holds 50x upside potential because it directly tackles real blockchain pain points. Others have gone even further: Alessandro de Crypto has predicted a 100x rise, citing the project’s Layer 2 positioning as well as its seamless integration with Solana, Ethereum and Base via Hyperlane.

What may catalyse Solaxy’s rise even further is the regulatory shift occurring in the United States. During the third SEC crypto roundtable, new Chair Paul Atkins laid out a vision for a rational, innovation-driven framework.

Echoing President Trump’s pro-crypto stance, Atkins announced that the Commission would no longer rely on “ad hoc enforcement actions”. Instead they would pursue rulemaking to support on-chain securities and crypto-native markets.

For a project like Solaxy, this development is monumental. Atkins’ emphasis on modernising how securities are issued, held and traded – particularly in decentralised environments – offers a clear signal that platforms optimised for scalability and compliance could soon become institutional gateways. That includes Layer 2 networks designed to handle retail and institutional flows without friction.

By aligning with these emerging regulatory norms, Solaxy positions itself as a future-proof protocol, capable not just of absorbing transactional loads but also of supporting the next generation of compliant DeFi applications and tokenised assets.

While Tron may currently dominate in stablecoin volume, its centralised structure and limited interoperability may leave it more exposed to incoming compliance demands.

The enthusiasm behind Solaxy isn’t just theoretical. Its presale has already raised more than $35.5 million, with $SOLX moving from an initial price of $0.001 to $0.001724. This rising trajectory mirrors the kind of early-stage momentum seen in other high-performing infrastructure projects. Investors who join now also benefit from staking yields of 113% APY and presale prices are set to increase again in just under two days.

According to the roadmap, the next milestone is Solaxy’s Token Generation Event (TGE), followed by listings on both centralised and decentralised exchanges. After that, the Layer 2 network itself will launch, bringing a host of cross-chain integrations and DeFi capabilities. With a total token supply of 138 billion, SOLX has been structured to support long-term development, liquidity and rewards incentives across a multi-year growth plan.

This isn’t just about price predictions, though. Solaxy’s real value lies in its ability to become the preferred Layer 2 companion to Solana – a blockchain already being pushed to its operational limits. With its rollup technology, modular architecture and planned dApp ecosystem, Solaxy is well-positioned to siphon off not just transaction volume, but also developer mindshare and user capital.

For now, Tron’s dominance in stablecoin supply reflects a clear advantage in efficiency, but it also exposes the limitations of older infrastructure as blockchain usage expands. Solaxy, by contrast