Tron stablecoin market cap tops $90B as May revenue jumps…

Tron's stablecoin ecosystem crossed a significant milestone in May, with total stablecoin market cap on the network surpassing $90 billion — a 3.63% increase from April. The figure underscores Tron's continued dominance as the preferred settlement layer for dollar-denominated stablecoins, particularly USDT.

Revenue told an equally strong story: Tron generated $32.23 million in May, up 5.6% month-over-month and well ahead of competing chains. DefiLlama data confirms the gap between Tron and its nearest rivals remains wide, driven by consistently high transaction volumes from stablecoin transfers.

For investors tracking stablecoin infrastructure, Tron's dual growth in both market cap and fee revenue in the same month signals that demand for on-chain dollar liquidity is not slowing — and that Tron's network effects in this niche are compounding.

Source: [Tron - DeFi TVL, Fees, & Revenue - DefiLlama](https://defillama.com/chain/tron)