HTX Research's report for H1 2025 summarizes key events in the crypto industry, highlighting growth and achievements of players like TRON and HTX.
TRON: Dominance in Stablecoin Payments
Amid intensifying competition in stablecoin settlement networks, TRON has firmly established itself as the 'king of payments.' By mid-2025, TRON hosted over $80 billion in circulating USDT, accounting for more than half of the global supply, with daily transaction volumes exceeding $21 billion. Its low fees, high efficiency, and deep integration with leading exchanges have created an unshakable network effect across cross-border payments and emerging markets.
HTX: Strengthening Competitiveness Through New Token Trading
In the exchange sector, HTX has reinforced its leadership through outstanding performance and growth in different segments, especially in the trading volume of new tokens. By mid-August, HTX’s cumulative spot trading volume of newly listed tokens reached $38 billion, ranking second among major exchanges and capturing 22% of daily new-coin trading. Rapid listings of trending assets and strong liquidity depth have made HTX a preferred platform for new token launches.
Dual Momentum of TRON and HTX
TRON and HTX have demonstrated a powerful 'chain–payment–exchange' synergy in 2025. TRON continues to expand its dominance in stablecoin settlement, reinforce its DeFi ecosystem, and pioneer the TRX DAT model for payments and lending. HTX, on the other hand, has boosted activity in new token markets, further accelerating its growth. This dual-engine dynamic has placed both TRON and HTX at the core of the stablecoin and exchange ecosystems.
The HTX Research report highlights important trends such as DAT becoming a standard strategy for companies and revived Ethereum projects through compliance and technological upgrades. Expectations of a Federal Reserve policy shift and potential rate cuts are fueling renewed inflows into risk assets. Overall, H1 2025 emphasizes value and structural opportunities rather than broad market bubbles.
