TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure and stablecoin settlement.

Despite experiencing its lowest fee revenue since January 2023, the chain still outperformed every major competitor, signaling strong real-world usage and accelerating adoption.

Data shows TRON generated $29.4 million in fees for November, ahead of Ethereum’s $22.8 million and Solana’s $19.9 million. The numbers underline a shift happening across crypto: users are favouring cheaper, faster networks for day-to-day transactions, particularly stablecoin transfers.

Tron is the top chain by fees in November.

Tron generated $29.4M in fees, it’s the lowest level since January 2023, but still higher than any other chain.

Ethereum ($22.8M) and Solana ($19.9M) follow closely behind.

Interestingly, 84% of Tron’s fees come from USDT transfers. pic.twitter.com/X1pgSkRgpJ

— CryptoRank.io (@CryptoRank_io) December 2, 2025

• And on TRON, the trend is overwhelming.
• 84% of TRON’s fees come from USDT alone.

TRON has quietly become the backbone of global USDT movement. Over the past year, it has consistently processed the majority of Tether’s on-chain circulation, now keeping a firm hold over stablecoin transfers worldwide.

New network stats show how significant its footprint has become:

•  350 million total accounts crossed
•  $23 trillion in total transactions processed
•  Physical goods purchases via USDT up 64% in Q3

These metrics point to something larger than blockchain speculation. TRON is increasingly being used for real commerce. The surge in physical goods purchases reflects stablecoins growing into a primary payment tool, especially in emerging markets where banking infrastructure struggles to keep up.