This article discusses TRON’s dominance in USDT transactions, focusing on its performance, ease of use, and appeal to retail traders.
Points
- TRON leads in USDT transactions ranging from $1 to $10K.
- The blockchain’s ease of use and low costs make it a top choice for stablecoin transactions.
- TRON’s popularity is driven by activities in emerging markets.
TRON, a blockchain network founded by Justin Sun, is currently leading other blockchains in Tether （USDT） transactions ranging from $1 to $10,000. This notable performance demonstrates TRON’s increasing use for business payments and retail trades.
According to data from Dune Analytics, TRON has outpaced top blockchains like Solana （SOL）, Binance Coin （BNB）, Polygon （MATIC）, and Ethereum （ETH） in USDT transactions. The chart focuses on $1 to $10,000 transactions between January 2021 and July 2024, showing a dramatic year-over-year rise in TRON’s USDT transactions.
USDT, a stablecoin pegged to the US dollar, has become a popular choice for payments among TRON customers. TRON’s unique characteristics, such as reduced fees and instant settlement, have contributed to its popularity. The network’s focus on retail trades and low transaction costs make it an attractive option for users looking to preserve their savings.
Moreover, TRON is leading in the broader stablecoin ecosystem, particularly in emerging markets. Data from Allium, a data provider, shows that 38.6% of all stablecoin addresses used during the last 30 days belong to USDT on TRON wallets. This indicates a significant adoption rate in developing countries.
Several crypto exchange platforms have supported USDT transactions on the TRON network due to their increasing adoption. For instance, Upbit Global, a Singaporean-based crypto exchange, recently introduced USDT support on the TRON network with no withdrawal fees.
Amid these developments, TRX, the native token of TRON, continues to see an uptick in its price. In the past day, the TRX token experienced a 0.6% increase, trading at $0.137. The market cap increased to $11.9 billion, while the trading volume declined by 8% to $260 million.
https://twitter.com/trondao/status/1816542067331391608
解説
- TRON’s dominance in USDT transactions highlights its
position as a leading blockchain for stablecoin transactions.
– The network’s focus on ease of use, low fees, and instant settlement makes it appealing to retail traders.
– TRON’s significant adoption in emerging markets showcases its potential for continued growth and expansion.
– Support from major crypto exchange platforms further enhances TRON’s usability and accessibility for global users.