Network Surpasses Ethereum in USDT Circulation with $75.8 Billion
The post Network Surpasses Ethereum in USDT Circulation with $75.8 Billion appeared on BitcoinEthereumNews.com. TLDR TRX currently trades at $0.27, about 38% below its all-time high of $0.44 Tron has overtaken Ethereum in USDT supply with $75.8 billion circulating on its network Daily USDT transaction volume on Tron reaches $23.4 billion with 2.4 million transactions daily Analysts project TRX could reach $0.70-$0.73 by end of 2025 and potentially $1 by 2026 Tron’s growth is driven by lower transaction fees and faster settlement times compared to Ethereum Tron (TRX) has emerged as a major player in the cryptocurrency market, currently ranking among the top ten by market capitalization. The cryptocurrency is trading at approximately $0.27, which remains about 38% below its all-time high of $0.44 reached in December 2024. The digital asset has been moving sideways, establishing a critical support base around the $0.27 mark. Technical indicators suggest a potential breakout could push the price toward $0.30, though the Relative Strength Index (RSI) at 66 hints at a possible pullback first. Tron has achieved a major milestone by overtaking Ethereum in USDT supply. The network now supports $75.8 billion worth of Tether in circulation, demonstrating its growing influence in the stablecoin space. Daily transaction volume for USDT on the Tron network has reached an impressive $23.4 billion. This high volume reflects increased adoption and utility of the network for payments, transfers, and trading activities. Data from CryptoQuant shows that Tron processes approximately 2.4 million USDT transactions daily. This vastly outpaces Ethereum, which handles only about 284,000 transactions per day. Stablecoin Dominance Fuels Growth At the close of Q1, Ethereum held 58% dominance in the stablecoin market compared to Tron’s 31% in a $200 billion market space. However, recent trends show a significant shift in user preference toward the Tron network. The migration from Ethereum to Tron for stablecoin transfers can be attributed to Tron’s lower…
The post Network Surpasses Ethereum in USDT Circulation with $75.8 Billion appeared on BitcoinEthereumNews.com.
TLDR TRX currently trades at $0.27, about 38% below its all-time high of $0.44 Tron has overtaken Ethereum in USDT supply with $75.8 billion circulating on its network Daily USDT transaction volume on Tron reaches $23.4 billion with 2.4 million transactions daily Analysts project TRX could reach $0.70-$0.73 by end of 2025 and potentially $1 by 2026 Tron’s growth is driven by lower transaction fees and faster settlement times compared to Ethereum Tron (TRX) has emerged as a major player in the cryptocurrency market, currently ranking among the top ten by market capitalization. The cryptocurrency is trading at approximately $0.27, which remains about 38% below its all-time high of $0.44 reached in December 2024. The digital asset has been moving sideways, establishing a critical support base around the $0.27 mark. Technical indicators suggest a potential breakout could push the price toward $0.30, though the Relative Strength Index (RSI) at 66 hints at a possible pullback first. Tron has achieved a major milestone by overtaking Ethereum in USDT supply. The network now supports $75.8 billion worth of Tether in circulation, demonstrating its growing influence in the stablecoin space. Daily transaction volume for USDT on the Tron network has reached an impressive $23.4 billion. This high volume reflects increased adoption and utility of the network for payments, transfers, and trading activities. Data from CryptoQuant shows that Tron processes approximately 2.4 million USDT transactions daily. This vastly outpaces Ethereum, which handles only about 284,000 transactions per day. Stablecoin Dominance Fuels Growth At the close of Q1, Ethereum held 58% dominance in the stablecoin market compared to Tron’s 31% in a $200 billion market space. However, recent trends show a significant shift in user preference toward the Tron network. The migration from Ethereum to Tron for stablecoin transfers can be attributed to Tron’s lower…
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