USDT Transactions on TRON Network Hit Record High of $600 Billion, Outpacing Ethereum

Tether (USDT) transactions on the TRON network have hit a record high of $600 billion. This milestone reinforces its growing popularity as a low-cost

Tether (USDT) transactions on the TRON network have hit a record high of $600 billion, highlighting the growing popularity of the network for fast, efficient, and low-cost USDT transfer.

In fact, TRON has been consistently outperforming Ethereum since January 2022 in terms of USDT transaction volume.

While Ethereum still holds the edge in NFT and DeFi activity, TRON’s position as a stablecoin settlement leader shouldn’t be disregarded.

Growth gap emerges between TRON and Ethereum

The shift to TRON for transferring USDT has been driven by its lower gas fee and faster confirmation rates. Higher fees than ETH have motivated users, particularly those in emerging economies, to switch over.

This trend has created a noticeable divergence. TRON’s stablecoin base is now processing more volume on a day-to-day basis than ETH, and the gap is set to widen further.

The post TRON’s (TRX) stablecoin dominance continues as ETH gas fees spark another shift in crypto

The post TRON’s (TRX) stablecoin dominance continues as ETH gas fees spark another shift in crypto appeared first on Token Terminal.

, according to Token Terminal.

But despite the narrative around new Layer-1s and their role in the next bull market, there’s still strength in some of the ‘older’ altcoins.

TRON (TRX) is a prime example. Its price has surged by over 100% since January lows and is now showing signs of another rally.

More activity can awaken altcoin’s lagging momentum

TRON has consistently outperformed the broader crypto market in 2024. However, the narrative around the altcoin has largely stalled out.

Its momentum is slowly beginning to fade as Bitcoin (BTC) and altcoins take over the market narrative once again.

However, network activity on TRON is presenting a different picture. For example – The surge in USDT volumes is a sign of high underlying demand.

This on-chain activity has the potential to breathe new life into TRON’s price action. In the view of top analysts, network momentum is more likely to be reflected in renewed investor sentiment, especially when it is driven by real usage.

A surge past $0.2755 on the charts will push the altcoin’s price on another bullish run.

Are whales accumulating?

A noticeable wave of big whale orders has supported the hike in transaction volumes. In fact, whales have been steadily buying TRX at or close to its press time price levels.

Such episodes are generally seen as strong bullish signals. Accumulation by whales during network expansion usually alludes to long-term positioning, and not short-term speculation.

TRON’s quiet turnaround?

While TRON has not been grabbing the headlines like Solana or Ethereum of late, its fundamentals are running strong. Its all-time USDT volume and strategic whale involvements might hint at a potential turning point.

If the trend continues, TRX could possibly regain attention slowly — Not through hype cycles, but through consistent network utility.