TRON’s popularity is skyrocketing, with a massive influx of stablecoins driving its growth.
Stablecoin Surge on TRON
Data from Lookonchain shows a staggering $2.17 billion increase in USDT and USDC on the TRON network over just seven days. This follows significant increases in the preceding weeks: $623 million the week before, and $1.52 billion the week before that. Tether alone minted another $1 billion USDT on TRON on Monday, bringing the total USDT supply on the network to a massive $71.7 billion. Since the end of January, Tether has added a whopping $12 billion worth of USDT to TRON.
TRON Dominates Transaction Fees
The analytics platform Nansen confirms TRON’s dominance, reporting that it’s been “owning the fee game” for the past month. In the last seven days alone, TRON raked in $11.7 million in transaction fees, significantly outpacing Solana ($8.75 million) and Ethereum ($4.75 million).
TRX Price Remains Steady
Despite the significant growth, the price of TRX (currently at $0.246) has remained relatively stable over the past week. It currently holds the 10th spot in the crypto market cap rankings.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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