Tron’s USDT Triumphs: Daily Volume Climbs Above $53 Billion, Dwarfing Visa
USDT, Tether’s digital token pegged to traditional currencies, is leading a quiet revolution in the world of finance. In a landmark development, USDT has surpassed Visa’s average daily transaction volume on the Tron blockchain, underscoring its position as the undisputed leader in the stablecoin space. This surge signifies a growing confidence in stablecoins and their potential to disrupt the financial landscape. Related Reading: AI Crypto Fetch.ai (FET) Makes ‘Big Bounce’ – Volume Spikes Over 200% Ahead Of Merger USDT Flexes Muscles USDT’s dominance is evident. Available....
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Toncoin, the brainchild of messaging app giant Telegram, is making waves in the cryptocurrency world. A recent report by CryptoQuant, a leading crypto analysis platform, has identified Toncoin as one of the fastest-growing blockchain networks. While established giants like Bitcoin reign supreme in daily transaction volume, TON’s growth metrics paint a compelling picture of a network poised for a breakout. Related Reading: Follow The Whales? Arthur Hayes Buys Pendle, Token Soars 25% Transaction Velocity: A David-Vs-Goliath Story While Bitcoin processes a staggering $50 billion daily....
Tether, the largest stablecoin by market cap, has reached a milestone by issuing 30 billion USDT on top of the Tron blockchain. 30 Billion USDT Issued on Tron Tether, the largest stablecoin on the market, has released 30 billion USDT as TRC20 tokens on the Tron blockchain, which is the highest amount the stablecoin has […]
Tether accounts for a huge percentage of transactions and is taking on Bitcoin and Ethereum in a variety of ways The latest data from analytics providers suggest that cumulative Tether transaction volume has just surpassed $600 billion as it begins to dominate crypto exchange trading.On-chain analytics provider Glassnode has revealed that Tether transaction volume increased by around 20% over the past 30 days to reach that new cumulative milestone. Cumulative $USDT Transaction Volume just went above 600,000,000,000 USDT. Current value: 600,000,880,895 USDT View....
Messari estimates Ethereum’s daily transaction volume is now 28% greater than Bitcoin's. The daily volume of transactions on the Ethereum (ETH) network is now 28% greater than on Bitcoin (BTC), according to crypto analytics firm Messari.On Jan. 19, Messari’s Ryan Watkins tweeted that Ethereum’s daily transaction volume “is going parabolic” alongside a chart indicating that Ethereum and Ethereum-powered stablecoins have processed $12.3 billion in transactions over the past 24 hours — dwarfing Bitcoin and Omni-based USDT’s $9.3 billion.Ethereum's daily transaction volume is going....
One billion USDT will be transferred to the Ethereum blockchain, while another 20 million USDT will go to Avalanche. Following recent developments in the sphere of stablecoins, Tether (USDT) has announced that it’s coordinating a chain swap to transfer USDT assets from Tron’s TRC-20 to Ethereum and Avalanche’s blockchain. In a tweet, Tether said that 1 billion USDT will be moved from Tron’s blockchain to Ethereum. On the other hand, an additional 20 million USDT will be converted to Avalanche. According to Tether, this will not change the total supply of the stablecoin. In few minutes....