Altcoin Transaction King? TRON Hits 42% Share As USDT, DeFi Explode
Tron (TRX) is demonstrating its status as a dominant force in the realm of altcoin transactions. The network has established itself as one of the busiest blockchain networks by capturing a significant 42% proportion of all altcoin transactions. Tron’s dominance is becoming increasingly apparent due to its expanding role in decentralized finance (DeFi) and its efficient system for managing Tether (USDT) transfers. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Tron’s Position In The Altcoin Market Tron has established itself as the foundation for....
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RUNE, the native token of the THORChain protocol, remains under significant bearish pressure following a 9.09% price decline in the last week. According to crypto analyst Ali Martinez, RUNE is likely far from a market recovery following a bearish flag pattern on its trading chart. Related Reading: Altcoin Transaction King? TRON Hits 42% Share As USDT, DeFi Explode RUNE Chart Hints At Major Sell-Off Ahead – Details In technical analysis, a bearish flag is a continuation pattern formed after a significant downtrend, followed by a period of consolidation, before another leg downward.....
The TRON network has been making a notable impact across altcoin ecosystems, regaining its position as the leading blockchain for transaction volume among major altcoin chains. According to a CryptoQuant analyst known as ‘Maartuun,’ TRON has shown substantial transaction dominance recently, handling roughly 43% of transactions across major altcoin blockchains as of October 30. This recent spike has pushed TRON to the top position for transaction processing in October, surpassing other major altcoin networks and highlighting its relevance in the current crypto market. Related Reading:....
Tether, the largest stablecoin by market cap, has reached a milestone by issuing 30 billion USDT on top of the Tron blockchain. While the stablecoin is now present on several chains, including BSC (Binance Smart Chain) most of it is now on Tron due to the blockchain’s low transaction fees, which make using it easy and cheap. Tether Reaches 30 Billion USDT Issued on Tron Tether, the biggest stablecoin in the market, has reached a volume of 30 billion USDT issued as TRC20 tokens on the Tron blockchain, being this the highest the stablecoin has issued on top of any chain so far. The....
Tron takes off by 44% and ranks as the third-largest blockchain based on TVL. Tron, Tronix, or TRX is designed to beat Bitcoin and Ethereum on their tracks with faster, cheaper, and smarter transactions. Tron doesn’t have a maximum supply, unlike Bitcoin, which means it has eliminated the scarcity element, making it eclipse the “king […]
TRON (TRX) is currently seeing a price decline, trading at $0.2773 after a 4.8% dip in the past 24 hours. This places the token at roughly 35.7% below its all-time high of $0.4313 recorded in December 2024. While the recent downtrend reflects broader market conditions, some analysts believe that underlying indicators point to room for […]