TRON has experienced a noteworthy growth, becoming the 2nd-biggest stablecoin ecosystem. In this respect, TRON has touched a stunning supply of up to $80B. As per the latest report from Arkham Intelligence published on Friday, while hosting over $80B in terms of stablecoin supply, it reportedly processes more than $20B in everyday volume. At the same time, it also supports over 2M stablecoin transfers.
TRON Handles $80B Stablecoin Supply, Outcompeting Rivals to Become 2nd-Biggest Stablecoin Network
The Arkham Intelligence report discloses that TRON has ultimately gained the notable position of being the 2nd-biggest stablecoin network. As a result, it now hosts above $80B when it comes to stablecoin supply. Hence, TRON now trails on Ethereum as a stablecoin network. A key factor behind this is TRON’s rising significance as a high-throughput settlement and cost-effective ecosystem for worldwide tablecoin transactions.
The analysis points out that the stablecoin supply of TRON has surged almost tenfold since the year 2021. This demonstrates robustness across the bear and bull market cycles. During the crypto downturn of 2022 and 2023, the stablecoin supply of TRON kept growing while Ethereum remained contracted. This permitted TRON to get a huge market share. At the moment, TRON operates as Tether’s key settlement layer, as $USDT accounts for considerable stablecoin activity within the TRON network.
Robust Speed, Seamless Exchange Integration, and Low Fees Lead toward TRON’s Future Growth
Apart from that, TRON’s speed and cost-efficiency are the most important drivers behind its growth. Thus, median stablecoin transaction charges on TRON are $0.09 on average, compared to nearly $3.73 on Ethereum. Additionally, the confirmation times are up to 4 times faster. The respective advantages have made TRON a chosen rail when it comes to mid-to-large value transactions.
Therefore, TRON has established a distinct niche in the form of a high-throughput settlement platform instead of a DeFi-heavy ecosystem.The report from Arkham Intelligence also reveals that 60-80% of the overall stablecoin inflows within the TRON network move toward centralized services. Specifically, Binance singly tackles almost 50% of the respective labeled inflows.
Along with that, the stablecoin activity of TRON is majorly concentrated in emerging markets like Asia, where transfer costs are a crucial element. So, TRON’s regular stablecoin supply is within the 0.2x-0.3x range irrespective of the wider market conditions. Overall, as the stablecoin market is undergoing a vast adoption, TRON has gained a key position to cash a big share of further growth.
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