Tron's stablecoin market cap has grown by nearly $9.7 billion in the past year, reaching about $91.57 billion and making it the second-largest blockchain for stablecoins after Ethereum. USDT dominates Tron’s stablecoin supply with nearly 98%, totaling around $89.5 billion, while Tron’s own USDD stablecoin accounts for $1.19 billion. The network processes over $20 billion in daily stablecoin transactions across 2.2 million transactions, with low fees and fast confirmations, driven by strong demand from centralized exchanges and emerging markets. This growth supports Tron’s TRX token value but also poses risks due to heavy reliance on a single stablecoin, USDT.
The crypto market has recovered, with total capitalization rising above $2.2 trillion and Bitcoin surpassing $65,000. This rebound is driven by easing inflation concerns, especially cooling crude oil prices, which reduce pressure on the Federal Reser...
Pump.fun surpassed Hyperliquid and Tron in 24-hour revenue, generating $893,255, which boosted confidence in its expanding ecosystem. The PUMP token price rose 21.16% to nearly $0.002, supported by a 403.69% jump in trading volume and a notable $100,...
Bitcoin and Ethereum posted modest gains of around 1.5% on July 18, reaching $64,083 and $1,844 respectively, while overall crypto trading volumes dropped significantly. This decline in spot and derivatives volumes suggests cautious investor sentimen...
