Tron's stablecoin supply reached approximately $91.8 billion in early August, increasing by $2 billion in the past month. Nearly 98% of this supply is Tether's USDT, making Tron the largest blockchain for USDT circulation since 2021. The network processes around $23.8 billion in daily stablecoin transfers, mostly small transactions under $1,000, highlighting its role in retail and cross-border payments due to low fees. Despite this growth, Tron’s native token TRX has not seen a proportional price increase, and the network's heavy reliance on USDT could pose risks if Tether's market share declines.
TRON's blockchain saw a strong start to August with Protocol Revenue reaching $37.78 million in the first five days, averaging $7.56 million daily. The network's total accounts grew to 397.08 million, while Daily Active Users increased to 4.2 million...
DeFi's total value locked (TVL) slightly declined to $75.12 billion, down 0.3% from last week and about 34% below the year's peak, reflecting cautious capital deployment despite steady network activity. Ethereum remains dominant with over 55% of TVL ...
The crypto market is mostly flat today with Bitcoin trading around $64,387, up slightly by 0.13%. Despite the calm, most major cryptocurrencies have lost significant value this year, with Ethereum down 35.76% and Bitcoin down 26.43%. Only a few coins...
TRON's blockchain network has seen explosive growth, with cumulative transactions surpassing 15 billion and daily transactions averaging over 12 million. Nearly half of all USDT stablecoins now circulate on TRON, making it the leading platform for st...
Bitcoin remained stable around $64,000 despite global stock markets reaching new highs driven by enthusiasm for AI-related shares. Ether was the only major cryptocurrency to decline over the week, falling about 2%. The market showed little reaction t...
