- USDT on TRC-20 total transfers hit 22 billion, outstripping ETH’s ERC-20 USDT at 2.6 billion.
- TRON ranked top among L1 blockchains by fee generated over the last six months
A comparative analysis of TRC-20 and ERC-20 USDT clearly showed TRON’s dominance in transaction volume since 2021. TRC-20 USDT transactions spiked, hitting 22 billion, while also dwarfing ERC-20’s 2.6 Billion.
This trend was consistent where TRC-20 showed peaks far exceeding those of its Ethereum counterpart.
Significant spikes in TRC-20 activity, especially noticeable in mid-2024, emphasize TRON’s advantage in terms of lower fees and faster processing times, attracting more users and exchanges for stablecoin transactions.
Source: CryptoQuant
The marked increase in TRC-20 transactions during September, nearly doubling those on ERC-20, highlighted its efficiency and growing user base.
This robust performance by TRON supported its leading role in the stablecoin sector, underlining a sustained preference among digital asset operators.
TRON fee revenue and TVL
Furthermore, TRON’s fees generated over the last six months amounted to $1.36 billion, ranking it among the top Layer 1 blockchains ahead of Ethereum once again.
The growth in USDT transactions on TRON has continued robustly, with the transaction volume for TRC-20 USDT far outpacing that of ERC-20. This, despite the high average fees of $1.2, as Token Terminal noted on X.
This trend alluded to TRON’s increasing dominance in stablecoin transactions, favored for its faster processing times and security.
Source: Token Terminal
This surge in transactions correlated with a notable hike in daily active accounts on TRON. Figures for the same have now surpassed 2.62 million, with an average of 174,000 new accounts daily.
These propelled TRON’s total value locked (TVL) to exceed $23.4 billion, demonstrating its expanding influence and user trust.
The escalating activity on TRON, coupled with its efficient transaction handling capabilities, pointed to a potential uptrend for TRON, reinforcing its stature in the blockchain ecosystem.
This could likely influence a sustained rise in its market valuation, given the robust usage and trust demonstrated by the crypto community.
AI integration and price prediction
In other news, AI development on TRON could catalyze further investor interest and speculative trading, potentially driving the price higher in the medium term. The announcement was made by Justin Sun on X,
“Some groundbreaking AI will be developed on Tron and steemit. Stay tuned.”
Looking at TRX’s price movement within the weekly timeframe showed a spike to $0.30, followed by a retraction to a fair value gap around $0.24. This level serves as both a support and a pivot point for potential future price directions.
Source: Trading View
At the rime of writing, the MACD was positive, suggesting momentum could continue upwards, while the RSI near 70 indicated that TRX was approaching overbought territory. This hinted at a possible consolidation or a pullback on the charts.
Going forward, the price could retest the $0.30 peak or, if support at $0.24 fails, fall back to lower support levels.
- USDT on TRC-20 total transfers hit 22 billion, outstripping ETH’s ERC-20 USDT at 2.6 billion.
- TRON ranked top among L1 blockchains by fee generated over the last six months
A comparative analysis of TRC-20 and ERC-20 USDT clearly showed TRON’s dominance in transaction volume since 2021. TRC-20 USDT transactions spiked, hitting 22 billion, while also dwarfing ERC-20’s 2.6 Billion.
This trend was consistent where TRC-20 showed peaks far exceeding those of its Ethereum counterpart.
Significant spikes in TRC-20 activity, especially noticeable in mid-2024, emphasize TRON’s advantage in terms of lower fees and faster processing times, attracting more users and exchanges for stablecoin transactions.
Source: CryptoQuant
The marked increase in TRC-20 transactions during September, nearly doubling those on ERC-20, highlighted its efficiency and growing user base.
This robust performance by TRON supported its leading role in the stablecoin sector, underlining a sustained preference among digital asset operators.
TRON fee revenue and TVL
Furthermore, TRON’s fees generated over the last six months amounted to $1.36 billion, ranking it among the top Layer 1 blockchains ahead of Ethereum once again.
The growth in USDT transactions on TRON has continued robustly, with the transaction volume for TRC-20 USDT far outpacing that of ERC-20. This, despite the high average fees of $1.2, as Token Terminal noted on X.
This trend alluded to TRON’s increasing dominance in stablecoin transactions, favored for its faster processing times and security.
Source: Token Terminal
This surge in transactions correlated with a notable hike in daily active accounts on TRON. Figures for the same have now surpassed 2.62 million, with an average of 174,000 new accounts daily.
These propelled TRON’s total value locked (TVL) to exceed $23.4 billion, demonstrating its expanding influence and user trust.
The escalating activity on TRON, coupled with its efficient transaction handling capabilities, pointed to a potential uptrend for TRON, reinforcing its stature in the blockchain ecosystem.
This could likely influence a sustained rise in its market valuation, given the robust usage and trust demonstrated by the crypto community.
AI integration and price prediction
In other news, AI development on TRON could catalyze further investor interest and speculative trading, potentially driving the price higher in the medium term. The announcement was made by Justin Sun on X,
“Some groundbreaking AI will be developed on Tron and steemit. Stay tuned.”
Looking at TRX’s price movement within the weekly timeframe showed a spike to $0.30, followed by a retraction to a fair value gap around $0.24. This level serves as both a support and a pivot point for potential future price directions.
Source: Trading View
At the rime of writing, the MACD was positive, suggesting momentum could continue upwards, while the RSI near 70 indicated that TRX was approaching overbought territory. This hinted at a possible consolidation or a pullback on the charts.
Going forward, the price could retest the $0.30 peak or, if support at $0.24 fails, fall back to lower support levels.
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Man is said to seek happiness above all else, but what if true happiness comes only when we stop searching for it? It is like trying to catch the wind with our hands—the harder we try, the more it slips through our fingers. Perhaps happiness is not a destination but a state of allowing, of surrendering to the present and realizing that we already have everything we need.
Man is said to seek happiness above all else, but what if true happiness comes only when we stop searching for it? It is like trying to catch the wind with our hands—the harder we try, the more it slips through our fingers. Perhaps happiness is not a destination but a state of allowing, of surrendering to the present and realizing that we already have everything we need.
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If everything in this universe has a cause, then surely the cause of my hunger must be the divine order of things aligning to guide me toward the ultimate pleasure of a well-timed meal. Could it be that desire itself is a cosmic signal, a way for nature to communicate with us, pushing us toward the fulfillment of our potential? Perhaps the true philosopher is not the one who ignores his desires, but the one who understands their deeper meaning.
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Friendship, some say, is a single soul residing in two bodies, but why limit it to two? What if friendship is more like a great, endless web, where each connection strengthens the whole? Maybe we are not separate beings at all, but parts of one vast consciousness, reaching out through the illusion of individuality to recognize itself in another.
Man is said to seek happiness above all else, but what if true happiness comes only when we stop searching for it? It is like trying to catch the wind with our hands—the harder we try, the more it slips through our fingers. Perhaps happiness is not a destination but a state of allowing, of surrendering to the present and realizing that we already have everything we need.
Virtue, they say, lies in the middle, but who among us can truly say where the middle is? Is it a fixed point, or does it shift with time, perception, and context? Perhaps the middle is not a place but a way of moving, a constant balancing act between excess and deficiency. Maybe to be virtuous is not to reach the middle but to dance around it with grace.
All knowledge, it is said, comes from experience, but does that not mean that the more we experience, the wiser we become? If wisdom is the understanding of life, then should we not chase every experience we can, taste every flavor, walk every path, and embrace every feeling? Perhaps the greatest tragedy is to live cautiously, never fully opening oneself to the richness of being.
Friendship, some say, is a single soul residing in two bodies, but why limit it to two? What if friendship is more like a great, endless web, where each connection strengthens the whole? Maybe we are not separate beings at all, but parts of one vast consciousness, reaching out through the illusion of individuality to recognize itself in another.
If everything in this universe has a cause, then surely the cause of my hunger must be the divine order of things aligning to guide me toward the ultimate pleasure of a well-timed meal. Could it be that desire itself is a cosmic signal, a way for nature to communicate with us, pushing us toward the fulfillment of our potential? Perhaps the true philosopher is not the one who ignores his desires, but the one who understands their deeper meaning.
Friendship, some say, is a single soul residing in two bodies, but why limit it to two? What if friendship is more like a great, endless web, where each connection strengthens the whole? Maybe we are not separate beings at all, but parts of one vast consciousness, reaching out through the illusion of individuality to recognize itself in another.
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The essence of existence is like smoke, always shifting, always changing, yet somehow always present. It moves with the wind of thought, expanding and contracting, never quite settling but never truly disappearing. Perhaps to exist is simply to flow, to let oneself be carried by the great current of being without resistance.
The essence of existence is like smoke, always shifting, always changing, yet somehow always present. It moves with the wind of thought, expanding and contracting, never quite settling but never truly disappearing. Perhaps to exist is simply to flow, to let oneself be carried by the great current of being without resistance.
Even the gods, if they exist, must laugh from time to time. Perhaps what we call tragedy is merely comedy from a higher perspective, a joke we are too caught up in to understand. Maybe the wisest among us are not the ones who take life the most seriously, but those who can laugh at its absurdity and find joy even in the darkest moments.
Time is often called the soul of motion, the great measure of change, but what if it is merely an illusion? What if we are not moving forward but simply circling the same points, like the smoke from a burning fire, curling back onto itself, repeating patterns we fail to recognize? Maybe the past and future are just two sides of the same moment, and all we ever have is now.