Tron’s USDT transactions surged to $110 billion weekly, topping Ethereum, due to low fees and easy access.
TRON’s price dropped by 1% in the last 24 hours, underperforming the broader cryptocurrency market.
Tron, the blockchain network renowned for its low transaction fees, has recently witnessed a significant surge in USDT (Tether) transactions, surpassing $110 billion in weekly volume during the first week of April. Blockchain analytics firm IntoTheBlock reported this milestone, which marks a notable increase compared to USDT settlements on other networks, particularly Ethereum.
The weekly USDT transaction volume on @trondao hit $110B last week, more than 2x what was settled on Ethereum.
Thanks to its low network fees, USDT on Tron has become a way for many people around the world to access the US dollar. pic.twitter.com/G2yPcWqjDw
— IntoTheBlock (@intotheblock) April 10, 2024
IntoTheBlock attributed Tron’s dominance in USDT transactions to its favorable ecosystem, characte
