USDT issued on the TRON chain accounts for 50% of the total issuance.

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Cointime2024/01/20 05:31

By:Cointime

According to Messari's latest "Q4 2023 TRON Status" report, the market value of TRX has grown to $9.4 billion, an 87% increase YoY. Q4 revenue increased 14% in USD terms, from $105 million to $119 million. In 2023, only Ethereum and Bitcoin had higher revenue than TRON.TRON's total staked amount increased 4% YoY to reach 46.1 billion TRX. The utilization rate of Stake 2.0 continued to grow, with 30% of staked supply choosing this option. USDT on TRON performed strongly in 2023, growing 11% in Q4. As of the end of Q4, USDT issued on TRON accounted for 50% of total issuance.It is reported that stUSDT on TRON became the second-largest real-world asset (RWA) protocol in Q4, with over $2.2 billion USDT deposited in the protocol.

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