TRON’s Rise in Stablecoins: A Sign of Growing Adoption and Business Use
- TRON DAO has become the leading blockchain ecosystem with the highest stablecoin transactions on Orbital.
- While TRON DAO boasts 97.62% of the total stablecoin transactions, Ethereum holds only 2.12%.
- The USDT addresses on TRON constitute 38.6% of all stablecoin transactions made over the last 30 days.
TRON DAO, the blockchain network founded by Justin Sun, has emerged as the dominant player in stablecoin transactions, far surpassing competitors like Ethereum and Binance Smart Chain. It witnessed the highest stablecoin transaction on Orbital, accounting for 97.62%.
Ethereum, the largest blockchain ecosystem by Total Value Locked (TVL), came in at second. Its stablecoin transactions pale in comparison to TRON’s, with a mere 2.12%.
While Ethereum maintains blockchain dominance with a 64.02% share and a TVL of $58.06 billion, TRON secures the second position with a TVL of $7.73 billion.
Recognizing TRON DAO’s leading position as a Tether (USDT) holder, the platform highlighted that over 50% of USDT’s issuance occurs on TRON. Tether is reportedly the largest stablecoin issuer, commanding a market dominance of about 75%.
Data from Allium indicates that USDT addresses on TRON account for 38.6% of all stablecoin transactions made in the last 30 days. Further emphasizing TRON’s dominance in USDT transactions, the platform stated:
“TRON is now the leading network for USDT transactions, reflecting its growing popularity and demand as a payment method. Its platform offers scalability and cost efficiency, attracting more businesses and users to its services.”
Other blockchain platforms in question include Solana, Binance Smart Chain, and Polygon, with stablecoin transactions constituting 0.21%, 0.05%, and 0.01%, respectively.
In terms of TVL, Binance Smart Chain ranks third with $4.81 billion, followed by Solana with $4.65 billion. Despite Polygon’s fifth-place standing in stablecoin transactions, it falls to ninth place based on its TVL of $862 million.
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