TRON leads the blockchain space with the highest number of daily active addresses, averaging 2.1 million over the past seven days. Since the start of 2024, this activity has shown consistent growth, reflecting the increasing adoption and usage of the network. A key factor in this success is its outstanding activity with stablecoins. TRON has seen continuous growth in all metrics related to these coins, reaching a historic high in circulating supply at $60 billion, highlighting the trust and preference of users for TRON to handle stablecoin transactions.
Furthermore, TRON stands out for its volume of peer-to-peer (P2P) transfers, classified as those made between external accounts (EOA). TRON handles 2 to 3 times more P2P transfer volume than Ethereum, suggesting that it facilitates more payments and monetary transfers compared to DeFi activity. One of TRON’s main attractions is its ability to maintain low transaction fees. The average transaction cost on TRON is 90% lower than Bitcoin and more than 80% lower than Ethereum. These accessible fees have contributed to its widespread adoption, allowing users to transact efficiently and economically.
Given the large volume of stablecoins and P2P transfers, it is not surprising that the number one application on TRON is Tether (USDT), which accounts for 95% of active addresses among the top 10 decentralized applications (dapps) on the network. This dominance of USDT on TRON reflects the users’ trust in the network to handle large volumes of stablecoin transactions efficiently and securely.
Conclusion:
Thanks to its leading number of active addresses, dominance in stablecoin activity, superior P2P transfer volume, and competitive transaction fees, these combined factors make TRON the preferred platform for transferring Tether and other stablecoins in the current blockchain ecosystem.
