USDT's Dominance on the TON Blockchain: What Does Tether’s 128K Transaction Volume Mean for TON?
In the past 24 hours, the most traded token on the TON blockchain was USDT. With approximately 128,000 transactions, USDT ranked first, followed by RabBitcoin with 61,000 transactions and NikolAI with 7,800 transactions.
But why are USDT transfers significant for the TON blockchain?
Tether (USDT) currently holds a market value of around $125 billion, dominating the stablecoin market with a 4.28% share.
As the most valuable and widely adopted stablecoin, Tether’s high transaction volume on any blockchain can positively influence that network’s adoption and growth. This demand not only fosters positive sentiment but also provides a steady revenue stream for the ecosystem through transaction fees. Thus, USDT’s leading transaction volume on the TON blockchain can be seen as a promising development for TON's adoption.
Tether appears to be positioned as a key player in TON’s ecosystem expansion.
Written by burakkesmeci