When we examine the total USDT transfer volume, we can clearly see that the Tron network has gained strength against Ethereum over the past 30 days.
Let’s take a look at the data (weekly total volume and percentage distribution):
November 17, 2024: $259 billion volume, ETH 42.39% - TRX 57.61%
November 24, 2024: $209 billion volume, ETH 37.73% - TRX 62.27%
December 1, 2024: $265 billion volume, ETH 41.17% - TRX 58.82%
December 8, 2024: $233 billion volume, ETH 37.74% - TRX 61.25%
December 15, 2024: $230 billion volume, ETH 35.65% - TRX 64.35%
A detailed review of the past month's data reveals that the Tron network has consistently increased its dominance in the market week after week.
Reasons Behind Tron’s Growth
The TRC20 network, which leads in transfer volumes within the stablecoin ecosystem, owes its success to low transaction fees and fast transfer capabilities. These factors stand out as key drivers of this growing dominance.
Conclusion
Tron has become the preferred network for USDT transfers by offering lower costs and faster transactions compared to Ethereum. The data suggests that Tron is not only expanding its user base but also solidifying its leadership in the stablecoin ecosystem. If this trend continues, Tron’s dominance in this space could grow even further.
Written by burakkesmeci
