On average, $20 billion in USDT is moved daily on the TRON blockchain. Of these amounts, approximately $2.5 billion to $5 billion are related to centralized exchange addresses, accounting for about 13% to 15% of all USDT transfers.
This distribution suggests a certain level of decentralization in the TRON network, especially concerning stablecoins. The remaining USDT transfers are distributed among decentralized exchanges (DEX), liquidity pools, Tether's treasury, retail transactions, and others.Interestingly, when the onchain volume of USDT increases, the price of TRX tends to follow suit, appreciating as well.
This might be related to the ease of trading between TRX/USDT across various platforms. Therefore, an increase in USDT transfers and volume can be seen as a positive signal for the price of TRX.
Written by joaowedson
