TRON handles around 8 million transactions daily, primarily driven by stablecoin activity.
The increasing demand for stablecoins has fueled TRON’s market share growth despite Ethereum’s dominance.
Layer 2 scaling solutions can address the rising fees on blockchains like Bitcoin and Ethereum.
TRON is experiencing rapid growth in transactions and on-chain activity, making it a leading blockchain network. It now processes over 8.1 million transactions daily, surpassing both Bitcoin and Ethereum.
This surge in activity is primarily driven by stablecoin usage on the TRON network. However, the increased transaction volume has also led to a rise in transaction fees, now averaging $0.887.
With such growth, there is speculation about layer-2 scaling solutions, similar to those implemented on other blockchains like Ethereum.
TRON Gains Ground in the Stablecoin Market
Although Ethereum is still the leader in the stablecoin market, holding 49.1% of the total supply ($84.6 billion), TRON has established a significant presence with 34.8% ($59.8 billion) of the $144.4 billion market.
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