The 24-hour trading volume of Tether (USDT) on the Tron Network has reached an impressive $53 billion. This figure surpasses the average daily trading volume of Visa. It was $42 billion in the first quarter of 2024, according to data shared by Lookonchain.
The 24-hour trading volume of $USDT on #TronNetwork is $53B, exceeding Visa's average daily trading volume.Visa's trading volume in Q1 2024 was $3.78T and the average daily trading volume was $42B. pic.twitter.com/jolGKIUcxE
— Lookonchain (@lookonchain) June 21, 2024
Visa Reports $3.78 Trillion Q1 Volume Amid Rising Tron USDT Activity
Another significant market player is Visa, which has reported $3. 78 trillion trading volume in Q1 2024. Nevertheless, from the last few days, Tron Network USDT has been increasing day by day and has a vast application in the crypto market.
Considering that the Tron Network has recorded a huge traffic of transactions. This signifies that USDT is being adopted for transactions and trading purposes. People are pulled by the opportunities that the application of the blockchain provides. These include fast and cheap compared to the traditional financial systems’ processing times, such as Visa.
Record Tron USDT Volume Marks Shift Toward Efficient Digital Payments
This milestone is a testament to the more complex world of digital payments and the ability of cryptocurrencies to challenge. Perhaps, it will overtake, traditional banking and finance players.
Lastly, the recorded $53 billion within 24 hours in trading volume on the Tron Network indicates the fast-growing and increasingly significant role of cryptocurrencies in global finance. The high activity of using USDT within the Tron Network indicates that a more efficient financial system that is now on the way.