The token saw a massive $587.2B in USDT transfers in November 2024, the highest ever.
Institutional users and large traders contributed most of the volume, driving demand.
TRON’s fast transactions and low fees continue to attract more users for high-value transfers.
USDT transfers on the coin reached a record-breaking $587.2 billion in November 2024, surpassing October's $489.3 billion total. This sharp increase highlights the growing demand for stablecoins and the increasing use of TRON as the go-to blockchain for large-scale transfers. CryptoQuant analyst JA Maartun reported the findings, noting TRON's pivotal role in stablecoin activity.
Source: Cryptoquant
Growing Volumes Show Rising Adoption
The steady growth in USDT transfers reveals how much the stablecoin market has expanded over recent months. Transfer volume grew from $424.4 billion in September to October’s $489.3 billion, then spiked to the record high in November. The surge demonstrates increased usage for both retail and large institutional transactions.
Whale-level transfers of $1 million and above contributed, reaching $139.9 billion in November. Large transfers between $100,000 and $1 million also played a role, accounting for $171.2 billion. These numbers reflect strong activity from institutions and high-value traders who trust TRON for secure, quick, and affordable transactions.
Why TRON Dominates Stablecoin Transfers
TRON’s success as the leading blockchain for USDT transfers stems from its efficient infrastructure. It offers low transaction costs combined with fast processing speeds, making it ideal for users managing large amounts. This advantage has pushed more users to favor TRON for stablecoin transfers over competing networks.
Analyst JA Maartun highlighted that TRON’s ability to handle growing transfer volumes without delays or increased costs makes it the preferred choice. Moreover, its scalability ensures that transaction performance remains stable even as activity continues to rise.
Institutions Fuel USDT Growth
The growing reliance on USDT highlights how institutions now prefer stablecoins for liquidity and safe cross-border transactions. Institutional adoption has fueled much of the transfer activity, leading to the sharp rise in total volumes. TRON’s efficient platform ensures these transactions remain smooth and cost-effective.
With the record $587.2 billion transfer volume in November, TRON is clearly positioned to dominate the stablecoin market. Analysts predict that stablecoin adoption will continue to rise in 2025 as institutional demand grows.
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