🚀 Tron’s Tether Volume Rivals Visa's Daily Transactions Amid Crypto Slump 📉
Tron is making waves as the 24-hour trading volume of tether (USDT) on its network surpasses Visa’s average daily transaction volume. Data from Lookonchain reveals that on June 21, tether trading on Tron hit $53 billion, outstripping Visa's $42 billion daily average in Q1 2024.
Currently, 59 billion USDT tokens are issued on the Tron network, with 45.5 million unique addresses holding these tokens. The top ten holders account for 27.57% of the total supply, while the next 40 holders represent 6.14%. This far exceeds the 5.7 million holders of USDT on Ethereum.
Despite a broader crypto market downturn, Tron's native cryptocurrency (TRX) has shown resilience, gaining 2% over the past week. While many digital assets have suffered significant losses, Tron’s performance and its USDT activity continue to stand out. 🚀🌐