Recently, blockchain data analysis platform CryptoQuant released TRON chain analysis data on social media. The data shows that TRON network activities are mainly dominated by stablecoin USDT. In June 2024, USDT accounted for more than 99% of the total transfer volume of the top ten TRON contracts, with more than 57 million transfers.
In addition, the Tron version of USDT accounts for 53% of the total supply of USDT in the entire network, exceeding the Ethereum version of USDT.
In terms of holding distribution, most USDT holders on TRON are small holders. Among them, the number of holders with account balances below $1,000 reached 52.6 million, and this number is growing even during the 2022 bear market. In contrast, the number of holders with balances between $1,000 and $10,000 reached 359,000.
In terms of the proportion of transactions by amount, nearly one-third of USDT transactions on TRON are less than US$100, and small transactions less than US$10 account for 15% of the total transactions.
CryptoQuant is a leading provider of on-chain and market data analysis for institutional and professional cryptocurrency users. Previously, CryptoQuant announced the integration of TRON data. Through the platform, users can access a variety of indicators and analysis tools to obtain detailed insights into the dynamics of the TRON blockchain and provide reference for decision-making.
