{"id":82144,"date":"2024-06-21T18:10:20","date_gmt":"2024-06-21T22:10:20","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82144"},"modified":"2024-06-21T18:11:31","modified_gmt":"2024-06-21T22:11:31","slug":"tron-price-rally-continues-as-usdt-transactions-rises","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tron-price-rally-continues-as-usdt-transactions-rises\/","title":{"rendered":"Tron Price Rally Continues as USDT Transactions Rises"},"content":{"rendered":"\n

Tron's price has increased for the past three days as on-chain data<\/a> indicates that its ecosystem is operating well.<\/p>\n\n\n\n

\"Tron
Tron Price Rally Continues as USDT Transactions Rises<\/figcaption><\/figure>\n\n\n\n

On Friday, TRX surged to $0.1185, its highest monthly level. From its lowest point this month, it has increased by more than 7.65% as other altcoins like Ether, Solana, and Pepe have declined.
<\/p>\n\n\n\n

\"Tron
Tron Price Chart<\/figcaption><\/figure>\n\n\n\n

The 24-hour trading volume <\/a>of Tether (USDT) on Tron increased to more than $53 billion, per TronScan. This occurred when the number of holders increased to over 45.32 million and transfers to over 2.18 million. <\/p>\n\n\n\n

Over the past few months, there has been a significant increase in the quantity of USDT holders on Tron. According to data, the number was over 1.4 million in 2020 and over 25 million within the same time period in 2023. <\/p>\n\n\n\n

The amount of USDT transacted on Tron has surpassed the combined volume of the two largest payment processing firms in the world, Visa and Mastercard.
<\/p>\n\n\n\n

\n

The 24-hour trading volume of $USDT\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> on #TronNetwork<\/use><\/svg><\/span><\/a> 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<\/use><\/svg><\/span><\/a><\/p>— Lookonchain (@lookonchain) June 21, 2024<\/use><\/svg><\/span><\/a><\/blockquote>


Given that Tether is the most significant stablecoin, these figures indicate that Tron has emerged as a major force in the cryptocurrency market. Additionally, according to data from DeFi Llama, the amount of stablecoins available on Tether has increased dramatically to over $58 billion, or 51% of the total Tether supply. <\/p>\n\n\n\n

Despite its recent slowdown in growth, Tether is still a well-liked stablecoin, according to statistics. For instance, USDT has grown in popularity in Latin America over Bitcoin, as we reported earlier on Friday. <\/p>\n\n\n\n

More proof that Tron is succeeding is available. For instance, the majority of the total value locked<\/use><\/svg><\/span><\/a> (TVL) in its DeFi ecosystem, which is in JustLend, JustStables, and SUN, has increased to nearly $8.13 billion.\u00a0<\/p>\n\n\n\n

Tron is currently the second-most lucrative company in the cryptocurrency space. With more than $735 million in revenue this year, it comes second to Ethereum. Nevertheless, Tron may run into certain problems. <\/p>\n\n\n\n

The Securities and Exchange Commission<\/a> (SEC) brought fraud and other securities crimes charges against Justin Sun and others in 2023. It's unclear how the case will impact his network. The most recent was when Circle stopped supporting USD Coin on Tron.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tron’s price has increased for the past three days as on-chain data indicates that its ecosystem is operating well. On Friday, TRX surged to $0.1185, its highest monthly level. From its lowest point this month, it has increased by more than 7.65% as other altcoins like Ether, Solana, and Pepe have declined. The 24-hour trading […]<\/p>\n","protected":false},"author":43,"featured_media":82147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25],"tags":[886,1103,144],"class_list":["post-82144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-price","tag-tether","tag-tron"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1719007355944.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82144"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82147"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}