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The Tron network’s stablecoin market is witnessing a clear leader. USDT has established itself as the primary asset for value transfers and trading. In fact, CryptoQuant’s latest analysis revealed the overwhelming dominance of USDT on the Tron network, which accounts for 98.5% of the total stablecoin supply. USDT’s Market Share on Tron With a circulating supply of $62.76 billion out of nearly $64 billion in stablecoins on the network, USDT has established itself as the cornerstone of Tron’s stablecoin ecosystem. Competing stablecoins hold only marginal shares, with USDC representing 0.06%, USDD at 1.15%, TUSD at 0.26%, and USDJ making up just 0.01% of the supply, as per the on-chain analytic platform’s findings . Notably, the supply of other stablecoins has remained stagnant since March 2024. The same cannot be said for USDT which continued to expand while solidifying its market dominance. Beyond supply, USDT also plays a crucial role in Tron’s liquidity. Its daily on-chain volume from centralized exchanges ranges between $4 billion and $5 billion, spiking during periods of high TRX price volatility. This indicates that USDT not only dominates the network’s stablecoin supply but also serves as a critical pillar for trading activity and value transfers across the Tron blockchain. Data from IntoTheBlock further revealed that the Tron network currently processes over 14 million USDT transactions per week, which represents 69% of all USDT activity. This figure is a notable increase from 61% in late January. Zero-Fee USDT Transactions on Tron Tether’s USDT stablecoin is set to introduce commission-free transactions on the Tron blockchain, according to Tron founder Justin Sun’s recent post on X. The Gas Free feature will allow USDT transfers without requiring TRX tokens for gas fees, making transactions more accessible. Sun invited wallets and projects to integrate the feature through JustLend, which happens to be Tron’s official lending platform. Tron has been known for its low-cost USDT transfers compared to Ethereum, but recent data shows it has become one of the most expensive networks for USDT, with gas fees ranging between $3.06 and $6.22 – significantly higher than Ethereum’s $0.14 fees. As such, the new Gas Free feature aims to restore Tron’s position as a cost-effective stablecoin network by eliminating the need for users to hold TRX for transactions. The post USDT Dominates Tron Network with 98.5% Share of Stablecoin Supply appeared first on CryptoPotato .
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$500 to a Fortune? BITCOIN and SOLANA Holders Are Rushing Into OFFICIALMAGACOIN Before It Hits $1!
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Bitcoin Recovers $7K Following Dump Below $80K, Ripple Gains 8% (Weekend Watch)
Bitcoin’s continuous price slump finally came to a halt after the asset plunged to $78,000, and it has managed to recover about seven grand since then. The altcoins are also well in the green today, with substantial gains from almost all of them. BTC Rebounds $7K It was a violent week , to say the least, for bitcoin and the entire crypto market. The primary digital asset challenged $100,000 the previous Friday but was quickly rejected after the hack against Bybit. The weekend was calmer, but the business week turned sour once again. By Tuesday, bitcoin had lost over ten grand since the weekend and more than $13,000 since Friday in a price slump to $86,000. After a minor dead-cat bounce to $89,000, the bears returned with another leg down that drove BTC to $82,000 on Thursday. The most painful decline came on Friday morning as the cryptocurrency plunged below $80,000 and all the way down to $78,200 (on Bitstamp), which became the newest three-month low and made February 2025 the worst in over a decade . Many industry experts warned that the worst is yet to come and that BTC could drop to $70,000 over the weekend. However, that hasn’t been the case so far. Just the opposite, BTC stands close to $85,000 after regaining $7,000 since yesterday’s low. Its market capitalization remains below $1.7 trillion, while its dominance over the alts is close to 58% on CG. BTCUSD. Source: TradingView Alts in Recovery Mode The alternative coins went through some massive crashes within the same timeframe but are well in the green on a daily scale now. Ethereum is above $2,200 after a 5% increase since yesterday, while BNB has neared $600 following a 4% surge. Ripple’s native token defended the $2 level and is up to $2.17 now after gaining 8%. More impressive price increases come from SOL (10%), DOGE (9.5%), ADA (7.5%), SUI (9%), and XLM (15%). HBAR, APT, BCH, ONDO, and TRUMP have also charted notable double-digit price gains since yesterday. The total crypto market cap has recovered roughly $200 billion and is up to $2.9 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Bitcoin Recovers $7K Following Dump Below $80K, Ripple Gains 8% (Weekend Watch) appeared first on CryptoPotato . Crypto Potato
