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Author Topic: More people are using USDT TRC-20 over the ERC-20?  (Read 1935 times)

Noverteno

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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #15 on: July 14, 2021, 07:09:15 AM »
since the gas price on the Etherum blockchain has been very high already 2-3 years, then of course it is understandable why many people in the cryptocurrency field chose the Tron blockchain and not the Ethereum blockchain and this also applies to USDT.

Are you expecting to have the high gas fee for 2.-3 years , than it won't be continued for that long as London hardfork might solve the current gas fee problems after completing this hardfork in July. After that, we can also use the ERC-20 based USDT for interacting with Defi projects or Dapps. But if you're meaning that high gas fee is going on for 2-3years , than it isn't right because it's just going since 2020 when defi hype was started. TBH, USDT is now available on other L2 scaling solutions based blockchain where fee is more less than TRC20 based USDT.  ;)
I think that the ethereum network, as it is updated, will regain its status of the best platform and, in particular, the transaction fees in this network will again be low. However, for this coin, despite the fact that transaction fees on the ethereum network periodically return to normal, most of the participants in this market are still using USDT on the Tron platform, not ethereum. All this is temporary and normal. Users have the right to choose the most optimal options for their work with cryptocurrency.

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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #15 on: July 14, 2021, 07:09:15 AM »


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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #16 on: August 04, 2021, 04:15:41 AM »
Yes, this is so, and I do not see anything wrong with that. It is common knowledge that the ethereum network has experienced difficulties until recently through low bandwidth and high transaction fees. Therefore, many have chosen other platforms to use and this is quite normal. Already, these indicators are gradually returning to normal, a London hard fork is planned for tomorrow as part of a global update of the ethereum network, which, among the various five updates, should gradually resolve these issues. When ethereum is updated, participants in this market will again massively use this coin and its platform.

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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #16 on: August 04, 2021, 04:15:41 AM »
:)

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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #17 on: August 05, 2021, 12:41:28 PM »
Not have any doubt that most traders used TRC-20 blockchain for transaction and it is their favorite and cheap system for transaction. We can save more usdt for TRC - 20 and also we know the transaction fees on Eth network, it is toh much. Need minimum $10-20 usd for per transaction as a fees.     
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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #18 on: August 06, 2021, 11:59:08 AM »
Not have any doubt that most traders used TRC-20 blockchain for transaction and it is their favorite and cheap system for transaction. We can save more usdt for TRC - 20 and also we know the transaction fees on Eth network, it is toh much. Need minimum $10-20 usd for per transaction as a fees.     

TRC-20 is much cheaper and faster, and that is what users are looking for. Ethereum will remain the king of smart contracts, but that first place may not last long as they have a lot to improve. Yesterday the "London" hard fork was implemented on the Ethereum chain, but at the moment no big changes can be seen. We will have to wait a little longer to see those "magic" solutions as some said.
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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #19 on: October 11, 2021, 07:32:06 PM »
Yes i think more people are using USDT TRC -20  then ERC- 20.  Now a days trc-20 Is Very Popular. It's Transaction fee is very low from the Erc-20 Network. And Transection is very first then Erc-20. So i think more people are using usdt trc-20 wallet from erc-20 wallet.
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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #20 on: October 18, 2021, 04:20:39 PM »
No surprise here. I think everyone who trade and uses both TRC20 and ERC20 clearly knows which is better for traders and investors. Enormous fee on ERC20 has reached limit people boycott transactions in the protocol for alternatives like BCS, TRC20 and others. Overall, I mostly do BUSD and USDC a very few times. I don't need to pay hundred or dollars for fee.
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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #21 on: October 29, 2021, 10:12:18 AM »
Of course, more people are using USDT TRC-20 compared to ERC-20, since no one wants to overpay for commission. I do not understand why someone is so surprised.

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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #22 on: November 07, 2021, 09:12:13 AM »
It is also possible for investors to choose USDT which is on the ERC20 blockchain because there are indeed a lot of coins on the DEX that are paired with USDT of the ERC20 type such as UNIswap and 1inch. And if you look at the graph, the USDT TRC20 is not far from USDT ERC20.
But if the position is for stable coin withdrawals from CEX such as from Binance, Huobi, OkEx usually uses USDT with the TRC20 blockchain because the fees are so low when compared to USDT ERC20.

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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #23 on: November 09, 2021, 06:28:53 AM »
Are you expecting to have the high gas fee for 2.-3 years , than it won't be continued for that long as London hardfork might solve the current gas fee problems after completing this hardfork in July. After that, we can also use the ERC-20 based USDT for interacting with Defi projects or Dapps. But if you're meaning that high gas fee is going on for 2-3years , than it isn't right because it's just going since 2020 when defi hype was started. TBH, USDT is now available on other L2 scaling solutions based blockchain where fee is more less than TRC20 based USDT
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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #24 on: November 09, 2021, 02:14:28 PM »
People used USDT in TRC-20 coz of low transcation fees but now TRX fees are increase a lot like ERC-20. now trx fees more then 15 TRX. So now people use BSC network more then ETH and TRX

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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #25 on: November 10, 2021, 10:28:34 AM »
People used USDT in TRC-20 coz of low transcation fees but now TRX fees are increase a lot like ERC-20. now trx fees more then 15 TRX. So now people use BSC network more then ETH and TRX

That 15 TRX fee per transaction is nothing compared to the $34 for an ERC-20 transfer or the $105 for a swap on Uniswap. 15 TRX costs a little over $1 and I don't think it's expensive, it does not seem to me to be a sufficient reason for users to want to transfer their funds to another chain. The problem is still in Ethereum, Tron is a very good solution to that problem.
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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #26 on: November 14, 2021, 10:54:09 AM »
It's normal, you can't use USDT on ERC20 when the transaction fees are higher than 50 usd for one transaction, in contrast, in the TRON network, transactions fees do not surpass 1 usd.
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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #27 on: November 22, 2021, 09:22:07 AM »
Cheaper transaction fees that make USDT from TRC20 enjoyed by all cryptocurrency members because when referring to stable coins on the ERC20 network, the fees are very expensive and I feel very uncomfortable with transaction fees from ERC20.
If the TRC20 transaction fee is very cheap or around 1 USDT if withdrawn from a centralized exchange, then to be on the TRC20 network transaction it requires 1 TRON and 1 TRON is very cheap.

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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #28 on: November 24, 2021, 01:48:47 PM »
Of course we really don't want to pay high fee for transferring funds.. we should go to the cheap fee which is the tron network.. I'm glad that there is a USDT tron network.. It is very cheap compared to ethereum network..

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Re: More people are using USDT TRC-20 over the ERC-20?
« Reply #29 on: November 24, 2021, 05:59:00 PM »
I'm glad that there is a USDT tron network.. It is very cheap compared to ethereum network..

Not only that, we have more EVM chain or layer2 chain which has more cheaper fee compared to tron blockchain. But those aren't adopted by all exchange yet. So we just need to wait for the mass adoption of those blockchain.  :D
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