Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => TRON (TRX) Forum + Ecosystem => Topic started by: trendcoin on January 28, 2021, 10:02:26 PM

Title: Tether Use on Tron Passes Ethereum as Low Fees Attract Small Transactions
Post by: trendcoin on January 28, 2021, 10:02:26 PM

Quote

(https://static.coindesk.com/wp-content/uploads/2021/01/eth-trx-1-710x458.png?format=webp)

The number of tether transactions on the Tron blockchain have passed Ethereum’s count for three consecutive weeks as fees on the number two blockchain remain high.

Total weekly tether (USDT, -0.09%) transactions on Ethereum have held steady at around 1.5 million for the past four weeks. But on Tron, transactions per week have grown from roughly 900,000 in mid December to nearly 2 million the second week in January, per Coin Metrics data.

https://www.coindesk.com/tron-ethereum-tether-transaction-count-volume-data


Tether transfers are heading towards the tron network, as transactions on the ethereum network are abnormally expensive. Do you prefer the trc20 usdt option in your inter-exchanges transfer business? what do you think about the effect of this situation on Tron?

Title: Re: Tether Use on Tron Passes Ethereum as Low Fees Attract Small Transactions
Post by: Arkann on January 29, 2021, 01:35:10 PM

If many users use Thron, like me, to store USDT on the platform for various financial transactions that cost me significantly less than Ethereum transactions, then this is how the increase in the number of USDT transactions in the Tron network can be explained. But this only applies to the turnover of USDT in the cryptocurrency market.