[Analysis] "TRON Network Tether Trading Volume Doubles Compared to Last Year"

Source
Doohyun Hwang

Summary

  • The trading volume of Tether issued on the TRON network has more than doubled compared to last year.
  • The average size of Tether transactions within TRON has significantly increased over the past 18 months.
  • The surge in trading volume suggests that investor activity on the TRON network is becoming more active.

The trading volume of the stablecoin Tether (USDT) issued on the TRON (TRX) network has more than doubled compared to last year.

On the 26th (local time), an analyst from the on-chain data analysis platform 'maartuun' stated, "The average transaction size of Tether on the TRON network has significantly increased over the past 18 months," adding, "The average transaction amount of Tether in December this year (9718 dollars) has more than doubled compared to June last year (4273 dollars)."

He further noted, "This surge in on-chain average transaction volume suggests that investor activity on the TRON network is becoming more active," predicting the potential for TRON's price to rise.

Meanwhile, TRON is trading at around 0.25 dollars on the Binance Tether (USDT) market, down approximately 1.3% from the previous day.

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Doohyun Hwang

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