"Last Week's Surge in TRON Network Stablecoins"

Source
Son Min

Summary

  • It was reported that the supply of stablecoins on the TRON Network increased by $2.17 billion last week.
  • The supply on Ethereum and Solana also increased, but Avalanche saw a decrease of $66.22 million.
  • The increase and decrease of stablecoins by network could be an important indicator for investing in each blockchain platform.

Last week, the supply of Tether (USDT) and USDCoin (USDC) on the TRON (TRX) network saw a significant increase.

On the 28th (local time), Lookonchain announced on X (formerly Twitter) that "the supply of stablecoins on the TRON network increased by $2.17 billion over the past 7 days." The supply on Ethereum (ETH) and Solana increased by $1.1 billion and $382 million, respectively.

In contrast, Avalanche (AVAX) saw a decrease of $66.22 million, marking the largest outflow.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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