Summary
- Tron is rapidly expanding in the stablecoin ecosystem through its diverse user base.
- The transaction volume of Tron-based stablecoin remittances has surpassed $610 billion, with significant growth in large institutional transactions.
- Tron's low fees and fast transaction speeds are seen as attractive features for both individuals and institutions.
It has been claimed that Tron (TRX) is becoming a core infrastructure of stablecoins, backed by its diverse user base.
On the 25th (local time), BorisVest, a contributor to CryptoQuant, stated in a report, "Tron is expanding within the stablecoin ecosystem through its wide user base," adding, "Retail traders lead in transaction counts, while institutions take the lead in transaction volume."
According to the data, Tron recorded over 23 million small transactions under $10,000, indicating growth in retail users. In addition, the volume of Tron-based stablecoin remittances has exceeded $610 billion. Notably, transactions between $100,000 and $1 million and those over $1 million reached $195 billion and $215 billion, respectively. This suggests that large institutional investors also prefer moving funds via Tron.
The analyst assessed, "Tron is attractive to both individual users and institutions due to its low fees and fast transaction speeds," and concluded, "This increase in usage is making Tron the core infrastructure of stablecoins."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
