Did you know that USDT activity on Ethereum and Tron are almost at Par?
Tether (USDT) is the most actively used stablecoins.
As of August 6, there was over $62 billion of USDT in circulation across all platforms.
There is a misconception that Ethereum--being the king of smart contracting and DeFi--is the only indisputably active network. To some degree, this is valid. However, did you know that Tron sometimes comes on top of Ethereum in activity density?
Admittedly, there is a lot of value generated in Ethereum being the platform of experimentation of almost all exciting innovations that define blockchain.
Tron, on the other hand, is tightening its grip as a gaming platform. Ethereum may lead in DeFi but is miles behind Tron as a host of low-fee-dependent, heavy dApps in gaming.
Combined with Tron's EVM compatibility, Tron Foundation's support of projects, and the network's high scalability, the dPoS platform is one of the most active, reflecting on the amount of USDT minted.
As of August 6, roughly $31 billion of USDT were circulating in Tron, almost the exact figure in Ethereum reading from their respective explorers.
Unlike Ethereum, Tron's USDT complies with the TRC-10 standard. Besides, all transactions are near free since network fees are near negligible.
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