Tron Beats Ethereum in USDT Transfers, But Which Has More Growth Potential, TRX or ETH?

Ethereum has been the benchmark blockchain network for years with many of its rivals aspiring to outperform it. Well, The Tron network has been doing just that in one of the key growth areas.

For years, Ethereum has served as the standard blockchain network, inspiring many competitors to achieve greater heights. The Tron network has been outperforming Ethereum in one of the key growth areas.

According to reports, Tron has been outperforming Ethereum since 2021, particularly in terms of stablecoin transfers.

For instance, total USDT transfers on the Tron network recently reached a new high of $22 billion. Meanwhile, total USDT transfers on the Ethereum network amounted to $2.6 billion.

Tron was outperforming Ethereum in terms of stablecoin transfers, but it was still slightly behind in terms of stablecoin dominance.

However, the Tron network is the only blockchain that has rivaled Ethereum in terms of dominance.

How Did Tron Surpass Ethereum in USDT Transfers?

Early on, Tron realized that stablecoins were essential for blockchain networks to grow rapidly.

Although any blockchain can hold value in the form of a cryptocurrency, moving that liquidity efficiently requires stablecoins.

This realization led Tron to prioritize partnerships with stablecoins. Tron ensured that gas fees were extremely low while Ethereum was still grappling with high gas prices, which contributed to network adoption.

Ethereum had the greatest share of the USDT stablecoin market cap, with 46.07%, followed by Tron with 42.29%.

The two have also been vying for the fastest rate of address growth. However, Ethereum has prevailed by a small margin.

Recently, Ethereum addresses with a balance peaked at 126.01 million, while Tron addresses with a balance peaked at 122.91 million.

Which Cryptocurrency, TRX or ETH, Has More Potential for Growth?

Ethereum prevails in several other aspects, but there are some that set it apart, particularly in terms of demand for ETH.

One of these aspects is its strong DeFi ecosystem, which contributes significantly to organic demand.

Ethereum has been around longer than Tron, which may have given it a substantial edge in adoption. This is reflected in its marketcap, which hovered around $394 billion.

Meanwhile, the Tron network was only at a fraction of the marketcap figure at the time of writing. At the time of observation, it had $21.06 billion in marketcap.

Despite Tron being miles behind Ethereum on multiple fronts, it is interesting to note that Tron was the 10th largest crypto network by marketcap.

TRX price action hit a new ATH in December following months of mostly positive growth. Meanwhile, ETH has underperformed.

Some may interpret this as a sign that ETH has a greater potential upside, especially given its lower circulating supply compared to Tron.

However, it already has a much larger marketcap, which may make TRX more appealing.

In the meantime, TRX has experienced a significant pullback and could be poised to continue its bullish momentum in 2025. Ultimately, time will tell which one will deliver the most gains.