TRON (TRX) Network Activity Is Largely Driven by Stablecoin Transfers and Wallet-to-Wallet Transfers

TRON has become one of the leading blockchain platforms that is largely driven by the use of stablecoins and wallet-to-wallet transfers

Tron (TRX) has emerged as a dominant blockchain platform, largely fueled by the heavy use of stablecoins and wallet-to-wallet transfers, both key drivers of its network activity.

Lately, the platform has seen increased user engagement thanks to the introduction of zero-gas USDT transfers, rendering transactions more efficient and cost-effective for users.

According to data from Messari, over 99% of TRON’s network activities are derived from stablecoin transfers. A vast majority of these transactions are peer-to-peer, with users exchanging and buying tokens directly without any third-party involvement.

Moreover, Messari observed that a minimal portion of the transactions are channeled toward exchanges or utilized with DeFi protocols.

TRON (TRX) Witnesses Record Levels of Tether (USDT) Activity

In 2024, TRON (TRX) attained the highest level of Tether (USDT) activity. It processed an average of $17.9 million in token transfers, while DeFi and trading volume growth amounted to approximately $5.46 trillion.

Recently, these figures have escalated significantly, with TRON now reporting over 9 million daily transactions, encompassing more than 2.38 million in USDT transfers.

The transfer volume for USDT ranges from $14 billion to $28 billion within a 24-hour period, varying largely with market conditions. The chain is also gaining recognition for its deflating native token TRX, currently trading at $0.23. It has remained among the least volatile altcoins during the recent market downturn.

Despite having limited use cases beyond payments, TRON’s on-chain metrics have been steadily rising. The network still boasts one of the smallest DeFi sectors, and its meme tokens are confined to its native blockchain.