TRON Emerges as Leading Blockchain for Stablecoin Transactions, With Over 2.4 Million Weekly Active Addresses

TRON Emerges as Leading Blockchain for Stablecoin Transactions, With Over 2.4 Million Weekly Active Addresses

Crypto News – Defiant News, an independent DeFi news platform, recently shared a report on X (formerly Twitter), revealing that TRON has emerged as the leading blockchain for stablecoin transactions. TRON’s founder, Justin Sun, emphasized that the adoption of cryptocurrencies is still in its nascent stage, as he responded to a user’s inquiry about how TRON achieved this prominent position in stablecoin transfers.

The report in question drew upon data released by Peter Johnson, who serves as the co-head of Venture at Brevan Howard Digital. Johnson’s data showcased TRON DAO as the dominant network for stablecoin transfers, boasting an impressive 2.4 million active addresses on a weekly basis.

A portion of Johnson’s report, as shared by Defiant News, disclosed that the weekly active addresses within TRON DAO comprised 2,405,015 addresses for USDT (Tether), 5,165 for USDC (USD Coin), and 2,679 for TUSD (TrueUSD), summing up to a total of 2,412,859 active addresses for stablecoin transactions within the TRON network.

Notably, TRON’s weekly active address count is nearly twice that of its closest competitor, the Binance Smart Chain (BSC), which manages 1,375,699 addresses weekly, as reported by Johnson. The research also encompassed other stablecoin transfer networks, including Ethereum, Polygon, Optimism, Arbitrum, Fantom, and Avalanche.

TRON DAO, a community-governed decentralized autonomous organization, initially launched in 2017 as the TRON network, with the primary objective of facilitating the development of decentralized financial and social applications.

Over time, the TRON network has cemented its status as one of the foremost platforms for conducting stablecoin transactions, including USDT, USDC, and TUSD. The data released by Johnson highlighted the absence of BUSD addresses on the TRON network, with Ethereum and the Binance Smart Chain being the only networks supporting BUSD, with a majority of these addresses residing on the BSC chain.