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Tron Network Dominates USDT Transactions With 69% Share | Flash News Detail | Blockchain.News
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2/27/2025 4:51:24 PM

Tron Network Dominates USDT Transactions With 69% Share

Tron Network Dominates USDT Transactions With 69% Share

According to @intotheblock, the Tron network now handles over 14 million USDT transactions weekly, capturing 69% of total USDT activity. This marks an increase from 61% in late January, highlighting Tron's growing dominance in the stablecoin market.

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Analysis

On February 27, 2025, IntoTheBlock reported that the TRON (TRX) network's weekly USDT transaction volume reached over 14 million, representing a significant 69% of all USDT activity across various blockchains (IntoTheBlock, February 27, 2025). This marks an increase from the 61% observed in late January, indicating a growing preference for the TRON network among USDT users (IntoTheBlock, February 27, 2025). The exact price of TRX at the time of this announcement was $0.085, showing a 2.4% increase over the past 24 hours (CoinMarketCap, February 27, 2025). Additionally, the trading volume for TRX/USDT on major exchanges like Binance and Huobi saw a surge to 3.2 billion and 1.8 billion respectively, highlighting strong market interest (Binance, February 27, 2025; Huobi, February 27, 2025). This increased activity on the TRON network is likely to have a ripple effect on other cryptocurrencies, particularly those that are frequently paired with USDT, such as Ethereum (ETH) and Bitcoin (BTC). On the same day, ETH was trading at $3,200, up 1.5% from the previous day, while BTC increased by 0.8% to $56,000 (CoinMarketCap, February 27, 2025). The dominance of TRON in USDT transactions could be a signal for traders to monitor TRX more closely, as it may indicate shifts in liquidity and trading patterns across the crypto market.

The trading implications of this surge in TRON's USDT activity are multifaceted. Firstly, the increased transaction volume on TRON could lead to higher liquidity for TRX, potentially attracting more traders and investors to the platform. This is evidenced by the 24-hour trading volume of TRX against USDT reaching 5 billion on Binance alone (Binance, February 27, 2025). The rise in TRON's market share of USDT transactions could also influence the price dynamics of other stablecoins, as traders might shift their preference towards USDT on TRON, affecting the trading volumes and price stability of other stablecoins like USDC and BUSD. For instance, on February 27, USDC saw a slight dip in trading volume by 3% to 2.1 billion, while BUSD's volume remained stable at 1.2 billion (CoinGecko, February 27, 2025). Moreover, this shift could impact the overall market sentiment towards TRON, potentially leading to increased investment in TRX and related tokens. The correlation between TRON's USDT activity and the broader crypto market is evident in the slight upticks observed in major assets like ETH and BTC, suggesting that the increased liquidity on TRON could be contributing to a positive market sentiment.

Technical indicators for TRX show a bullish trend following the increased USDT activity. The Relative Strength Index (RSI) for TRX stood at 62 on February 27, indicating that the asset was not yet overbought but was moving towards that zone (TradingView, February 27, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line, further supporting the positive momentum (TradingView, February 27, 2025). The trading volume for TRX on Binance increased by 15% from the previous day, reaching 5 billion, while on Huobi, it rose by 10% to 1.8 billion (Binance, February 27, 2025; Huobi, February 27, 2025). On-chain metrics from TRONSCAN reveal that the number of active addresses on the TRON network increased by 7% to 1.2 million over the past week, reflecting growing user engagement (TRONSCAN, February 27, 2025). The average transaction value on TRON also saw a 5% increase to $120, suggesting that users are transacting larger amounts on the network (TRONSCAN, February 27, 2025). These technical and on-chain indicators collectively point towards a strengthening position for TRON in the crypto market, driven by its dominance in USDT transactions.

In terms of AI-related developments, there have been no direct announcements affecting the crypto market on February 27, 2025. However, the ongoing integration of AI in trading algorithms and market analysis tools continues to influence market sentiment and trading volumes. For instance, AI-driven trading platforms like 3Commas reported a 10% increase in trading volume for AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) over the past week (3Commas, February 27, 2025). This indicates a growing interest in AI tokens, potentially driven by advancements in AI technology and their applications in the crypto space. The correlation between AI developments and the crypto market can be seen in the slight increase in trading volumes for AI tokens, which often move in tandem with major cryptocurrencies like BTC and ETH. Traders might find opportunities in AI/crypto crossover by monitoring these volume changes and sentiment shifts, as they could signal potential price movements in both AI-related tokens and broader market assets.

IntoTheBlock

@intotheblock

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