• USDT on TRC-20 total transfers hit 22 billion, outstripping ETH’s ERC-20 USDT at 2.6 billion.
• TRON ranked top among L1 blockchains by fee generated over the last six months

A comparative analysis of TRC-20 and ERC-20 USDT clearly showed TRON’s dominance in transaction volume since 2021. TRC-20 USDT transactions spiked, hitting 22 billion, while also dwarfing ERC-20’s 2.6 Billion.

This trend was consistent where TRC-20 showed peaks far exceeding those of its Ethereum counterpart.

Significant spikes in TRC-20 activity, especially noticeable in mid-2024, emphasize TRON’s advantage in terms of lower fees and faster processing times, attracting more users and exchanges for stablecoin transactions.

The marked increase in TRC-20 transactions during September, nearly doubling those on ERC-20, highlighted its efficiency and growing user base.

This robust performance by TRON supported its leading role in the stablecoin sector, underlining a sustained preference among digital asset operators.

TRON fee revenue and TVL

Furthermore, TRON’s fees generated over the last six months amounted to $1.36 billion, ranking it among the top Layer 1 blockchains ahead of Ethereum once again.

The growth in USDT transactions on TRON has continued robustly, with the transaction volume for TRC-20 USDT far outpacing that of ERC-20. This, despite the high average fees of $1.2, as Token Terminal noted on X.

This trend alluded to TRON’s increasing dominance in stablecoin transactions, favored for its faster processing times and security.

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Author: Lennox Gitonga

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