News Formal

Ethereum beats Tron in Tether market share: What drove this change?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

Ethereum reclaims its position as the top blockchain for Tether (USDT), surpassing Tron with 44.56% of the supply.

According to recent market data, Ethereum now accounts for 44.56% of the Tether supply, slightly ahead of Tron’s 42.97%.

However, Ethereum’s resurgence can be attributed to its shift to a proof-of-stake mechanism following the Merge and subsequent upgrades that have significantly reduced gas fees. Ethereum continued to exhibit a steady upward trajectory, maintaining over 1.5 million daily active addresses, excluding smart contract interactions.On the other hand, Tron experienced a relatively volatile trend in active addresses, with significant spikes and troughs over time.

According to an analysis of the Dune charts, active addresses on Ethereum in the last 30 days are over 6 million, while Tron has over 40 million.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How massive USDT mints on Tron, Ethereum impacts market dynamicsUSDT minting have pushed Tether’s circulating supply to new highs, with a fresh $1B on TRON bringing the supply from $48.8B to nearly $62.8B.
Source: CryptoAmb - 🏆 22. / 68 Read more »