Tron Dominates USDT Transfers in August, Even As Ethereum Hits Record High

Ethereum recently achieved a record high of $504 billion in USDT transfers, driven by a strong month. However, Tron’s continued dominance persists as it processed over 687 billion USD in August, representing a 57.7% share of the total market volume. This marks Tron’s long-term stronghold over the stablecoin landscape despite Ethereum showing promising growth. The report suggests that the growing use of stablecoins across different networks, driven by factors like lower transaction costs and faster speeds, is contributing to Tron’s success.