The retail stablecoin boom drives the number of active wallets on Tron to a new high.

CN
9 hours ago

Blockchain data shows that, driven by strong retail adoption and the growing popularity of this high-speed, low-cost chain, more users than ever are currently transacting on the TRON network.

According to TRONSCAN data, the number of daily active addresses on TRON reached a record 5.7 million on Tuesday—surpassing the previous day's record of 5.4 million—while over 12.6 million transactions recorded on Tuesday marked the highest daily transaction volume since June 12, 2023.

The Nansen blockchain analytics platform stated on Wednesday on the X platform: "No headlines, no hype, just raw throughput. This is top network activity without any promotion."

Nansen's data shows that the number of daily active addresses on TRON grew by 69% over the past week, reaching nearly 11.1 million—this is the largest week-over-week change among major blockchains.

Although TRON's decentralized finance ecosystem is not as prominent as Ethereum (ETH), it facilitates between 15 million to 20 million Tether (USDT) stablecoin transfers weekly, making it one of the most common token and chain payment combinations in the crypto space.

The network is widely used in Africa, Asia, and South America—allowing local users to benefit from high-speed, low-cost dollar-pegged token transfers, while access to actual dollars in these regions is often limited.

Tether reached a milestone of 500 million USDT users on October 21, with its CEO Paolo Ardoino noting that this "may be the largest financial inclusion achievement in history."

The World Bank Group estimates that around 1.4 billion adults globally do not have bank accounts. Cryptocurrency has become one of the solutions to this problem, as anyone with a mobile phone can download a crypto wallet to receive and securely store funds.

According to CoinGecko data, USDT has a market capitalization of $183.2 billion, accounting for 58.8% of the market share, firmly maintaining its position as the largest stablecoin. Circle's USDC ranks second with $76.2 billion.

DefiLlama data shows that the Ethereum network hosts the most circulating USDT, reaching $83.4 billion, while TRON ranks second with $7.87 million.

Related: Avalanche Q3 Wrap-Up: Government Stablecoin Launch, $300 Million Hedge Fund Tokenization

Original article: “Retail Stablecoin Boom Drives TRON Active Wallet Count to New High”

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