TRON hits record $587 Billion in USDT transfers, TRX rises 160%
Since the beginning of the year, TRX has grown by 160%
According to CryptoQuant data, TRON achieved a record-breaking USDT transfer volume of $587.2 billion last month.
This all-time high (ATH) highlights a significant surge in demand for stablecoins recorded in November, compared to $424.4 billion in September and $489.3 billion in October 2024.
TRON’s achievement is particularly noteworthy given that in July 2019, the network processed only around $73.8 million in USDT. Since then, its share has grown steadily, reaching $287.1 billion in May 2021, $315.5 billion a year later, and $462.6 billion in March 2024.
In terms of sender activity, May (10.2 million) and October (10.6 million) were the busiest months for the network this year.
The translation market is growing along with competition
Many analysts attribute the increase in stablecoin transfers to TRON’s key advantages, such as low transaction fees, fast processing times, and cost-effective remittance services.
At the same time, growing demand for TRON’s services has boosted the price of its native token TRX, which has risen over 160% since the beginning of the year to $0.28.
This success, however, may push Justin Sun’s network to face increasing competition from Ethereum Layer-2 solutions and other emerging blockchains.
Tron (TRX) has exhibited strong bullish momentum, breaking above its medium to long-term rising trend. This breakout indicates an accelerated growth rate, underscoring heightened investor confidence and growing market interest.
