• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021

by
January 25, 2021
in Uncategorized
0
USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021

During the last two months, tether transactions have spiked considerably. More recently, however, USDT transactions on the Tron network have outpaced the number of tether transfers on the Ethereum blockchain. Despite a whole lot more ERC20-based tethers in the wild, the minted stablecoin using the TRC20 standard has seen a much larger transaction count all year long.

Related articles

Investment Manager Guggenheim Warns of Bitcoin Pullback, Calls It ‘Great Entry Point’ for Investors

April 11, 2021
Why ADA could run hotter than Bitcoin and make 10x gains

Why ADA could run hotter than Bitcoin and make 10x gains

April 11, 2021

Tether (USDT) is a dominant stablecoin and it is used on a great number of exchanges as the token is paired with nearly every digital asset that has a market value. USDT commands the third-largest market capitalization with a $24.9 billion valuation today.

During the last 24 hours market data shows that tether (USDT) has seen $17 billion in global trade volume. In the early days, tether was minted on the Omni Layer network but for the last four years, USDT tokens have migrated to other blockchains.

USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021
Every single day in 2021, TRC20-based tethers (USDT) have seen a higher transaction count than ERC20-based tether (USDT) tokens.

In 2021, USDT is issued on a myriad of chains including Ethereum, Tron, Bitcoin Cash, EOS, Liquid, Solana, and Algorand. A great majority of tethers are minted using Ethereum’s ERC20 standard, and these tokens have seen significant transaction counts in recent years.

However, this year has been a different story as the tether (USDT) transaction count stemming from the Tron network has been outperforming its ERC20 rival. Every single day in 2021, Tron-based tether (USDT) transaction counts (tx count) have been larger.

USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021
Tron captures more transactions than both ETH and BTC combined.

For instance, data from Coin Metrics shows the last count three days ago, TRC20 tethers saw 247,000 transactions while the ERC20 tethers saw 179,000 that day. Now even though TRC20 tethers have a larger tx count, the aggregated volume of ERC20 USDTs is still 2x more valuable in terms of settlement.

USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021
Median network transaction fee on the Ethereum blockchain on January 25, 2021.

TRC20-based tethers have beat Ethereum-based tether tx counts week after week for the entire year. Of course, cryptocurrency proponents suspect that the migration from Ethereum to Tron as far as accelerated transactions is likely due to rising ETH network fees.

Fees on the Tron network are near non-existent and Coin Metrics data shows the chain processes 3.1 million transactions per day in comparison to BTC’s 254,000+ transactions per day on January 24, 2021.

Ethereum transactions per day are currently over a million every 24 hours but the fees to transact with ether are much higher than the Tron network’s negligible transfer costs.

At the time of publication, the median transaction fee on the Ethereum network according to data from bitinfocharts.com shows fees are currently around $4.80 per transaction. There’s been a number of days in 2021, where ETH transaction fees have jumped above the $5 range.

What do you think about the number of transactions stemming from tether on the Tron network exceeding the tether transactions on Ethereum? Let us know what you think in the comments section below.

Share76Tweet47

Related Posts

Investment Manager Guggenheim Warns of Bitcoin Pullback, Calls It ‘Great Entry Point’ for Investors

by
April 11, 2021
0

Guggenheim CIO Scott Minerd has warned crypto investors about bitcoin’s pullback. He said bitcoin “clearly has gotten caught in a...

Why ADA could run hotter than Bitcoin and make 10x gains

Why ADA could run hotter than Bitcoin and make 10x gains

by
April 11, 2021
0

After breaking in the crypto top 10 by market cap and with 3.597% gains over the past year, Cardano (ADA)...

How Ethereum’s gas fees could be on a lasting downtrend

How Ethereum’s gas fees could be on a lasting downtrend

by
April 11, 2021
0

Anonymous developer of protocol Mist, Stephane, has sparked a debate over the possibility of a reduction in Ethereum gas fees....

Top 5 cryptocurrencies to watch this week: BTC, XLM, MIOTA, XMR, XTZ

by
April 11, 2021
0

Traders appear to be waiting for a trigger to start the next leg of Bitcoin's uptrend and if that happens,...

Romanian university plans to accept crypto payments for admission fees

by
April 11, 2021
0

The academic institution with a student body of roughly 11,000 said the addition of crypto payments was part of a...

Load More
  • Trending
  • Comments
  • Latest
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

February 6, 2021
Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

February 3, 2021

Mark Cuban Invests in Mintable

March 6, 2021
Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

February 17, 2021

Investment Manager Guggenheim Warns of Bitcoin Pullback, Calls It ‘Great Entry Point’ for Investors

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0

Investment Manager Guggenheim Warns of Bitcoin Pullback, Calls It ‘Great Entry Point’ for Investors

April 11, 2021
Why ADA could run hotter than Bitcoin and make 10x gains

Why ADA could run hotter than Bitcoin and make 10x gains

April 11, 2021
How Ethereum’s gas fees could be on a lasting downtrend

How Ethereum’s gas fees could be on a lasting downtrend

April 11, 2021

Top 5 cryptocurrencies to watch this week: BTC, XLM, MIOTA, XMR, XTZ

April 11, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Aave (AAVE)
  • Abra
  • Alt Season
  • altcoin
  • Altcoin Market Cap
  • Altcoin News
  • altcoin prices
  • altcoins
  • Altseason
  • Barstool Sports
  • Basic Attention Token (BAT)
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • Binance Smart Chain (BSC)
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • Bitcoin ETF
  • Bitcoin Futures
  • Bitcoin Miners
  • bitcoin network
  • Bitcoin Options
  • Bitcoin price
  • Bitcoin SV (BSV)
  • Bitfinex
  • BitGo
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • Cardano (ADA)
  • Cardano Upgrade
  • Cash app
  • CFTC
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Community
  • Chainlink Oracles
  • Chainlink Price Prediction
  • Changpeng Zhao
  • Charles Hoskinson
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • Commodity Futures Trading Commission
  • Consensys
  • Craig Wright
  • Crypto Exchanges
  • cryptocurrency
  • Dash (DASH)
  • Dave Portnoy
  • Decentraland (MANA)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Dogecoin (DOGE)
  • Electric Coin Company
  • Elon Musk
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Fees
  • Ethereum Futures
  • Ethereum Miners
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Filecoin (FIL)
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Grayscale Ethereum Trust (ETHE)
  • Grayscale Investments
  • Guide
  • Guides
  • Huobi
  • Institutional Investors
  • jack dorsey
  • Jay Z
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LINK)
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Maker (MKR)
  • Market
  • Michael Saylor
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • Moneygram
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • OKECoin
  • Other
  • Pantera Capital
  • Polkadot (DOT)
  • Polkadot Price Analysis
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Signal
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Square
  • Stimulus Bill
  • Stimulus Check
  • SushiSwap (SUSHI)
  • Tesla
  • Tether (USDT)
  • tether bitfinex lawsuit
  • Theta Network (THETA)
  • Theta Token
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Uniswap
  • UniSwap (UNI)
  • Wallets and Exchanges
  • WallStreetBets
  • Weiss Ratings
  • WhatsApp
  • World
  • Wrapped Bitcoin (WBTC)
  • XRP
  • XRP Army
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Youtube
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.