Ethereum

Stablecoin

Impact

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/tron-surpasses-ethereum-in-transaction-volume/" data-wpel-link="internal">Tron Surpasses Ethereum in Transaction Volume</a><br></p>
<p style="text-align: justify">Recently, the increase in the number of transactions on <strong>Tron</strong> has reached a remarkable level. According to analytical <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data shared</a> by Lookonchain on the X social media platform, Tron surpassed <a href="https://en.coin-turk.com/analysis-of-ethereum-charts-and-notable-formations-in-eth-btc-pair/" data-wpel-link="internal">Ethereum</a> by 230.6%, achieving a total of 8.1 billion transactions. In contrast, Ethereum remained at only 2.45 billion transactions. This difference can be explained by the rapid growth and increasing usage of Tron’s Blockchain.</p> 
<h2 style="text-align: justify" id="the-impact-of-usdt-stablecoin-is-clearly-seen">The Impact of USDT Stablecoin is Clearly Seen</h2> 
<p style="text-align: justify">The increase in Tron’s transaction volume is largely attributed to the popularity of <strong>USDT</strong>. USDT is used on various Blockchains, including both Ethereum and Tron. However, USDT transactions on Tron are much cheaper compared to Ethereum. This makes Tron more attractive for users who want to minimize transaction fees. As a result, Tron’s daily transaction volume surpassed Visa’s, reaching $53 billion, while Visa’s daily transaction volume remained at $42 billion.</p> 
<p><img decoding="async" class="wp-image-373409 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/lookonchain-1.png" alt="" width="607" height="522"></p> 
<p style="text-align: justify">Despite Tron’s rise, <strong>Ethereum</strong> has recently been in the spotlight with the launch of spot Ethereum exchange-traded funds, or spot Ethereum ETFs. These ETFs are considered a significant milestone for Ethereum’s presence in <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">financial markets</a>. In the first trading days, a total of $1.112 billion flowed into Ethereum ETFs. The majority of this amount was attracted by BlackRock’s ETHA ETF, which saw an inflow of $266.5 million. The Bitwise ETF ETHW obtained $204 million.</p> 
<h2 style="text-align: justify" id="social-and-financial-impacts">Social and Financial Impacts</h2> 
<p style="text-align: justify">The launch of Ethereum ETFs generated significant interest on social media and in the media. This interest also contributed to a 3.4% increase in the Ethereum-Bitcoin trading pair. However, some analysts like <strong>Anthony Pompliano</strong> have expressed doubts about whether Ethereum ETFs will attract as much investment as <a>Bitcoin</a> ETFs. Bitcoin ETFs had attracted large amounts of investment after their launch.</p> 
<p style="text-align: justify">Tron’s superiority in transaction numbers and Ethereum’s innovative steps in financial markets highlight the different paths these two Blockchains are taking. While Tron focuses on transaction efficiency to attract users, Ethereum is striving for broader financial adoption. These differences will determine how each Blockchain progresses in their respective fields and the paths they will take in the future.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/tron-surpasses-ethereum-in-transaction-volume/" data-wpel-link="internal">Tron Surpasses Ethereum in Transaction Volume</a></h5>

Tron Surpasses Ethereum in Transaction Volume

Table of Contents

COINTURK NEWS

Andre artikler udgivet 24. jul. 2024

Solana Hits $170, Bullish Channel Formation Indicates Possible Rally

Worldcoin Denies Insider Trading, Commits to Zero Tolerance Policy

Paris 2024 Olympics: Major Economic Boost for France!

BTC Price Gear Up for $80k Rally Amid Miners Recovery and Whale Buying

Daily Cipher and Combo Code of Hamster Kombat: 25 July 2024

New Cryptocurrency Releases, Listings, & Presales Today – Music Protocol, Qoda Finance, Q Protocol

Join our free newsletter for daily crypto updates!