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" rel="noopener noreferrer nofollow">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 noreferrer nofollow" 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" rel="noopener noreferrer nofollow">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 fetchpriority="high" 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" rel="noopener noreferrer nofollow">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" rel="noopener noreferrer nofollow">Tron Surpasses Ethereum in Transaction Volume</a></h5>

Tron Surpasses Ethereum in Transaction Volume

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