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Home»Crypto»Stablecoins on TRON Increase by $2,170,000,000 in Just Seven Days As Network Dominates Fee Game: On-Chain Data
Crypto

Stablecoins on TRON Increase by $2,170,000,000 in Just Seven Days As Network Dominates Fee Game: On-Chain Data

April 30, 2025No Comments2 Mins Read
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Stablecoins are experiencing a surge in value on the layer-1 blockchain Tron (TRX), as reported by the crypto tracker Lookonchain.

According to Lookonchain, the value of USDT and USDC on Tron has increased by $2.17 billion in the past week. USDT and USDC are currently the top two stablecoins by market cap.

Tether, the issuer of USDT, has minted an additional 1 billion USDT on Tron just on Monday, bringing the total supply of USDT on the chain to $71.7 billion. Since the end of January, Tether has minted a total of 12 billion USDT.

Lookonchain also reports that the value of USDT and USDC on Tron saw a $623 million increase in the week leading up to April 21st, and a $1.52 billion increase in the week leading up to April 14th.

Nansen, a multichain AI analytics platform, highlights that Tron has been dominating the fee game over the past 30 days, with Solana (SOL) closely following behind.


Source: Lookonchain/X

Nansen also notes that Tron has generated $11.7 million in fees in the past seven days, with Solana at $8.75 million and Ethereum at $4.75 million.

TRX is currently trading at $0.246. The 10th-ranked cryptocurrency by market cap has seen relatively stable trading in the past week.

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data days Dominates Fee Game increase Network OnChain Stablecoins Tron
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