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OAK Research: Plasma may expand USDT share through collaboration with Binance Earn, impacting the Tron ecosystem.
According to Wu, OAK Research indicates that the collaboration between Plasma and Binance through the Binance Earn product could further increase the TVL of Plasma USDT and may impact Tron. 98% of all fees paid on the Tron network come from USDT transfers; since surpassing the 90% threshold in 2023, the usage of USDT transfers on Tron has only dipped below this level twice in the past three years; the cumulative fees on the Tron network have reached 1.5 billion USD, almost entirely from this single use, yet the DeFi adoption rate on Tron remains low, with the only instance of on-chain activity generating fees close to USDT transfer fees being the launch of SunPump.