#Will Bitcoin Spot ETF be approved before Jan 10? Tron’s Balancing Acts: USDT Dominance Peaks as DeFi Experiences a Renaissance: ReportStablecoin total value locked (TVL) on the Tron blockchain experienced a slight decline in the early part of the second half of 2023 but ultimately surged to reach record highs of approximately $48 billion.
This is according to a recent report by Reflexivity, which revealed that around 94% of this total value belonged to USDT.
Tron Emerges as Top Choice for USDT Reflexivity Research stated that Tron has maintained its position as the leading blockchain for USDT, surpassing the Ethereum mainnet by approximately 8% in terms of TVL.
Tether, among the earliest fiat-backed stablecoins in the crypto market, initially launched on Bitcoin’s Omni chain, later expanded to Ethereum, and is currently predominantly present on Tron and Ethereum.
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#Will Bitcoin Spot ETF be approved before Jan 10? Tron’s Balancing Acts: USDT Dominance Peaks as DeFi Experiences a Renaissance: ReportStablecoin total value locked (TVL) on the Tron blockchain experienced a slight decline in the early part of the second half of 2023 but ultimately surged to reach record highs of approximately $48 billion.
This is according to a recent report by Reflexivity, which revealed that around 94% of this total value belonged to USDT.
Tron Emerges as Top Choice for USDT
Reflexivity Research stated that Tron has maintained its position as the leading blockchain for USDT, surpassing the Ethereum mainnet by approximately 8% in terms of TVL.
Tether, among the earliest fiat-backed stablecoins in the crypto market, initially launched on Bitcoin’s Omni chain, later expanded to Ethereum, and is currently predominantly present on Tron and Ethereum.