The big one is coming? USDT cast 5 billion in TRON in one month
I have been idle these days and checked the stablecoins on TRON because I really want to understand why USDT is so sticky on TRON. As a result, I saw a transaction and TEDA issued another 1 billion USDT on Tron, which was 0Gas.
So I checked the supply of USDT on TRON. The current supply is about 68.7b, accounting for 46.5% of the total supply of USDT.
Then a month ago, USDT's supply on TRON was 63.7b, and in just one month, it issued an additional supply of 5b on TRON. Why?
First of all, we know that the additional issuance and destruction of USDT depends entirely on market demand. When the market needs USDT, USDT will be issued, and the cast public chain depends on demand. That is to say, more USDTs on TRON are used, so there will be frequent additional issuances.
I went to check the supply history of USDT in TRON and found something.
From the figure, we can see that USDT was in the second half of 2020 to the first half of 2021 during the rapid development period. In a year, it issued a supply of 25b in TRON, which was exactly the peak period of Defi Summer and the previous bull market.
But I think there is another reason why USDT is widely adopted in TRON?
That is low transaction fees and high transaction speed. TRON was first born to instantly kill the Ethereum main network in terms of performance and expenses, quickly seizing a place in the stablecoin market. With the rise and congestion of Ethereum network fees, Tron gradually surpassed the Ethereum network.
@justinsuntron @trondao #TRONEcoStar