- Tron is trapped in Ethereum’s USDT rule thanks to low fees and strong support from major exchanges.
- Ethereum still attracts institutional interest, with daily active addresses and profitable whale activity.
A few years ago, Ethereum may have been the main home of USDT. But now the story is different. The fight has been hot since 2021, and Tron is slowly catching up without making a fuss.
Currently, according to Cryptoquant, Ethereum still has a slight USDT supply of around $74.5 billion. However, Tron follows closely at $73.7 billion. These numbers reflect the increasing concerns of industry players about efficiency and speed.
Source: Cryptoquant
Behind this shift is a number of things that Tron will become a new option for many. Ethereum gas fees, which can make pocket screams, are one of the triggers. However, not only that, but major replacements such as Binance, OKX, Bybit are also promoting the use of the TRC20 standard.
Even in the Asian market, Trons are increasingly being used for commercial trading. All these factors make Tron no longer underestimate.
Tron is more mature, Ethereum is still attractive
More specifically, Ethereum once managed almost all USDTs, especially in 2019. The proportions are almost even. Ethureum is about 50.26% and Tron is 49.73%. Not only who gets bigger, but who is more agile and efficient? Imagine if you have to transfer a large amount of stub coins and your gas bill would amount to a flashy dinner. You’re probably thinking it again, right?
What’s more, Tron is more than just low cost. CNF previously reported that Tron maintains daily block production efficiency of 99.7%. This stability is particularly important for networks, which are the backbone of Stablecoin transactions. Furthermore, their super representative (SR) system shows a healthy turn, reflecting rather competitive governance.
Meanwhile, Ethereum is not standing still. The latest data shows that daily active addresses have increased by 15%, surpassing 450,000. There was also one ETH whale that could turn its $21.7 million loss into a $21.7 million profit. What is his total asset value now? $104.5 million. This type of activity indicates that institutional interest in Ethereum has not ceased. In fact, it gets even hotter.
Interestingly, as previously reported, Ethereum is currently trading above realized prices. This means that many long-term holders, especially Binance users, are in a comfortable position. Vinance itself remains ETH’s main liquidity hub, even during a major portfolio shift.
However, Tron also shows an interesting pattern. Despite the recent decline in new wallets and transactions, many analysts see it as a build-up stage. Slowing activity does not mean weakening, it means preparing for the next surge.
