According to data from CryptoQuant, Tron’s stablecoin supply now stands at $61.1 billion, accounting for 37.9% of the total stablecoin market worth $161.1 billion.
Tron is the second largest blockchain in the stablecoin market, just behind Ethereum.
That’s a big increase from the $46.6 billion reported last year. Overall, the sector is still led by Ethereum with $89.7 billion, accounting for 55.7% of the total supply.
This increase is due to the latest transfer volume figures. Over the past 30 days, Tron’s transfer volume has increased by 5.1%. So far this year, the total is up 158% to $58.75 billion. In comparison, Ethereum transfer volume grew by 103%, while the BNB chain saw a 46.5% increase.
Additionally, Tron made $17.4 billion in stablecoin transfers on August 15, 2024, more than…
