With the blockchain community surging worldwide, it’s about time it became a part of the mainstream market. The statement is proved well and true by USDT that managed to surpass Ethereum recently.
Founded in 2017 by Justin Sun, TRON blockchain is now known as one of the biggest blockchain-based ecosystems worldwide. Despite its relatively short run in the market, TRON now boasts over 28 million accounts worldwide with a whopping 1.7 billion transactions. The feat is rather impressive since TRON has become the fastest-expanding public chain in its 4 years of operations.
An even more impressive achievement is that it garnered over 10 billion US dollars in the market cap. TRON doesn’t intend to stop here, as it has also targeted the DeFi market. The TVL (Total Value Locked) in TRON DeFi (Decentralized Finance) amounts to 13.6 billion dollars.
With TRON’s impeccable market performance, everyone’s speculating how it’ll fare in 2021, bringing us to the next topic.
Will 2021 be the Year of TRON?
Seeing TRON’s ongoing market performance, it’s fairly safe to say that it might rule the year. Overall, it took Tether (USDT) on TRON two years to outperform ETH (Ethereum) in both market cap and circulation.
The feat is quite impressive, given the market reach and experience of ETH. The gradual and well-deserved growth of USDT can be accounted for by its low transaction fees, which will pertain to its involvement. As long as Tether on TRON has the benefit of transaction fees on its side, it will smoothly sail through the year.
Tether on TRON becoming the most traded cryptocurrency in the global market might appear surprising, but its recent proceedings certainly attest to its performance. The blog has shed a brief light on USDT’s recent achievements and expectations in 2021. Read through to understand the subject and gain more knowledge.