TRON Surpasses 15 Billion Cumulative Transactions Amid Stablecoin Frenzy
TRON's cumulative transactions have surpassed 15 billion, with the network experiencing explosive growth in terms of activity.
The platform attributed recent growth mainly to increased TRX transfers, which reached an average of 4.73 million daily during July.
This has led to a significant increase in stablecoin activity on the network, with TRC20-$USDT supply surpassing $90.2 billion and transfer volume exceeding $717 billion in July alone.
The growth in network usage is also reflected in the number of active addresses transferring USDT on the network, which peaked at 32.59 million in July.
Institutional capital injection has also contributed to the growth, with Tron Inc., a Nasdaq-listed treasury firm, acquiring 150,890 TRX tokens at an average cost of $0.3314.