Tron Network’s USDT trading volume has reached an impressive $53 billion within a 24-hour period, surpassing Visa’s average daily trading volume. Data from Lookonchain reveals that Visa’s trading volume in the first quarter of 2024 was $3.78 trillion, with an average daily volume of $42 billion.
The rise in USDT activity on the Tron Network is significant, considering the dominance of Visa in the market. However, the last few days have seen a surge in Tron Network USDT transactions, indicating its growing popularity in the crypto market.
The increasing adoption of USDT for transactions and trading purposes highlights the appeal of blockchain technology, which offers fast and cost-effective alternatives to traditional financial systems like Visa.
This milestone not only showcases the potential of digital payments but also poses a challenge to traditional banking and finance players. Cryptocurrencies like USDT have the capability to revolutionize the financial industry.
The remarkable $53 billion trading volume on the Tron Network within 24 hours signifies the rapid growth and increasing importance of cryptocurrencies in global finance. The widespread use of USDT within the Tron Network indicates the emergence of a more efficient financial system.
