The remarkable change the TRON blockchain is going through confirms its strong presence in the cryptocurrency scene. Driven mostly by stablecoin transactions and a growing memecoin industry, recent data exposes a solid increase in network activity. Retail and institutional investors have drawn interest in the platform’s development from a basic blockchain to a multifaceted digital habitat. Related Reading: Final Dip? Dogecoin Correction Could Precede A Record Surge—Analyst Network’s Stablecoin Circulation Soars To Historic Highs Handling an impressive 60% of all transfers across blockchains, TRON has become the chosen avenue for USDT transactions. Although Ethereum still accounts for 47% of the entire USDT supply, TRON’s 43% share drives much more transaction activity. Two recent $1 billion USDT mints driving the stablecoin circulation to historic highs for the network highlight this efficiency. USDT balance on TRON is nearing its all-time high after two $1.0B mints last week “This surge in USDT supply suggests increasing demand… Large mints like these are often associated with heightened trading activity & institutional movement.” – By @JA_Maartun pic.twitter.com/bxNsHgyNE7 — CryptoQuant.com (@cryptoquant_com) February 7, 2025 Memecoin Mania Fuels Network Growth And Innovation SunPump’s launch was a major turning point in TRON’s history and ignited an innovative explosion within its ecosystem. With the support of a generous $10 million meme ecosystem reward program, developers have added over 94,000 additional coins to the network. Due to this spike in activity, TRON has done well, with daily active addresses rising by 20% yearly. Revenue Milestone Signals Market Maturity TRON’s annual revenue of $2 billion shows its rise to financial success. This milestone shows that more people are using the network for real-life uses, not just for numbers. The platform is now one of the top public layer-1 blockchains and ranks second in daily active addresses, just behind Solana. ✅Strong community activity ✅Strong market performance Top coins by LunarCrush AltRank™ 1 Tron $TRX 2 DOG (Bitcoin) $DOG 3 Fantom $FTM 4 Ondo $ONDO 5 Movement $MOVE 6 MEMDEX100 $MEMDEX 7 Ice Open Network $ICE 8 XYO $XYO 9 Velo $VELO 10 Clearpool $CPOOL ????View all coins by… pic.twitter.com/7y4XKP6Kon — LunarCrush Analytics (@LunarCrush) February 7, 2025 Related Reading: Shiba Inu Set For A 10-Fold Explosion? Analysts Predict 6,000% Surge Strong Social Engagement, Market Sentiment Lunar Crush analytics ranks TRON first in Altrank due to its strong social media and community presence. This attention is crucial for TRX, the network’s native cryptocurrency. Watching important market levels, technical experts see possible swings between $0.20 and $0.30. The high social indicators together with TRON’s increasing basic strength point to the network’s position for steady development. Featured image from Gemini Imagen, chart from TradingView
Stablecoin issuer Tether is advancing its AI initiatives with a focus on translating brain signals into speech. In a Feb. 6 post on X, Tether CEO Paolo Ardoino revealed that Tether Data’s research and development (R&D) team has built an electrocorticography (ECoG) plugin. This technology interprets neural signals, forming the foundation for brain-to-text communication. Initial tests […]
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Crypto analyst ProjectSyndicate has made a bullish case for the XRP price, which he predicts could record 40% gains soon enough. The analyst also revealed the price level, which he believes is ideal for market participants to buy and hold XRP. XRP Price Eyes 40% Gains As Analyst Reveals Key Level In a TradingView post, ProjectSyndicate predicted that the XRP price could witness a 40% move to the upside soon enough. This came following his analysis of XRP’s 4-hour chart. He noted that the outlook remains bullish despite the current pullback in progress. The analyst added that buying low is still a perfect trade setup with low risk. Related Reading: XRP Price Forms Descending Triangle On The Daily Chart, Why $1.95 Is Important Project Syndicate remarked that the price is currently in correction mode after the retest of the all-time high. He added that there is limited upside at the current market price of $2.50. In line with this, he asserted that the pullback isn’t complete and predicted that XRP could still drop to as low as $2 before it records the 40% gains that he predicted. Based on his strategy of buying low, he recommended that market participants should look to buy and hold the crypto when its price drops to $2. He also advised that they should take profit when XRP records the 40% gains as it rebounds to $2.80. The XRP price has suffered one of the worst pullbacks among the major caps amid the current bearish sentiment in the crypto market. As a result, XRP has also lost its spot as the third-largest crypto by market cap, dropping to number four behind USDT. However, amid this pullback, crypto analyst ColdBloodedCharter has also stated that now is a great opportunity to accumulate XRP. He highlighted $2.50, between $2.25 and $2.30, and between $1.90 and $2 as buy-the-dip levels that “make sense.” This Pullback Could Be The Final Low Before Liftoff In an X post, crypto analyst CasiTrades raised the possibility of this pullback being the final low before a price liftoff. She asserted that there has been no change to the overall bullish setup on XRP, although the crypto is now targetting Wave 3 down extensions at $2.16, $1.87, and $1.57 for the next major support. Related Reading: XRP’s Price Breakout Sets The Tone For A Historic Bull Run To A New All-Time High The crypto analyst opined that the XRP price is in the fifth wave of C within an ABC pattern for a large Wave 2. She added that the sell-off massively extended the asset past C targets, but the pattern still needs to be completed. With this development, CasiTrades stated that this means that XRP could be at the final low before a massive Wave 3 up begins. She added that this would send the altcoin past previous all-time highs (ATHs) with minimal resistance. At the time of writing, the XRP price is trading at around $2.45, down almost 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com
Tether CEO Paolo Ardoino has once again refuted claims that the company is developing its blockchain. On Feb. 5, Ardoino took to X to clarify that Tether has no intention of launching a blockchain, calling the speculation baseless. His statement addressed comments from crypto influencer Ansem, who was one of the many industry voices speculating […]
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Tether, the issuer of the world’s largest stablecoin, is expanding its artificial intelligence (AI) capabilities. On Feb. 4, Paolo Ardoino, the company’s CEO, revealed that the firm is working on several AI-driven applications while preparing to launch an open-source software development kit (SDK) platform. According to him: “Tether Data, preview of some of the AI […]
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For the past few months, stablecoins have yielded the spotlight to their more speculative counterparts, including tokens inspired by politicians. However, recent on-chain data suggests that stablecoins are back and have surpassed the $200 billion market cap. Related Reading: XRP $10 Price Tag Hinges On SEC Lawsuit Conclusion, Analyst Says According to the data shared by Alphractal, the segment’s capitalization has surged to $211 billion, a record high, thanks to months of stable growth, which started in mid-2023. Stablecoins‘ market capitalization grew by 73% from its August 2023 value of $121 billion, updated data released on January 31st show. The primary driver of this segment’s growth is still Tether’s USDT, however, USDC has been gaining ground recently, which is fascinating. ???? Stablecoin Market Cap Surpasses $211B – USDC Gains Momentum! Since 2023, the stablecoin market has grown significantly, mainly driven by USDT (Tether). However, recently, USDC has been gaining an edge over other stablecoins. This trend is occurring due to the recent drop in… pic.twitter.com/IRKrQErmCE — Alphractal (@Alphractal) January 31, 2025 Tether’s USDT Remains Primary Driver Of Growth Since 2023, the stablecoin market has grown steady, mostly due to Tether’s USDT. As of now, stablecoins are worth $223 billion, which is a 0.2% increase from yesterday. Interestingly, USDT and USDC are the present growth drivers of stablecoins. Apart from the numbers from both coins, the stablecoins group hasn’t changed much since 2023 and has shown steady and average values. Right now, Tether’s USDT is valued at almost $140 billion, and USDC is at $53 billion. USDC Slowly Gains Ground On Other Coins Alphractal’s post on Twitter/X shows that USDC has been gaining ground over other stablecoins in the market. According to the post, this is happening due to a drop in altcoin prices and since a substantial part of the sell-offs have been swapped into USDC. The post also showed that USDC’s dominance in this segment has hit a key resistance level, the same amount observed in 2021. This was the start of the bear market in 2022 when Bitcoin’s price dropped to as low as $15,500. If this metric persists, it can serve as the market’s bearish signal, impacting investors’ buying decisions. However, if this metric declines, it can be USDC’s jumping board to claim new highs. Related Reading: 21Shares Bets On Polkadot, Files For Spot ETF With SEC What To Expect From The Stablecoins Segment In The Short-Term In the last bull run, USDC’s supply increased in May, then reached its high in March 2022. The stablecoin’s market cap increased by 170% from April 2021 to March 2022. If the current coin supply continues to grow but price starts to dip, then the stablecoin market may hit its peak in a few months. Traditionally, a rising market cap for stablecoins reflects growing investors’ confidence, which signals an increase in capital inflows. On the contrary, a rising stablecoin market cap is usually associated with growing investor conviction, signaling the potential for boosted capital inflows. This suggests that the bullish momentum could continue for a few more months. Featured image from Gemini Imagen, chart from TradingView
This coincided with the launch of Donald Trump's memecoin $TRUMP which caused a wave of inflows to the network
The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of year-end.
According to a report from crypto exchange CEX.IO, stablecoin transfers reached $27.6 trillion in 2024, outpacing Visa and Mastercard’s combined transaction volume by 7.68%. The report pointed out that stablecoins consistently outperformed traditional payment providers throughout the year despite a dip in Q3 due to broader market slowdowns. This trend signals a shift in global […]
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Stablecoins are increasingly popular for everyday uses like payments, remittances and savings, and Tether's expansion aims to spur activity to the Bitcoin-based ecosystem.
Tether is touting its tokenization platform Hadron and its investment in Quantoz as part of its European strategy amid regulatory pressures that have led to USDT delistings under the EU’s Markets in Crypto-Assets (MiCA) framework. In a statement to CryptoSlate on Jan. 30, Tether confirmed its commitment to pushing Hadron and Quantoz while finalizing its […]
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Crypto.com will be delisting Tether’s USDT stablecoin by Jan. 31 as part of efforts to comply with Europe’s Markets in Crypto-Assets (MiCA) regulation, according to emails obtained by CryptoSlate. The exchange will also remove nine other tokens, including Wrapped Bitcoin (WBTC), DAI, Pax Dollar (USDP), PayPal USD (PYUSD), Crypto.com’s Staked ETH (stETH), Staked SOL (stSOL), Liquid […]
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The T3 Financial Crime Unit (T3 FCU)—a joint task force formed by Tether, TRON, and TRM Labs—has frozen $26.4 million in crypto tied to a large-scale European money laundering operation, according to a Jan. 27 statement shared with CryptoSlate. The operation, conducted in partnership with Spain’s Guardia Civil, represents the task force’s most significant milestone […]
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Amidst a momentary pause in the current crypto bull run, stablecoins have emerged as a potential factor capable of driving the market forward. Market analyst Burak Kesmeci has provided much insight on this possibility while highlighting the impressive market gains of these stable digital assets in recent times. Related Reading: Bitcoin Faces Short-Term Uncertainty as Exchange Inflows Surge and Tether Liquidity Drops Stablecoins Surpass All-Time High Market Cap Value Of $202 Billion In a new post on X, Kesmeci discusses the potential of stablecoins providing a much-needed boost to the crypto market amidst much uncertainty as evidenced by consistent range-bound movement by major assets. First, the crypto analyst notes that the stablecoin market cap has recorded a 65% gain from a local bottom of $123 billion in October 2023. At press time, these assets have seen their market shares exceed their previous all-time high of $202 billion recorded in August 2022. However, despite this gain, more data from IntoTheBlock shows that the stablecoins crypto market dominance has declined by 7.91% in comparison to Bitcoin and Ethereum, indicating investors’ preference for these riskier, volatile assets. Generally, a rise in stablecoin supply still remains a bullish sign as these assets represent an important source of liquidity for market traders. Due to their fixed price nature, traders often move their funds to stablecoins during periods of uncertainty which can easily be deployed into other cryptocurrencies later resulting in market rallies. However, Kesmsci notes that this current stablecoin liquidity surge alone would be insufficient to re-ignite the crypto bull run. This notion is because compared to the previous 2020-2021 bull cycle, stablecoins exchange inflows are still considerably weak, indicating investors’ hesitation to engage the crypto market. Kesmeci explains that this low investor risk appetite can be ameliorated by a fall in interest rates and an increase in quantitative easing which will allow excess capital to flow into cryptocurrencies via the stablecoins. Related Reading: Whales Snap Up 30 Million XRP As Ripple Launches Its RLUSD Stablecoin Stablecoin Market Overview In other news, Kesmeci further states Tether’s USDT remains the unchallenged leader of the stablecoin market with a market of $139 billion. This report proves impressive considering the recent FUD on USDT over reports of potential delisting due to MiCA regulations in Europe. The Circle USDC ranks second with $59 billion in market cap after an impressive 10% gain in the last month. Meanwhile, Ethana’s USDE has climbed to third place with market shares valued at $5.7 billion ahead of the premier decentralized stablecoin DAI. According to data from CoinMarketCap, the total stablecoin market is valued at $221.86 billion following a 0.28% gain in the past day. Meanwhile, daily trading volume is down by 29.93% and valued at $129.23 billion. At the time of writing, stablecoins represent 6.13% of the total crypto market. Featured image from Swyftx Learn, chart from Tradingview
Tron founder Justin Sun has outlined ambitious plans to revolutionize stablecoin transactions by eliminating fees. According to a Jan. 23 statement on X, Tron’s development team is creating a framework that would enable zero-cost transactions for stablecoins, aiming to boost the adoption of these assets. Sun previously announced similar plans in 2024 when he proposed […]
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Indian crypto exchange WazirX has frozen $3 million in USDT as part of efforts to recover funds stolen during a $230 million hack in July 2024. The platform confirmed this progress in a Jan. 17 update on X, saying this move showcases its determination to safeguard user funds and rebuild trust after the breach. It […]
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“For the moment we need regulatory clarity and guidance,” says Tether CEO Paolo Ardoino.
The stablecoin market, which is dominated by Tether and Circle, is worth more than $214 billion.
USDC’s massive growth in 2024 marked the stablecoin’s steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.
Despite broader bearish trends in the cryptocurrency market, Tron (TRX) has demonstrated resilience with notable growth in key metrics. Recent analysis from CryptoQuant contributors sheds light on Tron’s expanding ecosystem and revenue surge, presenting a compelling case for its role in blockchain technology’s ongoing evolution. One major highlight is the substantial increase in Tron’s daily on-chain revenue. According to the data shared by the analyst, Crazzyblockk, this rise has been driven by the network’s enhanced gas fee revenue and higher transaction volumes. Additionally, Tron’s price movement appears to be now becoming interesting as it approaches critical support and resistance levels, which could dictate its near-term trajectory. Related Reading: TRON Reclaims Its Crown With 43% Dominance In Altcoin Transactions Daily Revenue Growth Reflects Network Utility Tron’s daily on-chain revenue has grown by 119% since January 1, 2024, a metric closely tied to rising gas usage and increased transaction activity on its blockchain, according to CryptoQuant analyst Crazzyblockk. This surge as disclosed by the analyst highlights Tron’s scalability in “processing high transaction volumes” while maintaining “cost efficiency.” The revenue growth also highlights the network’s expanding adoption within the decentralized finance (DeFi) and smart contract ecosystems. The network’s ability to generate substantial gas fee revenue serves as a benchmark for blockchain performance, with Tron’s figures signaling growing user engagement and utility. The analyst wrote: The year-to-date revenue expansion signals increasing user demand and network utility, further solidifying Tron’s position as a leading blockchain for high-speed, low-cost operations. Crazzyblockk also suggests that this trend reflects the network’s economic viability and its strengthening position among blockchains optimized for high-speed and low-cost operations. Additionally, this development is especially significant as blockchain networks compete to attract developers and investors with notable decentralized applications. The analyst concluded by noting: With this explosive momentum in daily revenue, Tron is setting a new standard for blockchain economic models. Investors, developers, and users alike should keep a close watch as this trend continues to reshape decentralized finance and smart contract adoption. Tron Approaches Key Level Meanwhile, from a technical perspective, Tron has reached a critical level near its 1-Year Moving Average (MA) plus two standard deviations, at approximately $0.25. Darkfost another CryptoQuant analyst warned that failing to hold this level could result in a decline to its 1-Year MA support of around $0.15. However, the analyst highlighted Tron’s ecosystem growth offers optimism for long-term investors. Related Reading: TRON Founder Justin Sun Expected to Meet Trump as Potential Web3 Advisor The network has seen notable activity, including a sharp increase in the USDT volume on its blockchain, which rose from $8 billion in early 2023 to $27 billion by late 2024. This growth points to strong adoption and an influx of capital into the Tron network. Additionally, metrics like the Moving Average Convergence Divergence (MACD) indicate that TRX was recently oversold, a condition that in the past has often preceded bullish momentum. Featured image created with DALL-E, Chart from TradingView
Tether, the leading stablecoin issuer, is finalizing its plans to move its global headquarters to El Salvador after obtaining a Digital Asset Service Provider (DASP) license, according to a Jan. 13 statement. Tether explained that El Salvador, the first nation to adopt Bitcoin as legal tender, has positioned itself as a global hub for digital […]
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The stablecoin behemoth is setting up shop for the group and its companies in the nascent crypto hub.
Stablecoin issuer Tether has taken an unusual step in expanding its artificial intelligence (AI) business by hiring professionals in AI filmmaking, Bloomberg reported. According to Tether’s careers page, the AI Filmmaker role involves using AI-driven photo and video tools to create engaging short films and videos. These productions aim to tell compelling stories, showcase products, […]
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Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi.
Agora's AUSD is the latest entrant into the burgeoning stablecoin market.
Tether USDt’s trading has wiped $100 billion since mid-December, but it “may be premature to turn bearish,” according to Matrixport.
The Aave community has pushed back against the proposal, questioning whether it addresses the core risks.
XRP previously overtook USDT on Dec. 1 when it climbed past both Solana and Tether’s stablecoin.
The stablecoin is also more widely distributed across blockchain networks.
“Cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets,” Tether CEO Paolo Ardoino said in April.