TRON recorded $320 billion in stablecoin transaction volume in June, accounting for 18% of the global market and ranking third among major blockchain networks, according to data cited by CryptoBriefing. During the same period, global stablecoin volume climbed to $1.79 trillion, up 63% from the previous period. Base and Ethereum led the ranking with $565 billion and $562 billion, respectively. TRON also processed more than 385 million transactions in June and logged 26.97 million active accounts. In mid-June, its average daily transfer volume briefly reached $166.87 billion. The report noted that TRON has remained a primary distribution network for USDT thanks to its relatively low fees, with more than $86 billion in stablecoin supply currently hosted on the network.
TRON ranks third in June stablecoin volume
According to data cited by CryptoBriefing and reported by Techub News, TRON posted $320 billion in stablecoin transaction volume in June, giving it an 18% share of the global market and placing it third among major blockchain networks. Over the same period, Base and Ethereum ranked first and second, with stablecoin volumes of $565 billion and $562 billion, respectively.
On-chain activity on TRON also remained elevated throughout the month. The network processed more than 385 million transactions in June, while active accounts reached 26.97 million. In mid-June, average daily transfer volume on the network briefly climbed to $166.87 billion, pointing to a sharp increase in stablecoin transfer demand during the month.
Globally, total stablecoin transaction volume reached $1.79 trillion over the same period, representing a 63% increase from the prior period. The report said TRON has continued to serve as one of the main circulation networks for USDT because of its relatively low transaction costs. It currently hosts more than $86 billion in stablecoin supply.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
