Showing posts with label Ethereum. Show all posts
Showing posts with label Ethereum. Show all posts

Die Anzahl der aktiven Adressen von Tether (USDT) auf TRON (TRX) und Ethereum (ETH) erreicht 6 Millionen


 

  • Die Anzahl der aktiven Adressen von Tether (USDT) auf Tron und Ethereum ist auf jeweils 3 Millionen gestiegen
  • Viele Händler nutzen jetzt die Tron-Plattform, die erheblich niedrigere Transaktionsgebühren bietet
  • Laut Tron wird seine Plattform weiter wachsen, solange die Krypto-Industrie ein verstärktes Wachstum erlebt 

 

Daten von CoinMetrics zeigen, dass die Gesamtzahl der aktiven Adressen für Tether (USDT) Stablecoin 6 Millionen überschritten hat.

Der Gründer von Tron und CEO von BitTorrent, Justin Sun, kommentierte das Wachstum der Plattform. Er erklärte, dass USDT weiter wachsen werde, wenn der Kryptoraum weiter wächst.


„[…]Tron ist gut positioniert, um die globale Abrechnungsebene und das Blockchain-Protokoll der Zukunft zu werden“, fügte er hinzu.

6 Mio. aktive USDT-Adressen auf Tron und Ethereum

Beobachter haben festgestellt, dass Anleger TRON aufgrund der niedrigeren Transaktionsgebühren der Plattform möglicherweise bevorzugen.

Der Chief Technology Officer von Tether und Bitfiex, Paolo Ardoino, verriet, dass die 6 Millionen Tether-Adressen gleichmäßig zwischen Tron und Ethereum verteilt sind, wobei beide jeweils 3 Millionen Adressen haben.

$USDt hat jetzt 6 Mio. aktive Adressen überschritten, 3 Mio. auf #Ethereum, 3 Mio. auf #TRON„, tweetete er.

Viele Kryptohändler waren frustriert über die hohen Transaktionsgebühren bei Ethereum, die zu einer verstärkten Nutzung der viel billigeren Tron-Plattform führte. Immer mehr Händler verwenden jetzt Stablecoin während des Handels, um aus kurzfristigen Trades auszusteigen.

Die Marktkapitalisierung von Tether steigt exponentiell an

Die Marktkapitalisierung von Tether ist ebenfalls exponentiell gewachsen. Der aktuelle Wert liegt bei 47,4 Mrd. $ nach 4,3 Mrd. $ zu Jahresbeginn. Der Stablecoin hat auch ein enormes Wachstum in der Anzahl seiner Token-Inhaber verzeichnet.

Die Daten zeigen auch, dass die Gesamtmarktkapitalisierung für Tether (USDT) auf Tron die Marktkapitalisierung auf Ethereum (ETH) überschritten hat. Zum Zeitpunkt des Schreibens beträgt die Marktkapitalisierung von USDT auf TRON (TRX) 24 Mrd. $, während die von Ethereum mit 23,4 Mrd. $ leicht zurückliegt.

 

TRON (TRX) marginally ahead of Ethereum (ETH) for total USDT usage

 

TRON (TRX) marginally ahead of Ethereum (ETH) for total USDT usage

  • The numbers of USDT transactions on Tron have surpassed the USDT transaction volume on Ethereum.
  • Ethereum still tops Tron in terms of market capitalization but Tron is closing the gap on other metrics.
  • High transaction fees on ETH is driving users towards the adoption of Tron as a more feasible alternative.

Tron (TRX) is evolving as the fastest-growing blockchain for USDT issuance. According to Tron Foundation Chief Executive Officer Justin Sun, over $12.4 billion Tether (USDT) has been issued on the Tron network.

As a result, the number of transaction counts on TRC20-based USDT is now higher than transactions on ERC20-based tokens.

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The latest chart by data aggregator CoinMetrics revealed that Tron had more transactions than bother Bitcoin (BTC) and Ethereum (ETH) combined.

USDT usage on Tron rises steadily

The first-ever issued USDT on the Tron blockchain was 10 USDTR, and it was issued in April 2019. Forward to this moment, the number has increased by several multiple folds.

USDT is also issued on several other chains, including Algorand, EOS, Solana, Liquid, and Bitcoin Cash.

When it comes to market capitalization between Tron and Ethereum, the latter is still far higher. But in terms of stablecoin usage, both are pretty close to each other.

Before 2021, the minted USDT using Ethereum’s ERC20 received the highest transaction. But that has changed now, as Tron has marginally taken the lead this year.

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Transation fees cut down Ethereum’s dominance

The level of Defi usage and application is increasing at an interesting rate. With Ethereum blocks are getting congested with transactions, while users are being chased away with high transaction fees.

As a result of these issues, users are increasingly considering Tron as a better and cheaper alternative.

While Ethereum is larger than Tron by an impressive margin, more users are beginning to take USDT as a more viable option for them.

More users now invest in Tron (TRX) and prefer using the network because it offers extremely low transaction fees

USDT was the first to be created when stablecoins came into existence in 2014. It has grown to become the largest stablecoin in the world. They are very attractive to certain types of investors because they are usually less volatile than other types of tokens since they are pegged against the dollar.

Lindsey Lohan’s Affair With Bitcoin Is Over. It’s Tron’s Turn Now

 

Lindsey Lohan’s Affair With Bitcoin Is Over. It’s Tron’s Turn Now

Lindsay Lohan has been diving into DeFi over the last 24 hours. No, not with Ethereum—with Tron.

By Jeff Benson

3 min read

 

 

Yesterday, actress and musical artist Lindsay Lohan publicly discovered Bitcoin. Well, sort of. She auctioned off an Ethereum-based NFT on digital collectible marketplace Rarible after predicting and/or demanding, “Bitcoin to the moon.”

Over the following 24 hours, several of her 8.4 million Twitter followers and assorted onlookers painstakingly pointed out that Bitcoin is not Ethereum, which is where that non-fungible token resides—along with a whole slew of decentralized finance (DeFi) applications that allow people to lend funds, earn interest, and swap assets without going through a financial institution.

And now, guys, Lohan totally gets it. She’s been looking into the amazing things that non-Bitcoin blockchains have to offer and she’s come away a big fan of...Tron.

“Exploring #DeFi and already liking $JST, $SUN on $TRX,” the starlet tweeted today. “Super fast and 0 fee. Good job @justinsuntron”

Tron, led by wealthy founder and CEO Justin Sun, has positioned itself as an Ethereum competitor. Tron boasts the ability to process about 100x more transactions at a time than Ethereum, no small feat as DeFi apps become increasingly popular. 

The 66 Ethereum protocols and platforms tracked by DeFi Pulse currently have $40 billion in value locked into them, an indication of how widely they’re used. That represents a record and a 100% increase since the first week of January.


 

Tron has tried to get in on the fun. Last year, Sun went on a marketing blitz to drum up users for his blockchain’s DeFi system. 

"We are creating the same kind of DeFi ecosystem as Ethereum," Sun told the LA Blockchain Summit. "All the Ethereum network products, you can see a same version of Tron products. For example, the MakerDAO on Tron is called JustStable, created by the JUST team. And UniSwap is called JustSwap."

But Tron is in decline, according to a recent report by VC firm Outlier Ventures. It wrote: "Ethereum killers Tron, EOS, Komodo, and Qtum are seeing a decrease in core development metrics." Tron had a net loss of core developers last year, a sign that its DeFi offerings aren’t translating to increased interest in the network.

Additionally, Sun and Tron have attracted attention for many of the wrong reasons. Sun has been accused of plagiarizing from the Ethereum whitepaper; Bram Cohen, who created BitTorrent, which Tron bought, accused Sun of withholding payment for the acquisition. And an expose by The Verge in September 2020 ripped Sun as a crypto tyrant, using interviews with anonymous employees.

To crypto newcomers like Lohan, however, that history (or FUD, for those who back Sun) is likely yet to be discovered. Tron is just Ethereum with more marketing.

Tron’s marketing emphasis has several people wondering if Lohan was paid for the post. (Tron has not replied to a Decrypt request for comment). If she didn’t get something before, she might in the future: Justin Sun responded to her tweet by asking for her address. “I may send you something,” he wrote. 



TRON is becoming the first deflation crypto? TRX week-over-week gains pass 50%


 

  • TRON has ended its upswing after failing to break the $0.6 mark.
  • The influx in price is caused in by the protocol upgrade, which is most likely already priced in.
  • TRX will most likely experience a pullback towards the $0.538 level.

TRON (TRX) has ended its upswing by creating a new all-time high just under $0.6. What’s the reason for this price surge and should you buy some TRX now?

Fundamental analysis: new update proposal already priced in?

TRON is a blockchain-based operating system that can handle a massive amount of transactions. While Bitcoin can deal with up to six transactions per second, and Ethereum with up to 25, TRON states that its network has the capacity for 2,000 transactions per second.

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TRON is also one of the more popular blockchains for building Decentralized Applications (DApps) and is mostly focused on content sharing and entertainment. The project is also known for the aquisition of the file sharing service BitTorrent.

Tron has just approved No.51 committee proposal, which was more than well-accepted by its community. This information has reflected to its price beforehand, and is most likely already priced in. However, TRX still has a lot of upside.

TRON posted week-over-week gains of 52.73%, outperforming both Bitcoin’s 25.12% gain and Ethereum‘s 6.74% gain. Tron is currently the 21s-largest cryptocurrency by market cap, and currently boasts a market value of $3.91 billion.

At the time of writing, TRX is trading for $0.553, which represents a price increase of 94.75% when compared to the previous month’s value.

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TRX/USD technical analysis: healthy retracement in play after a massive upswing

The 21st-largest cryptocurrency by market cap has seemingly ended its uptrend after hitting an all-time high of $0.6. TRON’s current price seems very overextended, and while the cryptocurrency has a lot of upside potential, its price will most likely experience a slight downturn.

TRON has seen volume increase across the board, both for its upswings and downswings. If TRX manages to pass the $0.6 resistance level, it will most likely face the next resistance at -27.2% Fib retracement level of $0.662. On the other hand, its first strong support level is at the 23.6% Fib retracement level of $0.538.

TRX/USD daily chart
TRX/USD daily chart

TRON’s RSI on the daily time-frame is currently well into the overbought territory, with its current value sitting at 80.76.

TRX/USD 1-hour chart
TRX/USD 1-hour chart

Zooming in to the hourly time-frame, we can see TRX’s price increase on increased volume. The 21-hour EMA seems to provide strong immediate support to TRX, while the 50-hour EMA is right underneath it as the next support level..

While it is most likely true that the incoming protocol upgrade is already priced in, TRX has a lot of upside potential.

Cryptocurrency Market analysis