TRX News

TRON (TRX) becomes more popular than Ethereum (ETH) for USDT transactions – Invezz

Ethereum is the biggest development platform in the crypto industry, but its inability to scale and meet demand is beginning to take its toll. Due to the growing fees, the TRON blockchain has become a much more popular network — useful not only for buying TRX, but also for small Tether (USDT) transactions.

Many USDT users shifted from Ethereum to TRON

According to recent data, the number of USDT transactions on TRON has surged recently. In fact, it has gone up enough to pass Ethereum’s count for as many as three consecutive weeks.

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It is believed that the reason for this is Ethereum’s gas fees, which remain quite high. As such, they are only affordable and sensible for those who have larger transactions to process. There are still quite a few users willing to pay elevated prices of the Ethereum network. For the last month, ETH has had around 1.5 million weekly transactions.

However, users who wish to invest in cryptocurrency in smaller quantities have turned to TRON. This is quite clear from the project’s transaction count, which skyrocketed from 900,000 in mid-December, to almost 2 million per week in mid-January.

TRON is more popular for smaller USDT transactions

According to Source…