The Tron Network’s 24-hour trading volume for Tether (USDT) has achieved an impressive $53 billion, surpassing Visa’s average daily trading volume. According to data from Lookonchain, Visa’s trading volume in the first quarter of 2024 was $3.78 trillion, with an average daily trading volume of $42 billion.
Visa’s substantial trading volume highlights its prominence in the market. However, in recent days, the Tron Network’s USDT has been experiencing significant growth and is gaining traction in the cryptocurrency market.
The increased transaction traffic on the Tron Network indicates that USDT is being widely adopted for transactions and trading activities. People are drawn to the advantages offered by blockchain technology, such as fast and cost-effective processing times compared to traditional financial systems like Visa.
This significant milestone in Tron USDT volume demonstrates the rise of efficient digital payments and the potential of cryptocurrencies to challenge and potentially surpass traditional banking and finance players.
The record-breaking $53 billion trading volume within 24 hours on the Tron Network highlights the rapid growth and increasing importance of cryptocurrencies in global finance. The high usage of USDT within the Tron Network indicates the emergence of a more efficient financial system on the horizon.