TRON Is the Leading Blockchain for Stablecoin Transfers: Report

Defiant News, an independent DeFi news coverage platform, shared on X (formerly Twitter) a report showing that TRON was the leading blockchain for stablecoin transactions.

TRON founder Justin Sun has reaffirmed that crypto adoption is still in its early stages. Sun said this while responding to a user who asked how TRON made it to the top among the blockchains for stablecoin transfers.

Defiant News referenced a piece of data released by Peter Johnson, co-head of Venture at Brevan Howard Digital. Johnson’s released data showed that TRON DAO was the leading blockchain stablecoin transfers network, with 2.4 million active addresses weekly.

A part of Johnson’s report shared by Defiant News revealed that the weekly active addresses on TRON DAO included 2,405,015 USDT addresses, 5,165 USDC addresses, and 2,679 TUSD addresses, totaling 2,412,859 weekly active-stablecoin addresses on the TRON network.

The number of weekly active addresses on the TRON network is nearly twice that of its closest competitor in the BSC network, which handled 1,375,699 addresses every week, according to Johnson’s report. Other stablecoin transfer networks included in the research include Ethereum, Polygon, Optimism, Arbitrum, Fantom, and Avalanche.

TRON DAO is a community-governed decentralized autonomous organization. It was referred to as the TRON network in its original form after launching in 2017 as a platform that enables decentralized financial and social applications development.

The TRON network has become one of the most significant platforms for facilitating stablecoin transactions like USDT, USDC, and TUSD. Notable in the data released by Johnson is the non-existence of BUSD addresses on the TRON network. Out of all the listed stablecoin networks, the report shows that only Ethereum and the BSC chain support BUSD, with the bulk of the addresses recorded on the BSC chain.