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TRON Achieves Third Highest USDT Transaction Volume

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by Giorgi Kostiuk

5 hours ago

On August 22, TRON recorded the third highest USDT transaction volume in its history, exceeding $13 billion. This article explores the factors driving network growth and the current state of the TRX token.

Record USDT Transactions on TRON

On August 22, TRON processed over $13 billion in USDT, marking the third-largest volume ever recorded. This milestone was set against a backdrop of stable demand from both institutional and retail investors.

Exchange Participation Analysis

Binance accounts for over 65% of TRC-20 USDT transfers among major platforms, followed by HTX with 18%, and Bybit contributing an additional 5%. This concentration of activity affirms institutional confidence in TRON's capabilities.

Technical Analysis of TRX

TRX currently trades around $0.348, with support at the 200-day moving average located at $0.342, while resistance is seen around $0.354. A successful breakout above this resistance could trigger renewed buying interest.

The price action shows TRX consolidating between the 50-day moving average at $0.354 and the 200-day support.CITE_NA

Record stablecoin volumes on TRON highlight its improving position within cryptocurrency infrastructure, despite the volatility of TRX prices. The outlook for further adoption and network growth appears promising.

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