The $1.52B Shuffle: TRON Steals Ethereum’s Lunch, and It’s Not Even Close

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Well, folks, here’s the tale of the past week, and it ain’t pretty for Ethereum. Over the last seven days, a mind-boggling $1.52 billion in stablecoins, mostly USDT and USDC, found their new home in Tron. Yes, TRON, of all places. It’s like the little engine that could – or maybe the little engine that just refuses to pay Ethereum’s outrageous toll fees. 🚂💰

This flood of cash puts Tron miles ahead of the competition in the stablecoin game, far outpacing the other blockchains. It’s like a popularity contest, and guess who’s got the cool kids’ table? That’s right, TRON. Who needs a high-cost, bloated network when you can have cheap, efficient, and, frankly, a bit of a rebellious vibe?

On the flip side, Ethereum – poor, bleeding Ethereum – saw a $1.02 billion net outflow. Yep, you heard that right, folks. The sharpest decline among the top 15 chains. Ethereum might want to consider a little self-care after this one. 😬

a match made in blockchain heaven. 😎💸

The Rise of Non-USD Denominated Coins: The Quiet Revolution

And as if that wasn’t enough drama for one week, there’s a sneaky trend on the rise: the supply of non-USD stablecoins is creeping up. Yep, while everyone’s busy watching the Tron vs. Ethereum showdown, the supply of coins like NGNC, IDRX, and BRZ is quietly growing. Oh, and don’t forget CADC and MXNe – they’re small, but they’re here, and they’re making moves.

Sure, USD-backed coins are still the kings of the hill, but regional stablecoins are slowly carving out their own little kingdom. Why? Well, with more folks looking to hedge against FX risks or simply make payments in local currencies, they’re turning to the cheaper, faster chains. And, surprise, surprise, the platforms that don’t overcharge for the privilege are coming out on top.

So, as Ethereum becomes the old, expensive, slow grandparent of crypto, chains like Tron are setting the stage for what comes next. You know, the future, where users care about utility and not just “because it’s Ethereum.” 👀

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2025-04-16 00:09