Analyst: Tron Has A More Sustainable Business Model Than Solana, Here’s Why
Tron is emerging as a significant layer-1 platform, primarily serving as a transactional layer akin to Bitcoin. It leads in peer-to-peer (P2P) stablecoin transfers, particularly in developing economies, by focusing on trustless transactions rather than trading or DeFi like other platforms. Tron dominates USDT transfers, with over $61 billion held on its network as of September 18, surpassing Ethereum. Approximately 95% of stablecoin transfers on Tron are genuine P2P transactions, with only 5% linked to malicious activities. Tron’s stablecoin volume reached over $3.3 trillion by mid-September 2024. In contrast, Solana's stablecoin activity is largely driven by trading. Recently, Tron partnered with Tether and TRM Labs to establish the T3 Financial Crime Unit to combat financial crime involving USDT.
