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TRON Network Emerges as a Key Infrastructure for USDT Mass Adoption
In recent years, TRON has rapidly grown and established itself as a significant player in the blockchain industry. TRON has shown outstanding performance in the transfer volume and number of transactions involving Tether (USDT).
Comparison with Ethereum
Since the beginning of TRON's journey with USDT in 2019, the data as of July 2024 highlights the following:
1. Proportion of TRON in Total Issuance: 53.47%
2. Proportion of TRON in Transactions: 93%
3. Proportion of TRON in Transfer Volume: 70%
It is no exaggeration to say that half of the USDT is tied to the TRON chain, and the majority of daily USDT transactions and transfer volumes occur on TRON.
Examining the scale of USDT transfers in more detail, transactions under 1K constitute 70%, indicating widespread use among retail users. Meanwhile, the proportion of transactions over 10K is also steadily increasing, reflecting growing usage among institutional-level users.
TRON's fast transfer speeds and low fees are key reasons why it continues to attract more users. These strengths solidify TRON's position as a vital infrastructure for USDT transfers.
TRON stands out as a fast, affordable, and stable blockchain network, cementing its role as a core infrastructure for USDT.
See our Live Dashboard for more.
By CryptoQuant Degen | @cryptoquant_official
Will Ethereum's uptrend persist in the mid-term? Futures Market Analysis
“If this upward trend in the Taker Buy/Sell Ratio continues, it confirms a potential mid-term bullish trend in the market, with the price likely rallying toward higher values.” – Link
By ShayanBTC | @cryptoquant_official
We're live with TRON DAO on X, dive into the data!
Join us now
@cryptoquant_official
We're going live with TRON DAO on X tomorrow at 10am ET and diving into all the data!
Join us and set a reminder
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The Highest USDT Transaction Into Exchanges in 2024
“Overall, it suggests that significant USDT transaction movements on exchanges often coincide with notable price actions in Bitcoin, highlighting the potential influence of stablecoin flows.” – Link
By Woominkyu | @cryptoquant_official
It’s time for futures whales to open long positions
“In the past, during such periods, Bitcoin deposits to futures exchanges increased, and the price actually rose.” – Link
By Mignolet | @cryptoquant_official
Traders are seeing unrealized margins at -17%, marking the most negative point since the FTX collapse.
Historically, prices tend to bottom out at these levels.
See our live dashboard for the latest insights.
@cryptoquant_official
Selling pressure from old Bitcoins
“After the entry of old Bitcoins, there was a drop in Bitcoin. However, since their quantities are small, this selling pressure cannot last long and the price should recover shortly after the initial impact.” – Link
By XBTManager | @cryptoquant_official
One of the best metrics
“Identifying optimal entry points in a bull market is when short-term Bitcoin holders sell at a loss and the fear index is ridiculously high.” – Link
By elcryptotavo | @cryptoquant_official
We’ve noticed misinformation regarding a supposed CQT token associated with our platform.
Please be aware that CryptoQuant does NOT have a token. Any such claims are false.
We’re committed to transparency and integrity. Stay informed by following our official channels.
@cryptoquant_official
An opportunity that comes only once within bull cycle
“This indicator fell significantly during the bull cycle in 2016 and 2020, followed by the beginning of Bitcoin's strong rise. Currently, similar movements have been detected.” – Link
By Crypto Dan | @cryptoquant_official
BTC price is nearing the bottom
“Short-term SOPR data indicates that the price is nearing the bottom. This pattern is very similar to the period in September last year.” – Link
By Mignolet | @cryptoquant_official
TRON Network Maintains Resilient User Base Amid Market Uncertainty
“Users have grown since the start of the year and maintained near all-time highs despite market uncertainty and sell pressure across the broader crypto market.” – Link
By CQ Ben | @cryptoquant_official
As the clock struck 3 AM, Mt. Gox made a move that shook the market
“With the volatility caused by this transaction on Mt. Gox, approximately $97 million worth of long positions were liquidated in the past 10 hours.” – Link
By burakkesmeci | @cryptoquant_official
From a valuation perspective, Bitcoin has reached a level where it is either at a bottom or due for a major correction, similar to what occurred in the summer of 2021.
MVRV Z-Score | @cryptoquant_official
Can the MVRV break through the downtrend?
“The MVRV is currently around 2.1, attempting to break a downtrend. If it can break this downtrend, we could potentially see sharp price increases after a retest, similar to previous cycles.” – Link
By tugbachain | @cryptoquant_official
Bitcoin is back above the average cost basis of short-term holders
“Recently, the Bitcoin price has reclaimed the STH Realized Price. This is a positive sign because short-term holders often add to their positions when Bitcoin returns to their average cost basis, creating a support level. Since 2023, Bitcoin has reclaimed the short-term holder Realized Price twice, each time resulting in at least 30% profits.” – Link
By maartunn | @cryptoquant_official
36% of the Mt. Gox Bitcoin has been distributed to the creditors. What's next?
“As of yesterday, the trustee holds 141,686 BTC, which will be distributed over time. With yesterday's transaction, 36% of the Bitcoin has been moved to their former users.” – Link
By maartunn | @cryptoquant_official
Bitcoin A lot of bad news and FUD were observed last month
“The combination of stable long-term holder confidence, increased liquidity from USDT and USDC, reduced miner selling pressure, and strong demand on Coinbase and Bitcoin Spot ETFs has contributed to Bitcoin’s recent price rebound.” – Link
By IT Tech | @cryptoquant_official
Bitcoin aSOPR metric
“What is certain is that aSOPR has not yet reached the top level of aSOPR, which is around 1.1, in the previous cycles.” – Link
By CryptoOnchain | @cryptoquant_official
U.S whales, institutional Bitcoin purchases increase again
“Looking at the Coinbase premium gap, the movement of U.S whales, which had a selling trend, has recently become buy.” – Link
By Crypto Dan | @cryptoquant_official
Ahead of the Upcoming Approval of the ETH Spot ETF
“The trend shows that gas fees are at their lowest since May 2024, indicating a quieter Ethereum network activity. It can be observed that when gas fees increase, Ethereum prices tend to rise as well.” – Link
By Woominkyu | @cryptoquant_official
The second largest institutional accumulation process of 2024
“The current institutional accumulation may indicate a true process of "buying the dip" in large players.” – Link
By caueconomy | @cryptoquant_official
BitMEX: The Second Largest Bitcoin Outflow
“The recent outflow of 35,486 BTC from BitMEX should not be ignored. Historically, such events on BitMEX are predictable signals that precede Bitcoin price increases.” – Link
By joaowedson | @cryptoquant_official
Germany sold another 4,700 BTC. What to expect?
“Germany moved another 4,700 BTC, which is likely to be sold. They started with 49,800 BTC and are now halfway through, currently holding 22,845 BTC.” – Link
By maartunn | @cryptoquant_official
4,623 Bitcoins Entered Spot Exchanges in a Single Block: Will Seller Pressure Increase?
“It is highly likely that these will be sent to spot exchanges in parts for selling. Additionally, the German government has sold more than 10,000 Bitcoins since June 2024.” – Link
By burakkesmeci | @cryptoquant_official
Recent market crush triggers massive long liquidations
“The recent BTC price plunge has been devastating for long position holders. As you can see above, the size of the long liquidation is by far the largest for the last year.” – Link
By SignalQuant | @cryptoquant_official
Miner capitulation has reached levels seen in Dec 2022 with a 7.7% drop in hashrate, reminiscent of the market conditions after the FTX collapse.
Historically, such significant declines are indicative of potential price bottoms.
See our Bitcoin Miner Dashboard for the live data.
@cryptoquant_official
BTC Miners Break Records in 2023 and 2024 and Are the Top Sellers
“As 2024 approached, the pace of transfers to exchanges intensified, directly impacting the excess supply and low demand in the spot market.” – Link
By joaowedson | @cryptoquant_official
Beginner investors are capitulating and increasing selling pressure
“Approximately $2.4 billion worth of Bitcoin aged between 3 and 6 months moved on the network during the drop.” – Link
By caueconomy | @cryptoquant_official