The Tron digital token has outpaced Ethereum by more than 230% in terms of the number of transactions

According to the information published by Lookonchain cryptocurrency analysts on the X platform, the Tron digital token has significantly surpassed Ethereum ETH $2,437.41 Bridged Ether (StarkGate) 1.44% Market capitalization $0.2 billion VOL. 24 hours $0.8 billion in terms of the number of transactions. Thus, Tron TRX $0.16 TRON -1.60% Market capitalization $13.86 billion VOL. 24 hours $44.16 million carried out 8.1 billion transactions, while Ethereum — 2.45 billion — industry experts recorded an increase of more than 230.6%.

The significant increase in transactions on Tron is due to the popularity of the stablecoin USDT, which operates on several blockchains, including Ethereum and Tron. The fees for USDT transfers on Tron are much lower than on Ethereum, so users are more likely to choose Tron. Recently, USDT-Tron's daily trading volume exceeded Visa’s — $ 53 billion versus $ 42 billion.

Also recently, spot Ethereum ETFs were approved and started trading on Wall Street. On the first day, the volume of investments in these ETFs reached $ 1.112 billion, with the largest inflow being the ETHA ETF from BlackRock — $ 266.5 million.

Bloomberg analyst James Seyffarth published data on these investment flows, noting that social sentiment towards the launch of these new assets has also increased significantly. In addition, Ethereum’s exchange rate against Bitcoin BTC $69,815.70 Bitcoin 2.68% Market capitalization $1.38 trillion VOL. 24 hours $2.3 billion increased by 3.4%. However, investor and bitcoiner Anthony Pompliano said in an interview with CNBC that he does not expect Ethereum ETFs to reach the same high levels of investment inflows as spot Bitcoin ETFs after their launch in January.