Last week, USDT (Tether) Mint over $2 billion on the TRON DAO network.
Regardless of whether the market is in a Bull or bear phase, the USDT x TRON DAO alliance seems to be doing very well.
Specifically, over $2 billion has been issued on the @trondao network. Compared to other blockchain networks, USDT performs significantly better on TRON than on other blockchains.
Due to the strong demand for USDT on TRON , which boasts extremely low transaction fees, high speed, and popularity in many regions (especially Asia and emerging markets), TRON is currently the chain with the largest circulating supply of USDT (surpassing Ethereum).
In each cycle, the number of Mint USDT on TRON is always XEM a reliable indicator to assess current user demand for the market. Crypto OG members often say that as long as USDT is Mint on TRON , it means the market is still open.
However, this is only one of the metrics used for evaluation and not 100% accurate. The USDT Mint on TRON indicates the market's cash-in or cash-out dynamics.
Looking at Asian traders in general, and Vietnamese traders in particular, the demand for cash-out during the Lunar New Year holiday has surged, leading to a sharp price drop last week.
@justinsuntron
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