TRON Ranks as the Fastest Blockchain, Dominated by Stablecoins
- TRON leads in blockchain transaction speed, consistently processing 85 TPS.
- Over 96% of TRONs transactions are linked to stablecoins.
- TRX has outperformed Bitcoin and altcoins, consolidating around $0.144, with bullish targets ahead.
TRON became the fastest blockchain in Transactions Per Second, according to CryptoQuants latest data. On-chain data visualization is showing the superiority of TRON over the major blockchains of Bitcoin, Ethereum, and Polygon. TRON maintains 85 TPS, while Bitcoin processed at 7 TPS, Ethereum at 14 TPS, and Polygon at 30 TPS.
What differentiates TRON is its transactional reliability over time. The stability of the network has largely been driven by the growing use of stablecoins. Surprisingly, 96% of all transactions on the network are related to stablecoins, thereby proving to be useful in the rapidly changing world of cryptocurrency.
Stablecoins Drive TRONs Performance
In fact, while Bitcoin and Ethereum have long been the subject of most discussions in blockchain conversations, stablecoins have discreetly become an important part of the ecosystem. This is evident through its market performance, such as the dominance in terms of transaction volume, because the TRX network is very often subjected to the most load in transactions, most of which are for transferring stablecoin.
The networks performance indicates that stablecoins drive the utility of the network by providing price stability and liquidity. For many people, Stablecoin is even more revolutionary compared to Bitcoin because of its use in everyday transactional activity. That makes it one of the most practical blockchains for users seeking quick and stable transactions.
TRON Price Movement and Future Outlook
While the network has negotiated volumes of transaction successfully, this cryptocurrency has still aligned challenges with the bullish sentiment of the greater market. Having surged 22% in price in mid-August to break above its range, the TRX has pulled back since to consolidate around the $0.144 level. However, this short pullback aside, key indicators still pointed high for TRX.
Moreover, TRXs RSI has managed to stay positive, and similarly, the On-Balance-Volume (OBV) still considerably outperforms previous highs set in May, reflecting strong buyers. Traders are monitoring liquidation levels of $0.152 and $0.158 while anticipating the probability of a bullish reversal at $0.16. Long-term holders retain some ambitious targets at $0.20 and $0.223.
Related Reading | XRP, Aptos, and Chainlink Surge Amid SEC Appeal and Institutional Growth
Read more: https://www.tronweekly.com/tron-ranks-as-the-fastest-blockchain-dominated-by-stablecoins/
Text source: TronWeekly
