Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week
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Tron uses a delegated proof-of-stake (DPoS) consensus mechanism. Under this system, TRX holders stake their tokens to gain voting power and use that power to elect 27 Super Representatives, the validators responsible for producing blocks and maintaining the network. Because block production is concentrated among a limited, elected set of validators rather than distributed across a broad network of participants, Tron can achieve fast confirmation times and low computational overhead.
Stablecoins and the payments use case
The single most important development in Tron's evolution has been its emergence as the leading settlement network for stablecoins. A substantial share of global USDT circulation now resides on Tron, and this characteristic separates Tron from many of its layer-1 peers: rather than competing primarily on DeFi innovation or consumer applications, Tron has positioned itself as digital payment rails for dollars.
That positioning shows up clearly in the network's usage data. According to Tron’s blockchain explorer, weekly transaction counts on Tron have climbed to record highs, recently approaching 100 million transactions per week, even as the average onchain transaction fee has fallen to around seven cents, a multiyear low.
Weekly active addresses, a measure of unique wallets transacting on the network over a seven-day period, have also been climbing toward record levels, reflecting broad and sustained usage rather than a narrow base of activity. Stablecoin transfer volume on Tron has grown alongside this activity, recently running at roughly $150 billion to $190 billion per week.
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