The supply of USDT on the Ethereum network surpasses that on the Tron network for the first time since June 2022

ChainCatcher news, according to The Block, the USDT supply on the Ethereum network has reached 66.936 billion, surpassing the Tron network's 61.77 billion, marking the first time since June 2022. So far this year, the USDT supply on the Ethereum network has grown by nearly 62%, while the Tron network has seen a growth of 24.4%.

Analysis indicates that the surge in USDT supply on the Ethereum network is related to the improved market sentiment following Bitcoin's recent breakthrough of its all-time high, while the expectation of approval for a spot Bitcoin ETF has also driven institutional funds into the market. As the leading chain for DeFi, Ethereum has advantages in institutional adoption and stablecoin liquidity, while the Tron network remains competitive in the cross-border payment sector due to its low fees and high speed.