USDT on TON Blockchain Expands to $729M, Strengthening P2P Transfers and DeFi Ecosystem

USDT on the TON blockchain has reached a total supply of $729 million, just four months after the TON Foundation announced its integration on April 18. This rapid growth positions USDT on TON as the seventh-largest stablecoin by market capitalization when assessed independently, underscoring its rising influence. The increased liquidity is pivotal for the expansion of the TON network, fueling various financial and technological applications.

USDT Supply on TON Surges to $729 Million

On-chain data analysis from CryptoQuant shows that USDT’s supply on TON has skyrocketed to $729 million within four months. This robust growth highlights the stablecoin’s expanding footprint on the TON blockchain. If evaluated separately, USDT on TON would rank as the seventh-largest stablecoin by market cap, reflecting its significant market standing.

The TON Foundation’s integration of USDT has been critical in attracting the liquidity needed for the network’s growth. As a result, the growing supply of USDT supports not only financial transactions but also broader adoption of the TON network.

Enhanced P2P Transfers Fuel Everyday Transactions

Tether USD on The Open Network (TON) blockchain has become increasingly effective for peer-to-peer (P2P) value transfers. The median transaction size, typically between $15 and $100, points to frequent small-scale transactions, commonly associated with everyday retail activities. This trend suggests that users are turning to USDT for routine financial interactions.

The low median transfer fee of four cents on the TON blockchain further enhances its appeal, making everyday transactions cost-effective and encouraging greater use for P2P exchanges.

USDT Powers Decentralized Finance on TON

The growing DeFi ecosystem on the TON blockchain has also been significantly impacted by USDT’s presence. The stablecoin plays a key role in decentralized exchanges (DEXs) and DeFi protocols on the network, where it is widely used for liquidity and trading activities. Platforms such as Ston.Fi, Dedust, and StormTrade have become major hubs for facilitating transactions within TON’s DeFi space.

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