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Absolutely not. Large Tron issuances started well before Ethereum gas fees soared. We are talking a couple of years ago. Also, market makers moving Tether arou
by qeternity 5y ago
Absolutely not. Large Tron issuances started well before Ethereum gas fees soared. We are talking a couple of years ago.
Also, market makers moving Tether around do not give two shits about $60 in gas fees or whatever. Additionally, a huge amount of Tether has gone into DeFi on Ethereum and L2s (or bridged to newer L1s, which typically don't have a Tron bridge).
- tzone 5y agohttps://www.theblockcrypto.com/data/decentralized-finance/stablecoins/usdt-supply-by-blockchain-daily https://www.theblockcrypto.com/data/decentralized-finance/st... Ethereum was dominating TRON until very recently and this does have to do with huge increases in Gas prices on Ethereum
- qeternity 5y agoSure, but go back two years, Tron had 50% of the Eth issuance which is insane given that even two years ago, Eth was domination Tron in every respect.