The Tron network has experienced a surge in on-chain activities, with a significant increase in daily transactions by 95% as highlighted by CryptoQuant’s Maartunn.
Tether has minted and moved $2 billion USDT tokens on the Tron network, surpassing Ethereum in USDT supply and making Tether the third most valuable cryptocurrency with a market cap of $152 billion.
The uptrend in Tether's minting historically correlates with potential Bitcoin price rallies, with Lookonchain suggesting a possible rally to over $109,300 based on the latest minting.
Despite the positive market implications, TRON's price has not shown significant reactions to the growing ecosystem activity, with Bitcoin trading at $107,293, indicating a potential market rally.