System Upgrade

This article introduces a channel that focuses on sharing blockchain projects, popularizing blockchain, decentralized finance (DeFi), NFT, and other areas, and shares various digital currencies, trading analysis, technical analysis, airdrops, and other related content. The article focuses on mainstream tokens such as Bitcoin and Ethereum, as well as altcoins like Dogecoin and SHIB, and also shares information about various projects, platforms, exchanges, etc.

💫 While US dollar-backed stablecoins hold 90% market share in stablecoin transactions, the share of transactions directly using US dollars is 10%. The usage share of Euro-backed stablecoins is 1.1%.

Stablecoins have expanded more swiftly this year compared to the previous one. Just a week earlier, the stablecoin market was valued at $155.86 billion; today, it stands at $158.67 billion, reflecting a 1.8% increase. In contrast to the broader cryptocurrency market, which experienced a noticeable decline, the dollar-pegged crypto sector demonstrated strong growth. Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation Stablecoin dominance according to defillama.com. The overall value of the stablecoin market increased by approximately $2.81 billion, with $2.2 billion of this growth attributable to tether (USDT). Over the past month, tether’s supply expanded by 5.6%, reaching a current valuation of $109.38 billion. Last week, on April 12, usd coin (USDC) held a market valuation of about $32.02 billion, which has since risen to $33.15 billion. DAI also enjoyed a week of growth, with its market cap increasing from $4.93 billion to $5.12 billion. In contrast, FDUSD experienced a small drop from $3.93 billion on April 12 to $3.58 billion today. Despite this weekly dip, FDUSD’s supply has risen by 23.8% since March 19. Ethena’s USDE has shown no significant changes in supply over the past week, maintaining a stable figure of $2.38 billion. Over the past month, USDD, TUSD, and USDP have all recorded declines. USDD’s supply decreased by 2.7% this month, while TUSD saw a substantial 48.9% reduction over the same period. Paxos’ USDP experienced a 25.2% cut since March 19. Meanwhile, Paypal’s stablecoin, PYUSD, achieved a 6.8% increase this month, boosting its market valuation to $202 million at press time. In the dynamic landscape of the stablecoin market, this week’s growth exemplifies a clear deviation from the broader cryptocurrency trends, with USDT leading the charge. As the market faces fluctuations, stablecoins seem to offer a semblance of stability, albeit with varying supply changes among different tokens.

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Is TRX still worth buying now? Is it still worth holding long-term? I tell you! It's definitely worth it! And it's for long-term holding! The story of TRX has actually gone through seven to eight years, and the value logic of TRX is heading towards being a core asset in global payments and financial settlements. 1. The Long-term Effects of Deflation and Scarcity The actual circulation of TRX is continuously decreasing, especially after the burning mechanism was initiated. 1 / Continuous Deflation: Every transfer and contract call contributes to the destruction of TRX. Unlike a one-time large-scale buyback, this kind of "chronic deflation" is more like long-term pressure. 2 / Demand Rigidity: TRX is the "blood" on the TRON chain, used to pay for bandwidth and energy. The more stablecoin transfers there are, the stronger the demand for TRX. In other words, the scarcity of TRX is not reliant on "buyback and pump" but on the continuous consumption through real on-chain transactions, which is healthier than the deflationary logic of most exchange tokens. 2. The utility of global payment infrastructure The real core advantage of TRX lies in the TRON network behind it. 1 / The monthly settlement volume of stablecoins like USDT and USDD on TRON exceeds 2 trillion USD, far surpassing Visa and PayPal. 2 / TRX itself is the "fuel" of this system, and each transfer, loan, and exchange requires the consumption of TRX. I think this is like the dollar settlement layer of blockchain: 1 / Payment: TRX guarantees zero fees and instant transactions. 2 / DeFi: TRX is a key asset for collateral and lending. 3 / Governance: TRX staking forms SR node governance, ensuring stable operation of the network. 3. Market and External Environment Overall, the trend of TRX has consistently given a sense of resistance to decline. TRX has been relatively stable in its fluctuations over the past two years. There are a few points to note. 1 / Global Inclusive Finance: The demand for TRON stablecoins in Southeast Asia and Africa is growing stronger, which directly enhances the on-chain usage of TRX. 2 / Regulatory Dividend: TRON has obtained compliance channels in multiple countries, and if more institutions participate in the future, the valuation logic of TRX may be closer to the "payment settlement layer." 3 / Ecological Expansion: Directions such as stablecoins, cross-chain assets, and RWA are all new driving forces for the appreciation of TRX. Many people complain that TRX "rises slowly", but slow is not necessarily a bad thing. Slow means steady, and only by being steady can one go far. When the market turns back to look, they might realize that TRX has been quietly raising its bottom all along. Holding TRX feels more like buying a long-term train ticket. @justinsuntron #TRONEcoStar