Ecryptobulls Ethereum (ETH) Has Huge User Loss! Derin Cakir by Derin Cakir 23 January 2021 Ethereum (ETH) Has Huge User Loss! Ethereum (ETH) Has Huge User Loss! 192 SHARES Ethereum (ETH) Has Huge User Loss! When we look at the total market cap, Ethereum (ETH), the second largest cryptocurrency, is experiencing a significant migration due to one of the biggest problems clogging the network. Most of the USDT's supply, which has a total market value of about $ 25 billion, is in the Ethereum network (ERC20). Despite this situation, the exorbitant transaction fees on the Ethereum network direct USDT users to networks other than Ethereum. New Address for Tether: Tron Tether transactions have increased especially after the price of the Bitcoin cryptocurrency has fallen sharply. Investors began to flee to stablecoins like USDT, fearing volatility and the tough moves of BTC. Although there has been a significant increase in the number of USDT transactions, it can be said that these are not Ethereum-based transactions. It is also fixed with the data that people have fled to the Tron (TRC20) network due to the increasing transaction fees in recent years. Since the first day of 2021, the number of USDT transactions in the Tron network has exceeded the number of transactions in the Ethereum network. When we look at CoinMetrics data, the reason behind the transition to the Tron network is definitely transaction fees. The Ethereum network has a scalability problem due to the current consensus model. This current situation is also reflected in transaction fees.
According to the information provided by CoinMetrics, the average ETH transaction fee for 2021 is over $ 6. So even if users want to send 1 USDT, they have to pay a $ 6 transaction fee. There are no transaction fees for USDT transfers on the Tron network. This is the reason why users run away. If users flock to the Tron network instead of the Ethereum network, it may have a long-term negative effect on the price of the Ethereum crypto currency. If users move to the network's rival network for USDT with high transfer volume en, it will reduce the amount of ETH being paid for transaction binoculars. This can reduce the buying pressure for ETH and contribute to the decline in the long run. Ethereum (ETH) Has Huge User Loss!
