In the past year, Tether burned approximately 70,000,000 USD in gas on Ethereum. This significant consumption reflects a strong demand for stablecoins and decentralized finance (DeFi) applications. Tether’s usage spans several blockchains, including TRON and BNB.
Solana has become the preferred network for decentralized exchanges, with Raydium being the top consumer of gas, accounting for 41.81% of all gas used on its chain. The trend indicates a growing divergence in DEX activity between Solana and Ethereum.
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