TRON Ethereum Grey Market Hits $649B

Record $649 Billion in Stablecoin Transactions on TRON and Ethereum

• Total stablecoin transactions through TRON and Ethereum reached $649 billion in 2024.
• Online gambling services accounted for $217.8 billion, a 17.5% increase from the previous year.
• High-risk transactions comprised 5.14% of all stablecoin activities, a slight decrease from 2023.
• Tether and Circle froze approximately $1.3 billion in illicit funds across both networks.
• Hong Kong emerged as a leader in effective crypto regulation, enhancing ecosystem protection.

The Bitrace report highlights that despite efforts to combat crypto crime, high-risk transactions still represent over 5% of stablecoin activities, with significant involvement from online gambling platforms.