polynya
@polynya
A common misconception is "people use Tron because it's cheap" - this is false. Rn, if I pull up the latest USDT transfers, Ethereum L1 costs $0.52 while Tron costs $1.24 (links posted in the next cast). Now, there's some nuance to this, as Tron also has a bandwidth-based system, but the cumulative fees... (contd.)
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polynya
@polynya
...still amount to a significant amount because Tron fees are so high. It's likely pure network effects. Explorer links: https://tronscan.org/#/transaction/086a53a4d15e733b7b594a62406d83b04eec75c2ef1e2458750c669ee72524c8 https://etherscan.io/tx/0x92c72c47326982a8538983ec5632edd82e956f40156f70c918a87ee470511c21
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polynya
@polynya
I have written a post with some showerthoughts on how to break these network effects: A big part of it could be collaborating with CEXs and promoting an L2-based stablecoin https://polynya.mirror.xyz/aNArWNacjP8IR2UvxU8B1tNq1amtWNsLOZ664f56zYY
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Bo
@boyu
Yes I remember the days when trc20 USDT was the only available option on Binance other than ERC20 for quite some time (at least half yr or 1+), with 0 or very minimal fees compared with erc20 at that time.
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Liam
@liamellul
Network effects for sure TRC20 was so cheap for intra-CEX transfers
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