According to @ai_9684xtpa, USDT issuance is concentrated on Tron at roughly 80.2B versus 1.94B on Plasma and 0.482B on Stable, highlighting a dominant liquidity base for TRC20 USDT (sources: @ai_9684xtpa; tronscan.org/#/data/charts/tokens/usdt-stats; plasmascan.to; stablescan.xyz). Reported daily activity shows Tron USDT handling about 39.4B transactions per day versus Plasma’s peak 7.208M and Stable’s peak 85K, with the latter two counting all token transfers, underscoring a large throughput gap that affects market depth and settlement speed (sources: @ai_9684xtpa; tronscan.org/#/data/charts/tokens/usdt-stats; plasmascan.to/insight/chart?id=tx; stablescan.xyz/chart/tx). The author also notes Plasma’s peak FDV reached $16.9B and that both $XPL and $STABLE have fallen below $2B FDV, shifting attention back to Tron’s USDT rail for liquidity-sensitive trading (source: @ai_9684xtpa). For traders, the concentration of USDT supply and higher confirmed throughput suggest tighter spreads and lower slippage on TRON venues relative to Plasma and Stable until these on-chain metrics converge, which can be monitored directly on the cited dashboards (sources: tronscan.org; plasmascan.to; stablescan.xyz).

According to @ai_9684xtpa, Stable chain’s TGE is facing thin liquidity with a fully diluted valuation around 1.88 billion dollars and total open interest near 37.23 million dollars, indicating a wide FDV-to-OI gap that limits derivatives depth and price support, source: @ai_9684xtpa. According to @ai_9684xtpa, competitor XPL’s former main perp venue Hyperliquid shows only about 2.4 million dollars in OI, underscoring subdued leverage participation relative to headline valuations, source: @ai_9684xtpa. According to @ai_9684xtpa, the airdrop has been reduced and social media heat has notably declined, dynamics the source links with underwhelming attention and price action for Stable compared with Plasma over the same period, source: @ai_9684xtpa. According to @ai_9684xtpa, pre-deposit complications and limited listing resources are additional overhangs, contributing to weaker chart performance and lower visibility versus Plasma, source: @ai_9684xtpa. According to @ai_9684xtpa, traders should account for higher slippage risk and less resilient order books around TGE given the FDV-to-OI disparity and softer retail flow, prioritize limit orders, and monitor OI and funding expansion across venues for confirmation of improving liquidity, source: @ai_9684xtpa.