Ethereum Updates: TRON's GreatVoyage: Strengthening USDT's $122B Network to Compete with Ethereum

Bitget-RWA2025/11/06 08:44

By:Bitget-RWA

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The TRON Mainnet will soon implement the GreatVoyage-v4.8.1 update, a move designed to enhance both system compatibility and network efficiency as competition heats up in the blockchain sector. This upgrade, revealed by the

Tron

Foundation, comes after a notable increase in network usage in October 2025, when decentralized exchange (DEX) activity soared by 174% to $3.04 billion and the number of active addresses climbed to 87.7 million,

according to Coinotag

. This surge highlights Tron's growing influence in decentralized finance (DeFi) and emphasizes the necessity for infrastructure enhancements to support ongoing user activity and transaction capacity.

This upgrade brings improved smart contract support, more efficient consensus protocols, and faster cross-chain transaction speeds. These updates aim to tackle scalability issues and strengthen Tron's position as a strong competitor to

Ethereum

, which still leads in stablecoin transaction volume with $2.82 trillion in transfers during October 2025,

according to FinanceFeeds

. Tron's emphasis on affordable transactions and quick settlement has made it a popular choice for everyday users and remittance services, especially in developing regions, as Coinotag noted. Nevertheless, analysts point out that Ethereum’s Layer-2 networks, like Arbitrum and Optimism, are closing the gap by offering scalable options for larger and institutional transactions.

Ethereum Updates: TRON's GreatVoyage: Strengthening USDT's $122B Network to Compete with Ethereum image 0

Although Tron has experienced significant growth, technical analysis indicates that its native token, TRX, may face short-term price swings. TRX recently dropped below a key support point at $0.2764, with open interest among derivatives traders falling by 1.68% to $290.5 million,

according to FXStreet

. If the price falls further below this threshold, it could decline toward $0.2397, casting doubt on whether the upgrade can stabilize the token’s momentum. Tron's Total Value Locked (TVL) in DeFi platforms also fell by 6.57% to $4.967 billion in the last 24 hours, reflecting a more cautious market sentiment, as FXStreet reported.

The timing of this upgrade aligns with a notable move by Tron’s founder, Justin Sun, who recently staked $154.5 million worth of Ethereum through Lido, signaling his belief in the rival blockchain’s future prospects,

according to CryptoBriefing

. Sun’s action, which brought his ETH holdings up to $534 million—now exceeding his TRX assets—has led to speculation about his strategic focus. Still, Tron's recent partnership with Halliday, a user-friendly onboarding solution, shows its ongoing dedication to accessibility, as Coinotag highlighted. By enabling users to acquire tokens in under a minute, Halliday aims to attract both retail and institutional participants, challenging Ethereum’s dominance in DeFi.

Industry watchers believe this upgrade could spark the next wave of growth for Tron, especially as Tether—a major stablecoin issuer on Tron—reported $10 billion in profits from U.S. Treasury holdings in 2025,

according to Yahoo Finance

. With Tron supporting nearly 70% of USDT’s 122 billion total supply, the network’s reliability and speed are vital for Tether’s liquidity framework. By resolving technical constraints, the GreatVoyage-v4.8.1 update could further solidify Tron’s role as a key infrastructure for stablecoins, even as it faces competition from Ethereum’s growing Layer-2 solutions.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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1. Technology stocks fell sharply as investor interest shifted toward energy and selected defensive assets. From October 10 to 16, the Nasdaq 100 declined 5.49% and the S&P 500 fell 1.95%, while the Dow gained 0.67% and WTI crude rose 10.41%. BTC, ETH, and SOL declined 1.27%, 2.65%, and 4.44%, respectively. This week's technology earnings will be an important test of whether revenue growth, margins, and cash flow can justify current valuations. Better-than-expected results could help stabilize markets in the near term. 2. Crypto continues to see pockets of strong activity, but a broad-based altcoin season has yet to materialize. CoinMarketCap's (CMC) Altcoin Season Index stood at 54 as of the October 18 UTC daily observation, below the altcoin-season threshold of 75, while BTC dominance rose to 60.08%. Our proxy leverage ratio fluctuated between 4.00 and 4.07 during the week, showing no sustained increase and suggesting limited appetite for additional leverage. Meanwhile, as major exchanges expand access to traditional financial assets, the recent sell-off in AI-related equities could attract short-term speculative capital away from crypto. Such capital rotation could make it more difficult for a new altcoin season to take hold. 3. Papertrade's loss-to-mine model has generated significant interest across the crypto community. The protocol combines high-leverage derivatives trading with zero slippage and a mechanism that rewards trading losses with PAPER tokens. Across the eight complete UTC days from October 10 to 17, cumulative reported revenue reached approximately $56.08 million, including $51.90 million distributed to token holders. With growing participation from key opinion leaders (KOLs), Papertrade has reportedly ranked among the top three platforms by profitability in the broader market recently. Assets to watch: BTC, ETH, SOL, ARB, OP, SKHYNIX, SKHY, META, TSLA, LRCX, and SPCX. Key research priorities this week: Cash flow performance in technology earnings; the relative discount and holding costs of the two SK Hynix contracts; and U.S. initial jobless claims and PMI data. Weekly market data cover the period through October 16, while research information was verified through October 18. Observation periods are specified separately for each chart.

Bitget•2026/10/19 06:51