Tron TVL Balloons To Over $15 Billion: DeFi Growth Evident?
The Tron (TRX) DeFi ecosystem has experienced a notable surge in activity, signaling a substantial period of growth and development. This expansion isn’t limited to the realm of decentralized finance alone; recent data underscores a correlated upward trajectory within Tron’s TRX token staking ecosystem. This trend suggests that both DeFi and staking on the Tron blockchain are witnessing increased interest and participation from users and investors, thereby fostering a more robust and dynamic Tron ecosystem. But, there’s more interesting side of the narrative that has....
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TRON (TRX) continues to gain traction despite the current erratic market movement. TRX has recently seen TVL growth by $6 billion in July which is by far due to a revival of investor interest specifically in DeFi. TRON has been the most-supported DeFi smart contracts seen in the past two years. In fact, blockchain has accelerated by 49% in terms of TVL as observed in July. In fact, July growth was exponential as TRON’s TVL was seen to surge from $3.95 billion on July 1 to $5.91 billion at the end of July. TRON was establish in 2017 by Founder Justin Sun. TRX is seen to be a....
Once a week, the official Tron Twitter account would tweet out an update for the world to see. The events of the past week, the post claims, have provided Tron with new possibilities. Also during the quarter, Messari published their own report on Tron’s performance. As more data on the token’s side are investigated, the research claims that the future of the protocol is bright, but that mixed signals are spreading doubt to fans and investors. This can be worrisome since low confidence can lead to a sell-off, which can further drive the token’s price down. Even while there....
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron’s TVL rising, the network’s stablecoin USDD has been confronted by skeptics over the similarities USDD holds with Terra’s UST.
Tron Takes the Third-Largest Position in Terms of Total Value Locked in Decentralized Finance Protocols....
A recent report says total Dapps transaction volumes reached $125 Billion in Q3 2020, a figure which is $113 billion higher than in Q2 2020. From these volumes, the Ethereum blockchain accounts for 96% or $119.5 billion of the total created value with the majority of this being attributed to the DeFi ecosystem. Still, the report observes that the EOS and Tron blockchain, where gambling and high-risk category account for 60% of activity, are the only competing chains to offer Ethereum a challenge, albeit a very limited one. Compiled by Dappradar, the report says the Ethereum blockchain was....
The DeFi party and decentralized oracle boom have come to a conclusion, but only now Justin Sun has shown up with a Chainlink impersonator built on Tron. Has the sun set on this trend, or does the crypto project frontman have something revolutionary up his sleeve? Tron Founder Introduces TRX-Built Chainlink Imposter As DeFi Trend […]