Tron (TRX) Surges 10% Higher Amid Ongoing Pivot to DeFi
Tron (TRX) has surged 10% in the past 24 hours, defying a stagnation in the price of both Bitcoin and Ethereum around local lows. For context, BTC and ETH have both gained around 1% in the past day. TRX’s rally comes as the blockchain has been seeing an ongoing pivot to offer decentralized finance (DeFi) […]
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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....
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....
Tron price is gaining pace above $0.0780 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0800 resistance. Tron is moving higher above the $0.0750 pivot level against the US dollar. The price is trading above $0.078 and the 100 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $0.0770 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.088 or even $0.10. Tron Price Breaks Higher In the last Tron price prediction, we discussed the....
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 […]
APENFT Foundation steps up its efforts to support promising and emerging non-fungible token projects on the Tron network. The company announced a new strategic collaboration with Tron Cool Cats — a spin-off of the Ethereum-based collection. This new partnership will focus on providing ongoing marketing and product development support to Tron Cool Cats. Following the […]