DeFi on TRON could bypass BSC on TVL

The total locked value of funds in DeFi applications on the TRON blockchain is skyrocketing. According to the analytical service DefiLlama, the TVL in the TRON blockchain is $5.8 billion.

Experts note an increase in user activity in the DeFi ecosystem of the TRON blockchain. Over the month, this figure increased by 41.33%. Over the last week - by 33.23%. Against the backdrop of a total loss of $90 billion in the DeFi sector due to the collapse of Terra, the growth of TVL on TRON looks encouraging.

 

 

Currently, this blockchain is in third place in the TOP ecosystems in terms of the total value of funds locked. In the first and second places are Ethereum and BSC (BNB). The difference with Binance Chain is only 18% ($6.9 billion).

The TRON blockchain owes much of its success to the recent launch of the USDD stablecoin. The total supply of this coin since May 5, 2022 has reached $600 million. It ranks 74th in terms of capitalization according to CoinMarketCap.

If you decide to try your hand at the world of cryptocurrencies, do it with a trusted and reliable partner - FTX

CoinShark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources . Cryptocurrency is a high-risk asset, investing in it can lead to losses. Readers should do their own research before taking any action.

Bitsler Casino