TRON May Overtake Binance Network in Total Value Locked in DeFi

According to DefiLlama, TRON is experiencing growth in its DeFi ecosystem and is currently the third largest blockchain in terms of Total Value Locked (TVL), trailing only Ethereum and BSC (BNB). With a TVL of $5.8 bln, TRON is approaching Binance Chain's TVL of $6.9 bln.

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 past week – by 33.23%. Against the backdrop of a total loss of $90 bln in the DeFi sector due to the collapse of Terra, TVL TRON’s growth looks encouraging.

One of the reasons for the success of the TRON blockchain is the recent launch of the USDD stablecoin. The total supply of the stablecoin since May 5, 2022 has reached 601 mln USDD. It is ranked 77th by market capitalization according to CoinMarketCap.

Image: The Coin Republic