Tron’s (TRX) DeFi Ecosystem Exceeds $5.7B in Total Value Locked
- Total value locked in Tron’s DeFi ecosystem has now exceeded $5.7 Billion
- Tron’s proposal 51 has increased investors confidence in TRX as the digital asset is now deflationary
- TRX’s value has more than doubled in value since the beginning of the year
The Tron (TRX) Defi ecosystem has reached a new milestone in the form of total value locked. According to the project’s founder and CEO, Justin Sun, over $5.7 Billion is now locked on the various DeFi protocols on the Tron network. Mr. Sun shared this milestone with the crypto community via the following tweet.
🎊Total Value Locked(TVL) in #TRON #DeFi Exceeded $5.7 Billion!
🚀TVL increased by $4.5 Billion which stands for a 375% increase compared with data on Feb 10.
💪#TRON #DeFi Ecosystem keeps going well! pic.twitter.com/OKTVTv9bEE
— Justin Sun🌞 (@justinsuntron) February 24, 2021
Tron is Now a Deflationary Asset as a result of Proposal 51
Also worth mentioning is that Tron is now a deflationary asset thanks to the implementation of proposal 51 by the network’s Super Representatives. According to data provided by Tron community member the perfect environment for TRX to thrive.