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Tron’s (TRX) DeFi Ecosystem Exceeds $5.7B in Total Value Locked


ethereumworldnews.com February 24 2021 15:39, UTC
Reading time: ~1 m

In brief:

  • 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.


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