• Tron has become the second-largest blockchain in terms of Total Value Locked (TVL).
• Its TVL has surged to $5.229 billion, representing 13.97% of the total market.
• This surge is attributed to its recent partnership with decentralized exchange Curve Finance and other notable blockchains like BNB Smart Chain, Arbitrum, Polygon, Optimism, and Avalanche in terms of TVL.
Tron Emerges as Second Largest Blockchain
Blockchain News Tron secured the second position in Total Value Locked (TVL) among all the blockchains. Tron’s TVL has surged to $5.229 billion, representing 13.97% of the total market.
Recent Developments
Tron network has experienced significant development this year, surging to become the second-largest blockchain in terms of Total Value Locked (TVL). TVL represents the total amount of cryptocurrency assets locked within decentralized finance (DeFi) protocols and platforms on a specific blockchain.
Ranking & Statistics
According to the data from DefiLlama, TRON’s TVL has now reached $5.229 Billion, or 13.97% of the total market, overtaking the BNB chain. However, Ethereum is the first blockchain with a TVL of $21.49 billion, representing 57.43% of the entire market.
Factors Behind Surge
TRON’s remarkable achievement has been attributed to several factors, including its recent partnership with decentralized exchange Curve Finance. This move appears to have contributed to TRON surpassing other notable blockchains like BNB Smart Chain, Arbitrum, Polygon, Optimism, and Avalanche in terms of TVL.
Price & Trading Volume
At the time of writing, the trading price of Tron’s native token TRX stood at $0.07641 Holds a daily trading volume of $6.8 billion which soared 5