Tron's (TRX) DeFi Ecosystem Exceeds $5.7B in Total Value Locked 20
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...
Tether USDT
Quick take: Tether’s (USDT) market cap has increased by 44.9% since the beginning of 2021 hitting $30.33 Billion Demand for stablecoins has increased as traders look for fiat onramps Furthermore, DeFi on both Tron and Ethereum has accelerated the use of USDT The market capitalization of Tether (USDT) has increased...
Tron's Justin Sun Joins r/WallStreetBets, Pledges to Buy $10M in GME 23
Summary: Justin Sun is officially part of the WallStreetBets community He has pledged $10 million towards buying Gamestop (GME) Mr. Sun had initially pledged $1 Million worth of Gamestop (GME) The WallStreetBets community is now very much interested in Tron (TRX) The Founder of Tron (TRX), Justin Sun, has just...
Over $9.3 Billion Tether (USDT) has Been Issued on Tron (TRX) 25
Quick take: $9.395 Billion in Tether (USDT) has been issued on the Tron (TRX) blockchain Justin Sun celebrated the milestone, highlighting that it took 644 days to acheive Demand for USDT on Tron is growing due to cheaper more efficient transactions Tron also hosts WBTC, WETH and WLTC with Justin...
Tron (TRX) Makes an Entry into NFTs with the TRC-721 Standard 26
Summary: Tron (TRX) has launched its first NFT standard dubbed TRC-721 The NFT standard was launched to allow each token to have its own unique value The NFT market on the Ethereum blockchain has been thriving with some tokens fetching 6 figures The Tron (TRX) network now has its own...
Tron's Daily Active TRX Wallets Hit All-Time Highs in November 27
Quick take: The number of daily active Tron wallets hit an all-time high in November According to DappRadar, this figure exceeded 150k Tron’s total transaction volume in November was $578 million, a 13% decrease from October High-risk Dapps are a major contributor to Tron’s transaction volume The blockchain network of...
Ethereum is now a Wrapped Token on the Tron (TRX) Network 28
Quick take: Justin Sun announced the launch of wrapped Ethereum on the Tron Network The token goes by the ticker of ETHTRON The Wrapped Ethereum injects ETH’s value on the Tron network It is available on Poloniex and redeemable on a 1:1 ratio with actual Ethereum The digital asset of...