{"id":571798,"date":"2022-05-30T17:52:06","date_gmt":"2022-05-30T16:52:06","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=571798"},"modified":"2022-05-30T17:53:26","modified_gmt":"2022-05-30T16:53:26","slug":"trons-tvl-rises-40-usdd-stablecoin","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/trons-tvl-rises-40-usdd-stablecoin\/","title":{"rendered":"Tron’s TVL Rises By 40% On The Back USDD Algorithmic Stablecoin Hopes"},"content":{"rendered":"\n
Quick take:<\/p>\n\n\n\n
Justin Sun\u2019s Tron blockchain has climbed to the third-largest decentralized finance ecosystem after rising by 45% in total value locked over the past 30 days. Tron (TRX) sits third ahead of Avalanche (AVAX) and Solana (SOL) in the DeFi rankings with $5.94 billion in TVL according to data from Defi Lama<\/a>.<\/p>\n\n\n\n While Tron has grown massively over the last month, other chains have experienced significant declines in their TVLs as the broader cryptocurrency market suffered heavy losses. Market leaders like Bitcoin and Ethereum have been on a downtrend since November 2021. <\/p>\n\n\n\n