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DeFi News

TRON Grows to Second-Largest Public Chain by Stablecoin Market Cap

The blockchain surpassed the $5 trillion mark in total transfer value.

Written By Rajpalsinh
Published August 2, 2022 1:26 PM
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TRON Grows to Second-Largest Public Chain by Stablecoin Market Cap

Open-source blockchain, TRON achieved a new milestone as its total transfer value has recently surpassed the $5 trillion mark, placing it as Second-largest Public Chain By StableCoin Marketcap. 

Along with this, it has boarded 105 million new accounts as well as recorded 3.6 billion transactions on its blockchain network.

🔥The total transfer value exceeded $5 trillion. 🚀🚀

💪With 105M accounts & 3.6B transactions, #TRON is the 2nd largest public chain by stablecoin market cap & Top3 largest public chain by #TVL. Check out! #TRONStrong #TRON #TRONSCAN pic.twitter.com/aWtY6rjjUt

— TRONSCAN (@TRONSCAN_ORG) August 1, 2022

Furthermore, the network’s total value locked (TVL) has crossed the $11 billion figure. The first lending platform on TRON, JustLend DAO is still acquiring a large piece of cake in TRON’s TVL with $3.56 billion locked in it.

According to TRON network explorer, this accomplishment makes it “the 2nd largest public chain by stablecoin market cap & Top3 largest public chain by TVL.”

Many intellectuals believe that TRON’s partnership with WeFund could be one of the reasons for this exceptional growth. WeFund is the multichain community crowdfunding incubator for blockchain and real-world projects. It strives for user growth in the DApp market and paves more ways to activate TRON-based payments.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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