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The total value locked in the decentralized internet blockchain Tron has surged to $6 billion, driven by a rising value in its native stablecoin.
Source: DeFi Llama
TRXUSD is up +1.81%
Tron’s algorithmic stablecoin USDD has recorded an increase in its market capitalization to $600 million, defying the shocks in the sector that caused the collapse of TerraUSD. USDD was launched in May.
Tron’s TVL has overtaken Avalanche, Solana, and Polygon to tank as the third-largest chain after Ethereum and BNB.
The protocol that has the most value locked in the network is JustLend, among the nine protocols leading in the lending category.
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