Tron’s TVL Rises By 40% On The Back USDD Algorithmic Stablecoin Hopes

Quick take: Total value locked on Tron grew over 40% in the last 30 days. It’s now the third-largest DeFi protocol with $5.92 billion in TVL. Other DeFi chains plummeted in contrast to the Justin Sun-founded blockchain. Major competitors like Avalance and Solana dipped more than 30% in TVL over the last month. Only Ethereum and Binance Smart Chain are currently ahead. The rise in Tron’s backing could stem from its recently launched USDD algorithmic stablecoin. USDD adopts a similar […]