Amidst a broader market resurgence, the Tron blockchain has been seeing impressive strength.\u00a0In fact, the total value locked (TVL) on the blockchain surged to $36.2 billion on December 4.<\/p>\n
This figure<\/a> marked a new all-time high for the network, demonstrating growing appeal among decentralized finance (DeFi) users. The achievement reflects the increasing adoption of Tron\u2019s infrastructure for DeFi applications, stablecoin transactions, and smart contract functionality.<\/p>\n The latest development comes as Tron\u2019s TRX token achieved<\/a> a record-high price of $0.44 this week, breaking a seven-year streak and marking a major milestone for the network. Although it has since pulled back to $0.33, the token still stood at weekly gains of 66% as it finally reclaimed the 10th spot by market cap.<\/p>\n Several factors are driving this rally, including speculation about TRX\u2019s potential inclusion in Grayscale\u2019s portfolio of investment assets. Grayscale previously announced TRX as one of 35 tokens being evaluated, with quarterly updates expected, fueling optimism for institutional support.<\/p>\n Beyond this, Tron founder Justin Sun has also played a pivotal role in amplifying interest. Sun recently spent<\/a> $30 million on WLFI tokens associated with Donald Trump\u2019s initiative called \u2018World Liberty Financial\u2019 and even took on an advisory position. Moreover, his involvement<\/a> with the conceptual artwork \u201cComedian\u201d has spurred community engagement, with ripple effects boosting activity for related tokens like BAN.<\/p>\n Meanwhile, Messari\u2019s recent report<\/a> revealed that the stablecoin market cap on Tron has seen a consistent upward trajectory over the past year, with Q3 maintaining that momentum. During the quarter, the market cap increased by 3% quarter-over-quarter, rising from $58.02 billion to $59.97 billion. This figure currently stands<\/a> at a little over $60 billion, as per DeFiLlama.<\/p>\n USDT continued to dominate the stablecoin landscape on Tron, holding a steady 98% market share. Other stablecoins also showed growth in Q3. USDD, the second-largest stablecoin on Tron, increased marginally by 0.11% quarter-over-quarter, from $729.9 million to $730.6 million.<\/p>\n Notably, TUSD experienced the largest growth percentage-wise, surging by 87% quarter-over-quarter, from $89.1 million to $166.6 million. USDJ rounded out the top four, rising 4% during the same period, and concluded Q3 with $70.7 million.<\/p>\n The post Tron\u2019s TVL Reaches New Record of $36.2 Billion<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Amidst a broader market resurgence, the Tron blockchain has been seeing impressive strength.\u00a0In fact, the total value locked (TVL) on the blockchain surged to $36.2 billion on December 4. This figure marked a new all-time high for the network, demonstrating growing appeal among decentralized finance (DeFi) users. The achievement reflects the increasing adoption of Tron\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":26166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26165"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26165"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/26166"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}New Peak For TRX<\/h2>\n
Stablecoin Ecosystem on Tron Network<\/h2>\n