CandleFocus Tron’s TVL Reaches New Record of $36.2 Billion
2024-12-05
Author: Content Editor
The Tron blockchain has reached a new all-time high with a total value locked (TVL) of $36.2 billion, demonstrating its increasing popularity among decentralized finance (DeFi) users. Tron's native token, TRX, also achieved a record-high price of $0.44 before pulling back to $0.33. Speculation about TRX's potential inclusion in Grayscale's investment assets has fueled optimism for institutional support. Tron founder Justin Sun's involvement with Donald Trump's initiative and his engagement with conceptual artwork have also boosted interest. Additionally, Tron's stablecoin market cap has been steadily increasing, with USDT dominating with a 98% market share. TUSD experienced the largest growth, surging by 87% quarter-over-quarter.
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