The Tron-powered dapp ecosystem ranked third in the DeFi Llama ranking. Its TVL is up more than 48% in a month, approaching $6 billion.
Tron is second only to Ethereum and BNB Chain in the overall ranking.
Data: DeFi Llama.
Among the top 10, only Tron has shown growth over the past month – the TVL of the rest of the ecosystems has dipped significantly. For example, Avalanche fell by 52.9%, Fantom by 55.42%.
The fastest growing leader in the Tron DeFi ecosystem is the JustLend landing platform. Its TVL increased by 58.45% in a month, approaching $3 billion.
Data: DeFi Llama.
Journalist Colin Wu suggested that the reason for the rapid growth of the indicator is related to the algorithmic stablecoin USDD. However, the capitalization of the “stablecoin” is relatively low – just over $600 million.
Data: CoinGecko.
For comparison, the capitalization of the decentralized stablecoin DAI from MakerDAO is $6.3 billion.
The developers have announced the launch of the StarkNet Dai Bridge, which will allow DAI to move between Ethereum and StarkNet’s high-performance layer 2 network.
Recently, Tron founder Justin Sun stated that USDD algorithmic stablecoin will continue to develop despite the collapse of UST and LUNA.
Recall that since the beginning of the year, the DeFi segment has “lost” $ 130 billion.
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