🚀 In the context of the recovering market, the Tron blockchain recorded impressive strength with a total value locked (TVL) reaching a record $36.2 billion on December 4th. This indicates the increasing appeal of Tron to DeFi users, stablecoin trading, and smart contracts.
🔝 TRX, the token of Tron, also reached its highest historical price of $0.44, with a 66% increase over the week, returning to the 10th position in market capitalization. This growth is driven by expectations that TRX could be added to Grayscale's investment portfolio.
The stablecoin ecosystem on Tron is also thriving, with a steadily increasing market capitalization, surpassing $60 billion. USDT dominates with a 98% market share, while TUSD saw an impressive growth of 87% in Q3.