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The Total Value Locked On Tron Reaches $9.5 Billion

Twitter icon  •  Published 3 years ago on April 13, 2022  •  Hassan Maishera

According to the Tron team, the total value locked (TVL) on the Tron blockchain has now reached $9.5 billion.

The Total Value Locked On Tron Reaches $9.5 Billion

On Tuesday, TronDAO provided a weekly update to its community via Twitter. According to the team, the total value locked (TVL) on the Tron blockchain has now reached $9.5 billion. Furthermore, the total number of accounts on Tron has surpassed 85 million, while the network has processed over three billion transactions.

TRON is a public blockchain attempting to become the core infrastructure for a decentralized internet. TRON relies on a Delegated Proof-of-Stake (DPoS) mechanism in which 27 Super Representatives rotate every 6 hours to validate blocks and transactions.

TRX is down by up more than 1% so far today and is trading at $0.06023 at press time.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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