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Tron’s TVL Is Now In The Top 3

Twitter icon  •  Published 3 years ago on May 23, 2022  •  Hassan Maishera

The TronDAO announced via a tweet on Monday that the Tron Network occupies third place in terms of the total value locked (TVL) on a blockchain.

Tron’s TVL Is Now In The Top 3

The TronDAO announced via a tweet on Monday that the Tron Network occupies third place in terms of the total value locked (TVL) on a blockchain. Tron has overtaken Avalanche to clinch the third spot and is now behind BNB Chain and Ethereum. 

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 up by more than 4% so far today and is trading at $0.07721 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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