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Tron’s Total Value Locked Surpasses $8 billion

Share on X icon · Published 4 years ago on March 8, 2022 · Hassan Maishera

The Tron team published its weekly network upgrade a few hours ago, announcing that the total value locked (TVL) on the blockchain has now surpassed $8 billion.

Tron’s Total Value Locked Surpasses $8 billion

The Tron team published its weekly network upgrade a few hours ago, announcing that the total value locked (TVL) on the blockchain has now surpassed $8 billion. The blockchain heights also exceeded 38.58 million while the total number of accounts on TRON reached 79,851,609.

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 less than 4% so far today and is trading at $0.06077 at press time.

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Author

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Hassan Maishera
Hassan Maishera Senior Reporter

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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