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In the world of Defi, and among the top 20 blockchain ecosystem platforms, Tron is now ranking in the third position. In addition to that, it is catching up with Binance. Tron is growing fast as its value of assets in stake has risen to $5.8 billion. Tron is just $1.1 billion different from Binance in respect to locked value.
The Tron is the only blockchain platform among the top 20 that is making much profit. They record 41.33% profit every month. This is in contrast to the recent Defi Sector’s massive loss of $90 billion within the past 2 months. In addition to that, in the past seven days alone, the platform has recorded a gain of 33.23%. This gives us the impression that Tron is increasing in momentum (especially in consideration of its performance this month).
The Performance of Tron’s newly released Stable Coin
Early in May, Tron launched its stable coin – USDD. And it has since put up an impressive performance. In May, we witnessed a sudden crash of Terra’s Stable coin – UST. Before the Terra crash, Terra was also successful and this success had opened people’s eyes to some hidden opportunities embedded in stable coins. The supply of USDD, after it was launched some few weeks ago, has now grown beyond $600 million. This is creating an alternative to Terra’s UST although Tron is still coming behind.
Teach Yourself Technical Analysis: Techincal Analysis
