Home » Business » The Tron network share of the stablecoin market continues to grow From Happy Coin News

The Tron network share of the stablecoin market continues to grow From Happy Coin News

Happycoin.club – According to the analytical platform Coin Metrics Network, the supply of stable on the blockchain has reached $61.1 billion The smallest share of stock was 46.6 billion.

However, Tron is still far behind the network, which leads the stable market with a supply of $ 89.7 billion This is equivalent to 55.7% of the total.

The increase in supply in Tron coincided with an increase in the number of transactions in the blockchain, which grew by 5.1% over the past 30 days, and since the beginning of the year by 158% and reached e $ 58.75 billion networks, the figure has increased by 103% since January and 46.5% respectively. The number of stablecoin transactions fell by 75% over the same period.

Another Tron metric has been growing this year as well. Therefore, the network has seen an increase in DeFi activity, since the total locked value of assets (TVL) in the blockchain has reached $ 10.55 billion at the beginning of August, TVL is at $ 7.617 billion The Tron network has gone up 27% since early January, reaching $1.5 million by August 16.

The price of the TRX network’s native token has increased by 80% over the past 12 months. today stands at 0.133 $.

Read the original article on Happycoin.club

2024-08-17 13:48:00
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