• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Building a New $10,000 Crypto Portfolio…

2025-07-26

Bitcoin Is About To Have A MONSTER Short Squeeze

2025-07-25

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    Building a New $10,000 Crypto Portfolio…

    2025-07-26

    Bitcoin Is About To Have A MONSTER Short Squeeze

    2025-07-25

    Bitcoin is going down but will be back

    2025-07-25

    Major Signal Flashed!!!

    2025-07-25

    I Had No Clue This Was Happening…

    2025-07-24
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Analysis»TRON ecosystem grows amid increasing DeFi activity
Analysis

TRON ecosystem grows amid increasing DeFi activity

2023-07-31No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The TRON (TRX) network exhibited considerable growth in Q2 in daily active accounts, new accounts, and transactions, as metrics increased by 14%, 13.4%, and 28.9%, respectively, according to a recent report by Messari.

Tron Q2 Growth.

This growth coincided with the launch of BitTorrent Bridge and Stake 2.0, among other developments, showing promising expansion of the network’s capabilities and user engagement.

Messari’s report notes that the surge in network activity boosted revenue by 11.6% quarter-over-quarter in TRX terms, translating to a 22.2% increase when measured in USD.

Interestingly, the revenue growth led to a significant amount of TRX being burned, supporting the token’s value in an otherwise flat-to-down market. TRX outperformed most Layer 1 tokens during the quarter, with its market cap swelling by 14.7% compared to the average 23% decline of other major L1 tokens.

The report also highlighted TRON’s ongoing efforts to expand DeFi as applications and infrastructure providers began integrating TRX liquid staking and the decentralized resource marketplace.

TRON’s most prominent DeFi protocols, such as JustLend, JustStables, SUN, and JustMoney, saw increased Total Value Locked (TVL) during the period, reflecting vibrant activity in the network’s DeFi sector.

Across the network, TVl grew 7% when denominated in dollars, but the underlying amount of TRX fell by 7.9%.

defi tron
Source: Messari/DefiLlama

Additionally, Messari reported that TUSD became the 2nd largest stablecoin on TRON, growing 420% in Q1 and another 76% in Q2. However, USDT still dominates with 92% of the stablecoin value.

However, the TRON network faced challenges during the quarter, particularly in the regulatory landscape. The SEC lodged complaints against several exchanges for engaging in unregistered sales of crypto asset securities, and TRON’s TRX was among those implicated. This regulatory scrutiny created downward pressure on the value of TRX.

See also  The Current State of Solana DeFi

Messari’s report notes that TRON’s future plans align with its ongoing strategies. The ecosystem’s roadmap indicates that three key integrations, Apollo, Star Trek, and Eternity, are on the horizon. These implementations aim to improve network functionality, expanding the versatility and capabilities of the TRON network.

The post TRON ecosystem grows amid increasing DeFi activity appeared first on CryptoSlate.

activity DeFi ecosystem Grows increasing Tron
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

What Is DeFi Staking? Everything You Need to Know

2025-07-07

Top 5 DeFi Crypto That Could RALLY in 2025: Insider Picks

2025-06-22

Bitcoin’s Next BIG Move, BOJ Meeting, Top Defi Cryptos & More

2025-06-16
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Analysis

Kevin O’Leary Says New Crypto Exchange Will Compete With Binance, Become the Largest Ever To Be Regulated

2023-11-14

Shark Tank star Kevin O’Leary says a new crypto exchange is coming that will take…

Blockchain

Matter Labs and iCandy Launch zkCandy: A Game-Changing Web3 Hyperchain

2024-01-18

Singapore — Today, Matter Labs and iCandy have joined forces to usher in a new…

Blockchain

VeChain Involved? New Look Ties the Knot with Blockchain for Sustainability

2023-11-29

New Look, in partnership with TrusTrace, leads sustainable fashion with transparency and corporate responsibility. Blockchain…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Building a New $10,000 Crypto Portfolio…

2025-07-26

Bitcoin Is About To Have A MONSTER Short Squeeze

2025-07-25

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Bitcoin is going down but will be back

2025-07-25
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 118,977.88
ethereum
Ethereum (ETH) $ 3,885.87
xrp
XRP (XRP) $ 3.24
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 853.91
solana
Solana (SOL) $ 192.55
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.242419
staked-ether
Lido Staked Ether (STETH) $ 3,881.71
tron
TRON (TRX) $ 0.325631
bitcoin
Bitcoin (BTC) $ 118,977.88
ethereum
Ethereum (ETH) $ 3,885.87
xrp
XRP (XRP) $ 3.24
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 853.91
solana
Solana (SOL) $ 192.55
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.242419
staked-ether
Lido Staked Ether (STETH) $ 3,881.71
tron
TRON (TRX) $ 0.325631