Amid strong growth in the cryptocurrency prices in August, TRX and its blockchain reached one hight after another. Due to the TRONSCAN blockchain scanner, TRON's TVL metric reached $ 10 033 522 984 on August 16, crossing the $ 10 billion threshold.
TVL (The Total Lock Value) is an important signal to each of the potential investors in the ecosystem to rise tokens of TRON in price - of all tokens involved in smart contracts. TVL also takes into account the value of TRKS frozen tokens, the first DeFi ecosystem on the TRON network - JUST, and the system SUN - the first complete TRON platform, including a stable exchange, token mining and autonomy.
Justin Sun, BitTorrent founder and CEO of TRT, said:
The total value set by TRON and exceeding the $ 10 billion mark is an important milestone that confirms the significant performance of TRON. DeFi also proves investor investment in the TRON ecosystem. We welcome you and invite you to enjoy the wide range of DeFi apps on TRON and their benefits.
As a fair, productive and secure blockchain platform, TRON boasts a fully developed DeFi ecosystem and over 51 million accounts and thousands of TPS classes that consistently care for highly efficient DeFi. As such, TRON has surpassed many other blockchains and is increasingly attracting DeFi developers looking for cheap and fast public networks.
As TVL TRON grows, TRON is expected to become the strongest driver of confidence in DeFi projects and a magnet for investors in the public TRON series. Going forward, TRON will focus on the depth of DeFi products to encourage fair distribution of rewards to validators supporting the low cost of operations and security of the blockchain network.