TRON Might Overtake Binance Chain in Total Value Locked in DeFi

ICYMI: Tron is inching closer to flipping Binance Chain in DeFi's total value locked $USDD

data, and currently ranks as the third largest blockchain in terms of total value locked, trailing only Ethereum and the BSC . With a total value locked of $5.8 billion, TRON nears the Binance Chain's TVL of $6.9 billion.TRON remains the only blockchain among the top 20 recording gains, with a monthly gain of 41.33%.

It has also gained in the last seven days, rising 33.23%. In comparison, the DeFi sector as a whole has lost about $90 billion in liquidity since last month, with the most prominent blockchains' total value locked down by 30 to 70% as a result of Terra's implosion. Tron currently outperforms prominent Layer 1 networks like Avalanche and Solana at its current TVL.

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