Member-only story
#tron #blockchain #stablecoin
Executive Summary
- TRON ranks the 2nd position of all top chains in terms of TVL (9.78%, Ethereum 55.86%). TRX token ranks 6th in terms of MarketCap (around 13B, BTC 1198B, ETH 282B).
- TRON trading volume had a spike starting 20 Aug and lasted for over a week, while Ethereum trended downwards, the growth is due to the jointly launching of SunPump platform (which is the first memecoin fair launch platform on TRON) during Aug and the active promotion of SunPump and incentive programs. The dominant protocols JustLend and JustStable also contributed to the growth with offering high token APY.
- About Meme on TRON: SunPump.meme tokens transactions rapidly grew mid Aug, but recently the trend had declined to about 500 transactions a day. Compared to other major meme platforms, sunpump.meme seems to have a short lifespan and low user engagement.
- Tron’s TVL is majorly from Lending (33.7%), Restaking (18.4%) and Dexes (17.6%) which accounted for 69.7% of total TVL. The dominant protocols are JustLend and JustStable which contribute to nearly 100% of the total TVL share.
- Besides, the active addresses grew since Apr and June and kept this momentum til Sep and the number of transactions increased as well. Few major reasons for the growth are
