Tron DAO celebrates $20 billion in DeFi TVL

Published: November 17, 2023

Written by:Sam

Tron’s network has $19.8 billion in locked TVL.

With Tron’s TRX token on the rise, Tron’s TVL is also on the move. On November 13th the team announced that Tron reached a TVL of around $20 billion.

TVL, or, total value locked, represents the amount of assets active on a decentralized network.

Active on a decentralized network includes staking protocols, lending and borrowing services, decentralized financial applications being used, and various goings in a blockchain network.

As a leading layer 1 blockchain network in the cryptocurrency market, it’s not surprising how Tron’s TVL is so huge. 

Over the past 2 weeks, Tron’s native TRX token has climbed +11% as Bitcoin rallied towards half of its all-time high price.

Many investors and traders are hoping for high green candles on Tron’s TRX token due to developments on the network during the bear market and positive sentiments around layer 1 networks.