The Tron blockchain outperformed most DeFi projects in terms of protocol revenue. Longs were liquidated as TRX failed to make a significant increase. According to DeFi Llama, Tron [TRX] improved its protocol revenue as of 15 February. The protocol revenue is calculated by considering the protocol’s supply side actors and combining it with the liquidity […]
Total Value Locked [TVL]
So, the increase implied that Tron was a top beneficiary of asset lock ups into DeFi contracts. However, the Tron landmarks per its TVL did not seem to extend to every part of the blockchain., the total NFT trades volume under the Tron blockchain was 125,00. Usually, a hike would contribute to the fees and revenue, but it seemed that digital collectibles restricted participation.
However, development activity was at its peak. This metric describes a project’s allegiance to continually upgrade the state of its network. Since Tron’s development was at the year’s highest, there was no doubt that the developers contributing their part were putting in work.Although Tron may have recorded giant strides, traders downplayed the motive of opening more contracts for TRX.
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