TRON is one of the few cryptocurrencies that has performed well despite recent market volatility. TRON reached a number of significant milestones in a short period of time during the month of May. USDD, a TRON-based stablecoin, was introduced on May 5 and quickly rose to the top 100 on CoinMarketCap. According to industry experts, the acquisition of USDD stablecoin is a significant driver of TRON’s recent developments. As of Wednesday, June 1, USDD had over $667 million in circulating supply and had burnt over 8 billion TRX.
The global cryptocurrency market was valued at $3 trillion in November of last year; it is currently valued at $1.2 trillion. For a long time, cryptocurrency values have been in the red, with most digital currencies losing double digits.
TRON now ranks third among all public chains by TVL at $6.17 billion, according to figures provided by DefiLlama, one of the top TVL aggregators for DeFi. TRX surpassed AVAX to become the 13th-largest cryptocurrency by market cap on Thursday, May 26th, according to CMC.
TRON has more active addresses than BTC, ETH, XRP, Link, XLM, and BNB as of Sunday, May 29. This is in addition to the fact that TRON has the most active addresses when compared to BNB, BTC, ETH, and other cryptocurrencies.
Fireblocks, one of the world’s biggest and most popular digital asset and crypto infrastructure platforms, just announced support for TRX and all TRC-20 TRON blockchain assets. Crypto Finance, a subsidiary of Deutsche Börse, now offers TRX storage, custody, and trading, allowing TRX to be accessible over the entire Deutsche Börse network.
