In the last year, the Tron blockchain has experienced an increase in activity. This can be good news for the price of their native token, TRX, in the long run.
Tron transforms into a transfer platform for USDT by offering cheaper and faster transactions than the standard banking system.
According to current figures, DEX in Tron holds more than US$900 million or around Rp14,6 trillion in the form of total value locked (TVL), but user interest peaks during this period.
The increasing value of TVL shows that people use decentralized applications (dApps) to transact and put large amounts of capital on the Tron-based platform.
This also shows that users trust Tron's financial infrastructure. When TVL is high, more platform users choose better trading opportunities and earn more for their investment.
The growth of Tron's TVL DEX is on par with other major blockchains allowing users to conduct decentralized financial transactions.
Retail Users Are Important, But Institutional Users Are More Meaningful
Early DeFi adoption came from retail users, but the regular growth of TVL requires institutions to invest in DeFi projects to get results.
It has been proven that when TVL increases, blockchain projects follow the price spike. The growth of DeFi on the blockchain shows signs of an increase in the price of TRX.
In addition, the number of active addresses moved between 12,6 million to 16,4 million during the last year, according to CryptoQuant data.
This number shows Tron's stable active user base because it chooses a decentralized transaction platform instead of CEX for their transactions. This stability occurs because people are still using the platform, but their transaction methods have changed.
Many users choose a platform-free decentralized tool rather than a centralized one because it increases security and independence and provides effective transaction processing.
USDT becomes the main driver of Tron to produce large transactions in various trading places. USDT trading data shows, businesses use this cryptocurrency a little in centralized exchanges, but more in decentralized platforms.
USDT trading in Tron is moving towards decentralized, while this volume remains stable on a centralized platform.oo
The broader market trend of users who want independent control over their assets pushes them towards a decentralized platform.
The Tron DeFi protocol accepts many USDT transactions on-chain, showing broad market adoption by increasing the development of decentralized applications in the future.
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