Tron TVL Hits New High of $36.2 Billion

Amid a broader market resurgence, the Tron blockchain has seen impressive strength. In fact, the total value locked (TVL) on the blockchain jumped to $36.2 billion on December 4.

This figure marked a new record for the network, demonstrating the growing appeal among decentralized finance (DeFi) users. This achievement reflects the growing adoption of Tron’s infrastructure for DeFi applications, stablecoin transactions, and smart contract capabilities.

New peak for TRX

The latest development comes as Tron’s TRX token hit a record price of $0.44 this week, breaking a seven-year streak and marking a major milestone for the network. Although it has since returned to $0.33, the token still posted weekly gains of 66% and eventually reclaimed 10th place in terms of market capitalization.

Several factors are driving this rally, including speculation about the potential inclusion of TRX in Grayscale’s portfolio of investment assets. Grayscale previously announced that TRX was one of 35 tokens under evaluation, with quarterly updates expected, fueling optimism for institutional support.

Beyond that, Tron founder Justin Sun has also played a pivotal role in amplifying interest. Sun recently spent $30 million on WLFI tokens associated with Donald Trump’s initiative called “World Liberty Financial” and even took on an advisory role. Additionally, his involvement in the “Comedian” concept work boosted community engagement, with ripple effects boosting activity in associated tokens like BAN.

Stablecoin ecosystem on the Tron network

At the same time, Messari’s recent report revealed that Tron’s stable market capitalization has seen a steady upward trajectory over the past year, with the third quarter maintaining that momentum. During the quarter, the market capitalization increased by 3% quarter-over-quarter, from $58.02 billion to $59.97 billion. This figure currently stands at just over $60 billion, according to DeFiLlama.

USDT continued to dominate the stablecoin landscape on Tron, holding a 98% stablecoin market share. Other stablecoins also showed growth in the third quarter. USDD, the second largest stablecoin on Tron, increased slightly by 0.11% quarter-over-quarter, from $729.9 million to $730.6 million.

Notably, TUSD saw the largest growth in percentage terms, increasing 87% quarter-over-quarter from $89.1 million to $166.6 million. USDJ rounded out the top four, up 4% during the same period, and concluded the third quarter with $70.7 million.