Tron network deposits drop to 6-month low as TRX price rallies Trouble in paradise?

Trons total value locked plummeted to a six-month low of $7.6 billion as TRX price rallied. Cointelegraph investigates.

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60k BTC and 60k ETH on Justin Sun's Tron Seem Unbacked

Crypto analyst ErgoBTC suggests 60k TRC20 BTC and 60k TRC20 ETH tokens on Justin Sun's Tron network, currently in JustLend protocol, appear unbacked, implying a $1.8B non-existent TVL. (Read More)

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Exclusive: Is Justin Sun’s Tron the Next FTX? USDD Back Doors Raise Concerns

A DailyCoin exclusive investigation into Tron and USDD uncovers misreported reserves, insolvency concerns, smart contract vulnerabilities, and more.

Continue reading Exclusive: Is Justin Sun’s Tron the Next FTX? USDD Back Doors Raise Concerns at DailyCoin.com.

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TRON [TRX] Surpassed BNB Chain To Reach Top 2 In DeFi TVL

TRON [TRX] overtook BNB to become the second highest chain worldwide at $5.82 billion in the latest DeFi TVL rankings. On July 1, the protocol’s TVL was $3.95 billion and rose to $5.91 billion on the last day of the month, an increase of 49%. TVL is the most significant DeFi indicator as it denotes […]

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Decentralized Finance Sector Consolidates as $44B TVL Fails to Break $50B Barrier

As of July 17, 2023, the decentralized finance (defi) sector has been witnessing a great deal of consolidation with total value locked (TVL) figures standing at $44.19 billion. Throughout most of the year in 2023, except for a brief period of seven days in April, the TVL in defi has consistently remained below the $50 [...]

The post Decentralized Finance Sector Consolidates as $44B TVL Fails to Break $50B Barrier appeared first on Crypto Breaking News.

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Value Locked in Defi Holds the Line at $50B, After Temporarily Shedding $8B in Mid-March

The total value locked (TVL) in decentralized finance (defi) during the first week of April is about $50 billion, roughly the same as on March 1. The value locked dropped to $42 billion on March 12 but has since rebounded as protocols such as Lido Finance, Aave, and Justlend recorded double-digit monthly gains. After the [...]

The post Value Locked in Defi Holds the Line at $50B, After Temporarily Shedding $8B in Mid-March appeared first on Crypto Breaking News.

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