• Tron’s total value on-chain also grew consistently in 2023. 
• TRX was up by 1% in the last 24 hours, but metrics looked bearish.

The year 2023 was full of achievements for Tron [TRX] as it reached several milestones on multiple fronts. Starting from becoming the top blockchain by active addresses to considerable growth in the DeFi ecosystem, Tron has outperformed its peers over the years.

Coin98 Analytics recently posted a tweet highlighting Tron’s growth in DeFi.

Tron’s DeFi space is flourishing

Coin98 Analytics posted a tweet highlighting Tron’s journey in 2023 in the DeFi ecosystem.

As per the post, BNB Chain [BNB] had the highest total value locked (TVL) at the beginning of 2023. However, things changed over the next few months as Tron flipped BNB to become the blockchain with the highest TVL.

This clearly reflected TRX’s growth, as the higher the TVL, the more trustworthy the blockchain is perceived to be.

At the end of 2023, besides #Ethereum, here are the top 10 blockchains with the highest TVL:

Tron
BNB Chain
Arbitrum
Solana
Blast
Optimism
Avalanche
Polygon
Base
Cardano pic.twitter.com/jvgGvJCwKN

— Coin98 Analytics (@Coin98Analytics) December 31, 2023

AMBCrypto’s analysis of TRONSCAN’s data

Go to Source to See Full Article
Author: Dipayan Mitra

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