Amidst a broader market resurgence, the Tron blockchain has been seeing impressive strength. In fact, the total value locked (TVL) on the blockchain surged to $36.2 billion on December 4.

This figure marked a new all-time high for the network, demonstrating growing appeal among decentralized finance (DeFi) users. The achievement reflects the increasing adoption of Tron’s infrastructure for DeFi applications, stablecoin transactions, and smart contract functionality.

New Peak For TRX

The latest development comes as Tron’s TRX token achieved a record-high price of $0.44 this week, breaking a seven-year streak and marking a major milestone for the network. Although it has since pulled back to $0.33, the token still stood at weekly gains of 66% as it finally reclaimed the 10th spot by market cap.

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

Beyond this, 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 position. Moreover, his involvement with the conceptual artwork “Comedian” has spurred community engagement, with ripple effects boosting activity for related tokens like BAN.

Stablecoin Ecosystem on Tron Network

Meanwhile, Messari’s recent