• Tron’s TVL growth outperformed most top networks apart from Ethereum.
• TRX receives a boost as the bullish outcome on 13 July pushed its marketcap to a new monthly high.

We recently looked into how the Tron blockchain has been tapping into growth through stablecoins. The network’s growth has attracted a lot of liquidity and this was evident through its TVL growth over the last few months.

Is your portfolio green? Check out the Tron Profit Calculator

A recent analysis looked into the top blockchain networks by total value locked (TVL) revealed that Tron had the second-highest TVL in the first half of 2023. According to the analysis, it outperformed all other networks except for the Ethereum blockchain which was the leading network in terms of TVL.

Besides Ethereum, here are the top 10 blockchains with the highest TVL in H1/2023

Tron
BNB Chain
Arbitrum
Avalanche
Polygon
Optimism
Solana
Fantom
Kava
Cronos pic.twitter.com/shcSYJYBEP

— Coin98 Analytics (@Coin98Analytics) July 13, 2023

Tron’s TVL hovered around $5.79 billion at the time of writing. A significant improvement from its lowest YTD level of just over $4 billion. However, this was still lower than its $6.7 billion all-time high peak in November 2021.

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Author: Michael Nderitu

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