What is the Tron network waiting for?

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What is the Tron network waiting for?

create [TRX] is one of the protocols that has benefited greatly from the recent surge in market optimism. Not only has the price increased over the past month, but activity on its protocol has also increased.

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The first level ranks first

According to the latest data, Tron surpasses all other layer-1 networks in terms of activity.

Layer 1 network activity#chuang $TRX #BNBCchain $BNB #NEARProtocol $NEAR #bitcoin Bitcoin USD #polygon $MATIC #Ethereum $ETH #solana $SOL #sui $SUI #cardano $ADA #universe $atom

source: @Artemis__xyz pic.twitter.com/U7hxnTROIS

— Sur | AltCryptoGems (@AltCryptoGems) November 3, 2023

Tron’s recent achievements in surpassing all other layer-1 networks in this space have the potential to yield some positive results.

First, it enhances Tron’s status and reputation in the community Blockchain. This achievement demonstrates the technical strength and reliability of the network, making it a more attractive option for developers and users.

Additionally, this may lead to an increase in adoption as developers and projects may be more inclined to build on Tron due to its superior performance.

Both decentralized applications (dApps) and network activity are expected to increase.

Tron’s new rise also gives it a competitive advantage in the blockchain space. It positions the network as a powerful player, attracting interest from investors and businesses looking for a trustworthy blockchain platform.

Check out DeFi metrics

From the field of view Decentralized Finance, Tron’s TVL and DEX trading volume increased significantly.First, the massive increase in TVL indicates more assets are being locked into the protocol Decentralized Finance on the TRON network.

This could lead to a more secure and robust DeFi environment, attracting users and developers looking for a more secure platform.

Higher DEX trading volume indicates increased trading and liquidity in the network. More trading activity generally means a more vibrant and active DeFi ecosystem that can attract the attention of traders and investors.