{"id":28494,"date":"2022-05-30T12:21:01","date_gmt":"2022-05-30T16:21:01","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=28494"},"modified":"2022-05-30T12:23:18","modified_gmt":"2022-05-30T16:23:18","slug":"why-is-tron-trx-one-of-the-best-performing-tokens-in-may","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/why-is-tron-trx-one-of-the-best-performing-tokens-in-may\/","title":{"rendered":"Why Is TRON (TRX) One Of The Best Performing Tokens In May?"},"content":{"rendered":"\n
Despite the recent market crash, the TRON chain and its native token TRX moved against the tide and surpassed other major cryptocurrencies<\/a>.<\/h5>\n\n\n\n
\"Why<\/figure>\n\n\n\n

The success of TRON's stablecoin USDD has had a significant impact on the increase in Tron's total value locked (TVL).<\/p>\n\n\n\n

TRX has increased by roughly 30% in the last 30 days, much surpassing the widespread decline in the crypto market. It has a market capitalization of more than $7.67 billion.<\/p>\n\n\n\n

TRX receives major boost from USDD<\/strong><\/h3>\n\n\n\n

USDD has crossed a critical milestone in its attempt to fill the void left by TerraUSD's collapse<\/a>. Within the first month of its launch, the stablecoin's total supply has managed to surpass 601 million. The TRON chain has undoubtedly benefited from a surge in its market capitalization, making it the greatest gainer. TRON's TVL has increased by more than 13% in the last 7 days. Meanwhile, the USDD's 24-hour trading volume has increased by 37% to stand at over $85 million.<\/p>\n\n\n\n

Over the last month, TRON's TVL\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> has climbed by a whopping 45%. It presently has a locked value of $5.94 billion. On the other hand, big players like Ethereum (ETH) and BSC (BNB) have seen their prices plummet. At the same time, ETH's TVL dropped by more than 37% to $70.2 billion.<\/p>\n\n\n\n

TRON's TVL <\/strong>could overtake BSC chain <\/h3>\n\n\n\n

While the TVL of the second-largest chain, BNB, fell by roughly 28% to stand at $8.8 billion. Going at the same rate TRON can surpass the BSC chain in terms of locked value in the coming time.<\/p>\n\n\n\n

Tron's USDD was released just a few days before the infamous TerraUSD crash. Since then, stablecoin has stepped in to fill the void.<\/a> However, the token uses the same algorithms as Terra. The TRON DAO Reserve stated that a basic risk-free interest rate of 30% per year would be set at the time of its launch. This guarantee was even compared to Terra's Anchor Protocol, which offers a 19.5% APY on UST.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite the recent market crash, the TRON chain and its native token TRX moved against the tide and surpassed other major cryptocurrencies. The success of TRON’s stablecoin USDD has had a significant impact on the increase in Tron’s total value locked (TVL). TRX has increased by roughly 30% in the last 30 days, much surpassing […]<\/p>\n","protected":false},"author":32,"featured_media":25973,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[],"class_list":["post-28494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/tron.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=28494"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/25973"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=28494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=28494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=28494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}