TRON’s DeFi ecosystem grows 48% in the past month

TRON’s ecosystem of decentralized applications ranks third in DeFi Llama’s chart. Its TVL over the month rose by more than 48%, nearing $6 billion.

TRON trails only Ethereum and BNB Chain in the overall ranking.

Among the top-10, only TRON posted growth over the past month — the TVL of other ecosystems declined significantly. For instance, Avalanche fell by 52.9%, and Fantom by 55.42%.

The fastest-growing part of TRON’s DeFi ecosystem is the lending platform JustLend. Its TVL for the month rose by 58.45%, nearing $3 billion.

For comparison, the market capitalization of the decentralized stablecoin DAI from MakerDAO stands at $6.3 billion.

Developers announced the launch of StarkNet Dai Bridge, which will allow DAI to move between Ethereum and the high-performance layer-2 network StarkNet.

✨ Enabling the StarkNet Dai Bridge ✨ Now available on https://t.co/FJK9jvFLCq!

The first big step into the next scalability era is here with Maker, Dai, and StarkNet.

StarkNet Dai Bridge allows Dai to be moved both ways between Ethereum and StarkNet.@StarkWareLtd 🤝 Dai pic.twitter.com/KWwP8jyouq

— Maker (@MakerDAO) May 30, 2022

Recently TRON founder Justin Sun stated that the algorithmic stablecoin USDD will continue to develop, despite the collapse of UST and LUNA.

Since the start of the year the DeFi segment has shrunk by $130bn.

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