TRON (TRX) showed growth in July 2022 despite the disorderly cryptocurrency market.
TRON, the second largest public chain, is returning to its high TVL days last year. TRON reached $6 billion TVL in July due to the revival of investor interest in DeFi.
Smart Contracts Boost TRON’s TVL Figures
Founded by Justin Sun in 2017, TRON’s TVL rose in July as dApps on the system began to rise to the top. Powered mostly by DeFi smart contracts for the last two years, TRON’s total TVL increased by nearly 50 percent in July.
TVL, which was $3.95 billion at the beginning of July, increased to $5.91 billion at the end of July. He had a TVL close to $1 million in the same period last year. This nearly 50 percent growth in July 2022 supports TRX as a popular project.
In addition to all this, with the growth, it was seen that TRON rose to third place behind Binance Smart Chain (BSC) and Ethereum.
As of the time of writing, the instant price of TRON is as follows:
