Tron DeFi Sees Massive Growth: TVL Soars to $6.42 Billion

Tron’s decentralized finance (DeFi) sector is experiencing a surge in activity, with its total value locked (TVL) jumping to $6.42 billion in the last 24 hours. A significant 9.77% growth was recorded during this period. This impressive increase reflects the platform’s growing popularity, driven by factors like its cost-effective transactions and robust ecosystem of decentralized applications (dApps). Active addresses on Tron have also risen to 18.23 million, a 2.24% weekly gain. Experts predict a potential price breakout to $0.38 by late October.