• TRON has achieved 2nd place in terms of Total Value Locked (TVL) with $9.2 billion by the end of 2022.
• The crypto’s price has increased by 11% in the last seven days, trading at $0.05744 as of writing.
• Justin Sun, TRON CEO, has extended help to both FTX and its former CEO, Sam Bankman-Fried to assist in the crypto exchange’s recovery.
TRON (TRX) has made a massive impact in the crypto space, as the network has achieved second place in terms of Total Value Locked (TVL) with $9.2 billion by the end of 2022. This impressive performance and growth has been shared by TRON DAO on Twitter, and many in the crypto industry are now keeping an eye on the network to see if it can maintain its ranking and begin recuperating following its recent sharp decline.
The network has long championed its quest for further decentralization and compared to other crypto assets, TRX has made significant progress over a short span of time. As of writing, CoinMarketCap reported that the crypto’s price has increased by 11% in the last seven days, and is currently trading at $0.05744.
Naturally, many investors are worried about their crypto investments, especially with the crypto crash that happened just recently. This has caused some hesitation with the crypto, especially when TRON CEO, Justin Sun, disclosed that he would extend some help to both FTX and its former CEO, Sam Bankman-Fried so the crypto exchange can recover. This recent statement by Sun has put the network on a bad light, as it shows support for the disgraced crypto company.
Despite Sun’s controversial statement, TRX remains robust in terms of trades, and many investors are looking at the coin with hope and anticipation. TRON is definitely a network to watch out for in the coming months, as it continues to strive for further decentralization and prove itself as a major player in the crypto space.