TRON (TRX) Among The Best Performing Tokens In May, Here’s Why

The TRON chain and its native token TRX have managed to outperform the major cryptocurrencies amid the recent market crash. The successful performance of TRON’s stableocoin USDD has made a major impact on the surge of Tron’s total value locked (TVL).

TRX jumped by around 30% in the past 30 days, vastly outpacing a broader decline in the crypto market. It is holding a total market capitalization of over $7.67 billion.

USDD gives mega push to TRX

USDD in a way to fill the gap made due to the Collapse of TerraUSD has managed to cross a major landmark. The stablecoin’s total supply has managed to surpass 601 million within the first month of its launch. The surge in its market capitalization has surely helped the TRON chain to come out as the biggest gainer. TRON’s TVL is up by more than 13% …

Read the full article at CoinGape

Source : coinmarketcap.com

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