- According to data from CoinMarketCap, TRON (TRX) currently overtakes Shiba Inu (SHIB) in terms of market capitalization.
- TRON also seems to be gaining momentum following the launch of its algorithmic stablecoin.
- TRON’s Total Value Locked has increased by 22.37% in the last 24 hours.
According to data from CoinMarketCap, TRON (TRX) currently overtakes Shiba Inu (SHIB) in terms of market capitalization. TRX is currently ranked in the 14th position with a market valuation of about $4.7 billion, just ahead of SHIB with its own valuation of $6.38 billion.
TRON also seems to be gaining momentum following the launch of its algorithmic stablecoin, USDD. The stablecoin runs on a similar algorithm to Terra’s USD. USDD is already amongst the top 100 cryptocurrencies by market capitalization, just half a month after its launch.
Currently, the TRON ecosystem consists of stablecoins USDT, USDJ, TUSD, USDC and USDD, forming a very solid foundation for its ecosystem.
TRON DAO also stated …