• TRON has been ranked second in terms of total value locked (TVL) in the entire crypto space, reaching $9.2 billion by end of 2022.
• TRON chief executive Justin Sun has extended help to FTX and SBF, sparking a controversial reaction from investors.
• TRX price has increased by 11% in the last seven days, trading at $0.05744 as of writing.
The TRON network has seen unprecedented growth in the past few months, with the network now being ranked second in terms of total value locked (TVL) in the entire crypto space. According to TRON DAO, TRON’s TVL has reached an impressive $9.2 billion by end of 2022. This has caused investors to take a closer look at the network, and wonder if it can hold on to this impressive ranking and recuperate following its recent sharp decline.
In comparison to other crypto assets, TRON has made significant progress over a short span of time, championing its quest for further decentralization. This has been met with much optimism from the crypto community, and TRX price has increased by 11% in the last seven days, trading at $0.05744 as of writing.
However, the network is currently in a controversial position after its CEO, Justin Sun, disclosed that he would extend some help to both FTX and its former CEO, Sam Bankman-Fried. The statement has put the network in a bad light, with many investors now hesitant to invest in TRX due to its support for the disgraced crypto company.
It remains to be seen whether TRON can regain its ranking and continue to grow in the crypto space. With its impressive performance in terms of TVL and TRX price, the network is certainly on the right track. Only time will tell if TRON can sustain its impressive growth and continue to make a name for itself in the crypto world.