USDD joins CoinMarketCap’s top 100 cryptocurrencies list

USDD enters the top 100! Tron has become the third largest public chain in DeFi by lock-up volume, TVL, which has increased by more than 20% in a single week

** Data shows that USDD has successfully entered the CoinMarketCap top 100 cryptocurrency list, becoming the 98th cryptocurrency in terms of market value. At the same time, Tron has become the third largest DeFi public chain in the world due to its large number of DeFi applications and its extremely high lock-up volume.

USDD joins CoinMarketCap’s top 100 cryptocurrencies list

USDD (USDDex) is a stablecoin project pegged to the US dollar. The issuance and management of USDD are carried out on the TRON blockchain. Recently, USDD has performed strongly and successfully entered the CoinMarketCap top 100 cryptocurrency list, ranking among the top 100 digital currencies by market capitalization.

USDD’s success in entering the top 100 list shows the market’s high recognition of the project and its investment value. At the same time, the launch of USDD has also enriched the application scenarios of TRON blockchain and injected new vitality into the development of TRON blockchain.

Tron has become the third largest public chain in DeFi by lock-up volume. TVL has increased by more than 20% in a single week

DeFi is a hot topic in the current cryptocurrency market, and TRON has also performed very well in DeFi. According to data from DappRadar, as of May 15, 2021, TRON’s total DeFi lock-up amount was US$4.34 billion, making it the third largest DeFi public chain in the world.

At the same time, Tron’s DeFi applications have also achieved great results. Recently, TRON's JustLend project has become one of the world's largest P2P revenue protocols. In addition, TRON has also launched a series of DeFi applications such as JST, SUN, and MAFI.

These strong-performing DeFi projects and their high lock-up volumes confirm to the greatest extent the view that "TRON is the next Ethereum". There is no doubt that Tron has become a presence that cannot be ignored in the DeFi market.

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