Tron blockchain has been outshining almost all of its competition in terms of TVL growth. It currently has the second highest total value locked, trailing behind the Ethereum network
TRX’s $0.076 press time price represents a rally of over 8% from its lowest price point during last week’s trading session. This means it has so far managed to outperform Ethereum and Bitcoin, especially in terms of how much it has recovered from recent lows.Despite a healthy recovery, trading activity and demand remain low. On-chain volume is still within the lower monthly range, which is in line with the prevailing level of uncertainty in the market.
On the other hand, the slight upside is a reflection of the recovering demand in the derivatives segment. The Binance funding rate showed some signs of bullish demand.Will TRX maintain the trajectory? Well, at least the above observations confirm demand resilience. However, the lack of a strong factor to support continued bullish sentiments suggests that there could still be some risks of more downside. On the other hand, we could see prices surge again if the tide shifts in favor of the bulls.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Assessing the rise and fall of CardanoCardano's DeFi TVL was briefly outpaced by Base during the trading session on 22 August. While the chain has regained dominance, a look at the network's performance in the last month showed a general decline.
Read more »
BlockFi Fights FTX, Three Arrows Over Potential RepaymentsBankrupt crypto lender BlockFi Inc. wants to block attempts by FTX and Three Arrows Capital to get back billions of dollars exchanged between the firms before all three companies unraveled last year.
Read more »
Quebec rebuffs Ottawa’s proposal to limit student visas as part of federal plan to tackle housing crisisQuebec’s reaction indicates that attempts to limit international student admissions could create conflict with the provinces as colleges and universities also voice concern
Read more »
BlockFi files motion to block FTX and Three Arrows Capital from retrieving fundsBlockFi has filed a motion to block attempts by FTX and 3AC to retrieve funds via bankruptcy court, arguing that BlockFi customers should be compensated first.
Read more »
Checkpoints will block attempts to return, N.W.T. official warns evacueesSpokeswoman for the Northwest Territories\u0027 emergency management organization says there have been reports of people returning to Fort Smith
Read more »
Checkpoints will block attempts to return, N.W.T. official warns wildfire evacueesYELLOWKNIFE — A spokeswoman for the Northwest Territories' emergency management organization says there have been reports of people returning to Fort Smith, or planning to return there, despite the wildfire risk.
Read more »