The TRON [TRX] ecosystem published a report on the network’s major advancements that took happened throughout the week that passed by. The network’s growing dominance in the stablecoin market was one of the key learnings, as Tether [USDT] saw its circulating supply reach a record high. In sharp contrast to Ethereum [ETH], which had a weekly decline of 2.3%, the total market cap of stablecoins on the network increased by 5% over the past week to $43.57 billion.
Up until March 24, the chain’s income increased by 70%, while its daily user base increased by 21%. However, since March 2022, the total value locked (TVL) has decreased by 3%, raising questions about liquidity. The price of TRX fell 13%, however it has subsequently risen to $0.06375 as of this writing.
