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DeFi spaces are a highly dynamic environment in the blockchain and cryptocurrency industry. DeFi networks are competing tightly, especially now that institutional funds are rushing into the crypto space.
Recently, the Avalanche and Tron networks have entered a bright phase of rivalry. Still, Tron was ahead of Avalanche and ranked 3rd as the largest blockchain network in terms of TVL (total blocked value) in DeFi.
If you look at the market capitalization of blockchains on CoinGecko, at the moment Tron with $ 7.69 billion is in the 14th position, followed by Avalanche with $ 7.67 billion.
This success is due to the fact that recently Tron has attracted the attention of various DeFi protocols and dApp developers. Now there are about 9 major DeFi protocols on the network, however, according to this indicator, the platform lags behind Ethereum, Binance Chain and Avalanche.
At the same time, we note that currently TVL DeFi projects in the Tron network exceed $ 5.32 billion and surpass the Avalanche with its $ 5 billion. curiously, in February 2021, Tron could boast only $ 250 million TVL.
Even though the difference in TVL between the two blockchains is small, Avalanche seems to be on a bearish trend. At the same time, the native token Tron TRX shows an increase in price.
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