Tron Could Overtake Binance Chain In TVL In DeFi

It’s been just revealed that Tron has the ability to make an important move upwards. Check out the latest reports here.

Accoridng to the latest reports revealed by the online publication UToday, TRON is experiencing growth in its DeFi ecosystem, according to DefiLlama data.

It is also important to note the fact that it is currently ranked as the third-largest blockchain in terms of total value locked, trailing only Ethereum and the BSC (BNB).

“With a total value locked of $5.8 billion, TRON nears the Binance Chain’s TVL of $6.9 billion,” according to the notes.

Accoridng to the same notes, TRON remains the only blockchain among the top 20 recording gains, with a monthly gain of 41.33%. It has also gained in the last seven days, rising 33.23%.

The same online pubcalition mentioned above notes that by comparison, the DeFi sector as a whole has lost about $90 billion in liquidity since last month, with the most prominent blockchains’ total value locked down by 30 to 70% as a result of Terra’s implosion.

Tron currently outperforms prominent Layer 1 networks like Avalanche and Solana at its current TVL.

Binance is making headlines folowing the new regulations. Check out the latest reports below.

It’s been just revealed that the global crypto exchange Binance is announcing new partnerships with tech companies to shore up its know-your-customer (KYC) controls and enforcement of sanctions.

According to a new press release, Binance teams with data analytics and security company Kharon and screening provider Neterium in order to prevent illegal activities by bad actors and sanctioned entities.

“Through this partnership, Binance will utilize Kharon’s industry-leading data and analytic platform in order to enhance its sanctions screening and broader KYC controls.”

According to the press release, Binance’s new partnerships are going to enable the crypto exchange to improve its service while addressing increased risk and regulatory requirements.