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Layer by Layer: Tron Takes Advantage of FTX Fiasco

Quick Take

  • In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
  • The Tron network recently garnered attention from Tron’s unexpected, last-minute deal with FTX to facilitate limited withdrawals in the final days of the exchange
  • Tron’s algorithmic stablecoin USDD has seen heightened volatility amidst market fears of instability at widely trusted crypto institutions
  • At the same time, Tron’s role in the stablecoin ecosystem continues to grow as it becomes the largest source of USDT supply

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