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Tron's TVL Growth Outperforms Most Top Networks Except Ethereum, Boosting TRX Marketcap to New Monthly High

Tron's TVL growth has been impressive, outperforming most networks except for Ethereum. The network's growth has attracted a lot of liquidity, as seen through its TVL growth over the last few months. Tron had the second-highest TVL in the first half of 2023, outperforming all other networks except for Ethereum. Tron's TVL currently stands at around $5.79 billion, a significant improvement from its lowest YTD level of just over $4 billion. The recent bullish outcome on July 13th pushed TRX's marketcap to a new monthly high above $7.3 billion, with the number of users on the network reaching more than 2 million as of July 2023.

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