The Tron-powered dapp ecosystem took the third place in the DeFi Llama ranking. HE TVL grew more than 48% in a month, approaching $6 billion.

Tron is second only to Ethereum and BNB Chain in the overall ranking.

Of the top 10, only Tron grew last month – the TVL of the remaining ecosystems dropped significantly. For example, Avalanche fell 52.9% and Phantom fell 55.422%.

The fastest growing leader in Tron DeFi ecosystem is JustLend landing platform. Its TVL increased by 58.45% in one month, approaching $3 billion.

Journalist Colin Wu suggestedThe reason for the rapid growth of the indicator is associated with the algorithmic stablecoin USDD. However, the “stablecoin” has a relatively low capitalization – just over $600 million.

For comparison, the decentralized stablecoin DAI from MakerDAO has a capitalization of $6.3 billion.

The developers announced the release of StarkNet Dai Bridge, which will allow DAI to move between Ethereum and StarkNet’s high-performance layer 2 network.

✨ Enable StarkNet Dai Bridge ✨ Now available at https://t.co/FJK9jvFLCq!

The first big step into the next era of scalability is here with Maker, Dai and StarkNet.

StarkNet Dai Bridge allows Dai to be moved in both directions between Ethereum and StarkNet.@StarkWareLtd 🤝 day pic.twitter.com/KWwP8jyouq

— Producer (@MakerDAO) 30 May 2022

Recently, Tron founder Justin Sun stated that the USDD algorithmic stablecoin will continue to thrive despite the collapse of UST and LUNA.

Recall that since the beginning of the year, the DeFi segment has “lost” $130 billion.