- Current Positions of Tron and Solana
- Analyst's View on Tron’s Prospects
- Conclusion on Tron’s Potential
Despite all the excitement around Solana, Australian analyst Miles Deutscher sees potential in Justin Sun's Tron blockchain. It is worth noting that Tron holds the second spot in terms of Total Value Locked (TVL), right after Ethereum, with Solana in third.
Current Positions of Tron and Solana
Tron remains the second-largest blockchain in Total Value Locked (TVL), only behind Ethereum, while Solana is in third place. The Tron blockchain also boasts the highest global circulating supply of stablecoins, accounting for about $60 billion.
Analyst's View on Tron’s Prospects
Analyst Miles Deutscher shared his thoughts on the X platform (formerly Twitter), suggesting that Tron could overtake Solana. Solana has been in the spotlight for its big investments, but Tron's strength as a payments network stands out.
Conclusion on Tron’s Potential
Elaborating on the bullish perspectives on Tron, the analyst pinpointed that the blockchain's mindshare is growing. Analysts highlight that Tron's native token, TRX, and its meme coin, SUNDOG, have significant growth potential in the near future.
Thus, despite significant investments and attention towards Solana, Tron continues to maintain its strong market positions, especially in the areas of payment systems and stablecoins.
Comments