- The crypto analyst Emperor Osmo shared his doubts regarding the high TVL value of Tron.
- According to DeFiLlama, Tron takes the third position in TVL with $5.16 billion.
- The analyst commented that he hasn’t seen or met anyone using the platform.
The crypto analyst Emperor Osmo shared a Twitter thread on April 28, commenting on the decentralized blockchain system Tron’s remarkable Total Value Locked (TVL). As the DeFi TVL aggregator DefiLlama issued the TVL of various blockchains, presenting Tron with more than $5 billion TVL, the crypto analyst shared his concern about the implausible reach.
Notably, TVL is the metric by which the total value of digital assets locked or staked in decentralized finance (DeFi) is evaluated. It is understood that a platform is perceived as more trustworthy if it owns a higher value for the TVL.
Interestingly, when DefiLlama updated its page by placing Tron at the third position having $5.16 billion of TVL, following Ethereum and Binance Smart Chain (BSC) with $56.32 billion and $6.86 billion respectively, Osmo tweeted incorporating a screenshot of the data:
Source: https://coinedition.com/no-one-uses-tron-yet-remarkable-tvl-says-crypto-analyst/