‘s declining TVL could be a decrease in the platform’s dApp activity. According to DappRadar, popular dApps such as SunSwap, JustLend, and Transit Swap saw a decline in unique active wallets.
For example, SunSwap’s unique active wallets decreased by 13.61%, while JustLend and Transit Swap saw declines of 14.93% and 8.93%, respectively. SunSwap’s volume fell by 37.9% during this period as well. Thus, the decline in the number of active users could be a sign that buyers were losing interest in these dApps. Therefore, lessening the overall value locked on the platform.Despite the declining TVL, data from TronScan showed that the revenue collected by TRON actually increased from $509,937 to $637,520 over the last month.
Source: News Formal (newsformal.com)
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