Messari Releases Q3 2022 State of TRON and State of USDD Reports

Geneva, Switzerland / November 8, 2022 / – Messari, the starring supplier of crypto marketplace intelligence, released 2 quarterly investigation reports related to the TRON ecosystem – State of TRON Q3 2022 and State of USDD Q3 2022. Both reports indicated affirmative conclusions astir the unchangeable and unafraid spot of USDD and the TRON web arsenic a whole.

The USDD study marked the archetypal clip Messari provided marketplace quality successful quarterly study signifier connected the over-collateralized stablecoin issued by the TRON DAO Reserve (TDR), custodian of USDD, presently with 9 whitelisted members. USDD is backed by prime crypto assets, including BTC, USDT, USDC, and TRX. The State of USDD study includes insights connected performance, issuance, deposits, reserve balance, idiosyncratic adoption, transactions, terms analysis, and full worth locked. Readers tin besides get qualitative investigation connected subjects specified arsenic monetary argumentation and the peg stableness module (PSM).

Key insights connected the USDD Report include:

• After accelerated adoption successful Q2, proviso maturation stalled successful Q3, expanding lone 0.2% to 725 million. However, the fig of wallets holding the currency accrued astir 5X successful Q3.
• The stablecoin remains good backed by non-native currencies with a collateral ratio of 1.9 astatine the quarter’s end.
• After the UST illness and stablecoin depegging successful June, USDD maintained a choky peg and launched Peg Stability Module (PSM) utilizing USDT, USDC, TUSD, and USDJ.

The State of TRON Report was besides the archetypal variation of quarterly sum from Messari. This study highlights show analysis, ecosystem development, and qualitative analysis. Readers tin besides get an overview of TRON’s TVL, Strategy and Challenges, and a forecast of the roadworthy ahead.

Key insights connected the TRON Report include:

• TRON web enactment exhibited continued spot aft the motorboat of USDD successful May.
• Since May, the full magnitude of involvement and full engaged involvement has accrued drastically.
• The 61% maturation successful TVL was driven by 3 unsocial wallets depositing astir $1.6 cardinal successful assorted assets.
• The TRON DAO Reserve announced the crypto-native marketplace shaper Wintermute arsenic its ninth whitelisted member, giving it the authorization to support the peg of USDD.
• The GreatVoyage-v4.5.2 upgrade released successful Q3 is aimed astatine improving node synchronization and transaction throughput.
• If existent enactment persists and USDD expands crossed the ecosystem, TRON’s Resource Model that catalyzes deflation whitethorn beryllium enhanced by the request for and usage of USDD.

Both reports noted the stabilizing effect of USDD’s collateralization, adoption, and aboriginal usage cases. The TRON DAO assemblage is thrilled with the encouraging conclusions from the Messari probe team.

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