TechFlow reported that international crypto media The Block recently stated that the contagion crisis in the decentralized finance (DeFi) sector has now been contained, thanks to rescue efforts for Curve by industry figures such as Justin Sun and Du Jun, co-founder of Huobi. On August 4, Justin Sun, founder of TRON and member of Huobi Global Advisory Board, cited The Block's report on Twitter, saying, "JPMorgan noted that certain platforms within decentralized finance (DeFi) continue to perform well—such as the TRON ecosystem, Ethereum L2 networks, including ARB and OP—whose total value locked (TVL) has risen over recent months."
The Block pointed out that "the rising TVL on networks like TRON may stem from their provision of faster and cheaper transactions, alternatives to Ethereum’s network congestion and higher fees." According to TRONSCAN data, the TRON network's TVL exceeds $13.32 billion, ranking second globally, just behind Ethereum.
Regarding the recent Curve crisis, The Block cited JPMorgan analysts stating that sustained purchases of Curve’s native token CRV by major investors like Justin Sun and Du Jun, aimed at assisting Curve’s founder in resolving debt issues, ultimately prevented the crisis from spreading further across the DeFi sector.
