Crypto Daily Report – June 1

Jun 1, 2022
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightJune 1, 2022Crypto markets are down today, with Bitcoin and Ethereum falling 4.55% and 5.11%. Most altcoins have continued to see more downside as well, with AVAX, SOL, and BNB down 7.34%, 9.00%, and 5.25%, respectively. One of the only coins up today is Tron, which has gained 1.23%. Tron's TVL (Total Value Locked) has been growing steadily and is up 48% this month, making it the third-largest blockchain by TVL behind Ethereum and Binance Smart Chain. TVL is a metric used to determine the total value of cryptocurrency on a particular blockchain. Much of Tron's TVL is likely from investors taking advantage of Tron's high USDD stablecoin yields. It's unclear how sustainable these yields will be, so for Tron's TVL to remain sticky, it is important to see continued adoption of USDD or Tron ecosystem growth. See below for a chart of Tron's TVL (Source: DefiLlama).Yesterday Ethereum Layer 2 network, Optimism, launched its governance token. Individuals who met any of the following requirements: using Optimism, voting in a DA

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