The intention of the Tron blockchain network to announce Wintermute as the official market maker of its own ecosystem of decentralized assets is designed to increase the trading volume of the dynamically growing network.
The Wintermute market maker, which trades on crypto markets in the amount of several billion dollars a day, is designed to ensure the stability of Tron TRX tokens, including liquidity for the main TRX trading pairs on a number of crypto exchanges. These actions according to Tron’s plans will significantly help the token trading, the daily trading turnover of which exceeds $ 390 million.
Over the summer, the price of Tron has increased despite the decline in the value of competitors Ethereum and Solana. In total, the network blocks digital assets worth $5.5 billion, while more than $3.3 billion is placed on the decentralized lending platform JustLend alone. The large volume of JustLend is probably associated with a more favorable interest rate. When placing deposits in USDD, investors earn about 10% per annum, compared with a rate below 1% on USDT USDC deposits deposited on the basis of the Ethereum network.
Earlier, the Wintermute market maker was announced as a member of the Tron DAO community, which allowed the company to gain access to the USDD buyout. In June, the DAO added cryptocurrencies worth about $220 million to support the Tron network ecosystem after the decision of TRX founder Justin Sun to allocate more than $2 billion to ensure the functioning of the USDD.