Tron Gains 1.8% as Yield.Xyz Launches TRX Staking on Ledger
TRON's TRX Price Increase Linked to Ledger Staking Launch
- TRON's price increased by 1.8% on October 16, outpacing other top cryptocurrencies, following the launch of TRX staking on Ledger.
- Ledger users can now stake TRX directly from their hardware wallets, as confirmed by TRON-based DeFi protocol Yield.Xyz.
- The integration aims to enhance safety and inclusion, offering enterprise-level staking and strengthening TRON's network role.
- New dual reward streams for TRX stakers include block and vote rewards distributed natively.
- Market sentiment remains cautious due to a $19 billion liquidation event, with investors shifting towards Gold and US equities.
- TRON benefits from stablecoin rotation during weak market sentiment, processing over $21.5 billion in daily Tether transfers.
- The global stablecoin market cap rose by 0.4% to $312.6 billion, driven by TRON-based USDT issuance and increased on-chain activity.
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