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(Press Release – Geneva, Switzerland, June 8, 2023)
The end of May 2018 marks five years to the day when tron Mainnet emerged. The layer one blockchain can now be authentically labeled as the public chain of choice, with the most daily active users, the most daily transactions, and the largest circulation of the stablecoin USDT. Stunning the industry with one achievement after another, it has become the global leader among all public chains. As the number of comparable chains and competing alternatives has grown exponentially, TRON continues to stand out with its second-to-none performance, scalability, and security, attracting developers and users from around the world.
Following the anniversary of TRON, on June 1, the Securities and Futures Commission of Hong Kong (sfc) started accepting applications for crypto trading platform licenses. As a top-tier public chain, TRON has pledged full support to Hong Kong’s Web3 ambitions to become the world’s crypto hub.
TRON was founded in 2017 by His Excellency Justin Sun, and its mainnet went live on May 31, 2018. Five years after the launch of its mainnet, TRON now has over 165M users worldwide and has processed over 5.7B transactions. According to DeFiLlama, it is second only to Ethereum in terms of TVL (Total Value Locked).
TRON has established a strong commerce infrastructure through partnerships across the industry. It has become a global stablecoin highway for USDT, USDC, TUSD, USDJ and USDD.
According to data on Tether’s website, the TRC20-USDT supply has grown to over 46.1B, which is now 10B more than the Ethereum-native ERC20-USDT, which accounts for 60% of the total USDT supply.
Powered by a secure, cost-effective and efficient underlying blockchain, the TRC-20 protocol launched by TRON has become the preferred choice among on-chain users. Furthermore, TRON has a well-developed ecosystem covering hotly contested areas in the sector, including DeFi, NFTs, GameFi, stablecoins, metaverse, cross-chain solutions, and DIDs, with the commitment of a group of active developers. have developed.
TRON aims to grow its on-chain stablecoin market capitalization to $100B by 2023 and strives to become the preferred choice for stablecoin users around the world.
In October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, and seven TRON-based utility tokens were given statutory status as authorized digital currencies for use in everyday commerce there. This collaboration blazed a path for blockchain projects to explore technology applications and development with sovereign nations.
The next five years are looking as exciting as the last five years. The TRON DAO team is confident that they are working hard to go deeper into the development of blockchain technology by welcoming more and more projects and protocols into the #BUIDLtheFUTURE ecosystem on TRON. An essential player in driving the global digital economy forward, TRON strives to empower decentralized commerce and community for every person on the planet.
About Tron DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the Internet through blockchain technology and dApps.
Founded in September 2017 by His Excellency Justin Sun, the TRON network has continued to deliver impressive achievements since its mainnet launch in May 2018. July 2018 also marked the integration of the ecosystem of BitTorrent, a leader in decentralized Web 3 services, with over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2023, it has more than 165.1 million user accounts on the blockchain, more than 5.79 billion transactions and more than $12.0 billion in total value locked (TVL), according to a TRONSCAN report.
Furthermore, TRON hosts the largest circulating supply of the USD Tether (USDT) stablecoin worldwide, surpassing USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, marking the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. . On top of government support for the issuance of the Dominica Coin (“DMC”), a blockchain-based fan token to help fuel Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been given statutory status as the authorized digital currency and medium of exchange in the country.
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(Press Release – Geneva, Switzerland, June 8, 2023)
The end of May 2018 marks five years to the day when tron Mainnet emerged. The layer one blockchain can now be authentically labeled as the public chain of choice, with the most daily active users, the most daily transactions, and the largest circulation of the stablecoin USDT. Stunning the industry with one achievement after another, it has become the global leader among all public chains. As the number of comparable chains and competing alternatives has grown exponentially, TRON continues to stand out with its second-to-none performance, scalability, and security, attracting developers and users from around the world.
Following the anniversary of TRON, on June 1, the Securities and Futures Commission of Hong Kong (sfc) started accepting applications for crypto trading platform licenses. As a top-tier public chain, TRON has pledged full support to Hong Kong’s Web3 ambitions to become the world’s crypto hub.
TRON was founded in 2017 by His Excellency Justin Sun, and its mainnet went live on May 31, 2018. Five years after the launch of its mainnet, TRON now has over 165M users worldwide and has processed over 5.7B transactions. According to DeFiLlama, it is second only to Ethereum in terms of TVL (Total Value Locked).
TRON has established a strong commerce infrastructure through partnerships across the industry. It has become a global stablecoin highway for USDT, USDC, TUSD, USDJ and USDD.
According to data on Tether’s website, the TRC20-USDT supply has grown to over 46.1B, which is now 10B more than the Ethereum-native ERC20-USDT, which accounts for 60% of the total USDT supply.
Powered by a secure, cost-effective and efficient underlying blockchain, the TRC-20 protocol launched by TRON has become the preferred choice among on-chain users. Furthermore, TRON has a well-developed ecosystem covering hotly contested areas in the sector, including DeFi, NFTs, GameFi, stablecoins, metaverse, cross-chain solutions, and DIDs, with the commitment of a group of active developers. have developed.
TRON aims to grow its on-chain stablecoin market capitalization to $100B by 2023 and strives to become the preferred choice for stablecoin users around the world.
In October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, and seven TRON-based utility tokens were given statutory status as authorized digital currencies for use in everyday commerce there. This collaboration blazed a path for blockchain projects to explore technology applications and development with sovereign nations.
The next five years are looking as exciting as the last five years. The TRON DAO team is confident that they are working hard to go deeper into the development of blockchain technology by welcoming more and more projects and protocols into the #BUIDLtheFUTURE ecosystem on TRON. An essential player in driving the global digital economy forward, TRON strives to empower decentralized commerce and community for every person on the planet.
About Tron DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the Internet through blockchain technology and dApps.
Founded in September 2017 by His Excellency Justin Sun, the TRON network has continued to deliver impressive achievements since its mainnet launch in May 2018. July 2018 also marked the integration of the ecosystem of BitTorrent, a leader in decentralized Web 3 services, with over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2023, it has more than 165.1 million user accounts on the blockchain, more than 5.79 billion transactions and more than $12.0 billion in total value locked (TVL), according to a TRONSCAN report.
Furthermore, TRON hosts the largest circulating supply of the USD Tether (USDT) stablecoin worldwide, surpassing USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, marking the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. . On top of government support for the issuance of the Dominica Coin (“DMC”), a blockchain-based fan token to help fuel Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been given statutory status as the authorized digital currency and medium of exchange in the country.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
