(Press release – Geneva, Switzerland, June 8, 2023)
It’s been five years since the day in late May 2018 when it was You see MainNet. The first-layer blockchain can now be authentically categorized as the public chain of choice, with the most daily active users, daily transactions, and the largest trading of the USDT stablecoin. Impressing the industry with one achievement after another, it has grown to be the world leader among all public chains. Due to the exponential increase in the number of comparable chains and competitive options, TRON continues to stand out with its unparalleled performance, scalability, and security, attracting large numbers of developers and users around the world.
After the anniversary of TRON, on June 1, the Hong Kong Securities and Futures Commission (sfc) in accepting applications for cryptocurrency trading platform licenses. As a first-class public chain, TRON promises to fully support Web 3 Hong Kong’s ambitions to become the world’s cryptocurrency hub.
TRON was founded by HE Justin Sun in 2017, and its MainNet was launched on May 31, 2018. Five years after the launch of the MainNet, TRON now has more than 165 million users worldwide and has processed over 5.7 billion transactions. According to DeFiLlama, it is also ahead of the pack with TVL (Total Value Locked) second only to Ethereum.
TRON has built a robust trading infrastructure through partnerships across the industry. It has become the stable global highway for USDT, USDC, TUSD, USDJ and USDD.
According to the data on the Tether website, the supply of TRC20-USDT has exceeded 46.1 billion, which is now $10 billion more than the original ERC20-USDT from Ethereum, accounting for 60% of the total supply of USDT.
Powered by the secure, cost-effective and efficient underlying blockchain, the TRC-20 protocol launched by TRON has become the preferred choice among on-chain users. In addition, TRON has developed a well-rounded ecosystem covering highly contested areas in the sector, including DeFi, NFT, GameFi, stablecoins, metaverse, cross-chain solutions, and DIDs, with a committed group of active developers.
TRON aims to bring the market capitalization of on-chain stablecoins to $100 billion in 2023 and strives to become the preferred choice of 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 granted legal status as digital currencies authorized for use in day-to-day commerce there. This cooperation opened a path for blockchain projects to explore applications of the technology and development with sovereign states.
The next five years look as exciting as the previous five. The TRON DAO team is confident that they are working hard to delve deeper into the development of blockchain technology by welcoming more and more projects and protocols in the ecosystem to #BUIDLtheFUTURE on TRON. TRON plays an integral role in driving the global digital economy forward, striving to enable decentralized commerce and society for every person on the planet.
About Tron Dao
TRON DAO is a community-governed DAO dedicated to accelerating decentralization of the Internet via blockchain technology and dApps.
Founded in September 2017 by HE Justin Sun, the TRON network has continued to achieve impressive milestones since the launch of MainNet in May 2018. July 2018 also saw the integration of the BitTorrent ecosystem, a pioneer in Web3 decentralized services with over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2023, it had more than 165.1 million total user accounts on the blockchain, more than 5.79 billion total transactions, and more than $12.0 billion in total value locked (TVL), as reported by TRONSCAN.
Additionally, TRON hosts the largest circulating supply of USDT 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. Recently, in October 2022, TRON was named the national blockchain of the Commonwealth of Dominica, marking the first time that a major public blockchain partnered with a sovereign country to develop national blockchain infrastructure. On top of the government’s approval to release Dominica Coin (“DMC”), a blockchain-based fan token to help boost Dominica’s global buzz, seven TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted fiat status. As an authorized digital currency and a means of exchange in the country.
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