Tron Mainnet celebrates 5th anniversary. Since its emergence in late May 2018, the TRON MainNet has achieved a significant milestone by becoming the preferred public chain. After five years, it boasts the highest number of daily active users, the largest number of daily transactions, and the greatest circulation of the stablecoin USDT.
TRON Mainnet Celebrates 5th Anniversary
Since its emergence in late May 2018, the TRON MainNet has become the preferred public chain, boasting the highest number of daily active users, the largest number of daily transactions, and the largest circulation of the stablecoin USDT.
It has grown into a global leader in the industry, impressing with its performance, scalability, and security. Despite the increasing competition, TRON continues to stand out and attract developers and users worldwide.
On June 1, Hong Kong’s Securities and Futures Commission (SFC) started accepting applications for crypto trading platform licenses, and TRON, as a top-tier public chain, has pledged full support for Hong Kong’s Web3 ambitions to become a crypto hub.
TRON, founded by H.E. Justin Sun in 2017, launched its MainNet on May 31, 2018. Five years later, it has amassed over 165 million users globally and processed more than 5.7 billion transactions. It also holds the second-highest Total Value Locked (TVL) according to DeFiLlama, trailing only Ethereum.
Through various partnerships, TRON has established a robust commerce infrastructure, particularly as a global stablecoin highway for USDT and other stablecoins. The supply of TRC20-USDT has surpassed 46.1 billion, exceeding the Ethereum-native ERC20-USDT and accounting for 60% of USDT’s total supply.
With its secure and efficient blockchain, TRON’s TRC-20 protocol has become the preferred choice for on-chain users. TRON has also developed a comprehensive ecosystem covering various sectors such as DeFi, NFTs, GameFi, stablecoins, the metaverse, cross-chain solutions, and DIDs, driven by an active group of developers.
TRON aims to reach a $100 billion on-chain stablecoin market cap in 2023 and become the preferred choice for stablecoin users worldwide.
In October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, and seven TRON-based utility tokens received statutory status as authorized digital currencies for everyday commerce. This collaboration set a precedent for blockchain projects to explore technology application and development with sovereign nations.
The future looks promising for TRON as it continues to delve deeper into blockchain tech development by welcoming more projects and protocols into its ecosystem. As a vital player in advancing the global digital economy, TRON strives to empower decentralized commerce and community worldwide.
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