On June 25, TRON celebrated its seventh anniversary of Independence Day. This means that the TRON mainnet has been running stably for seven years. From achieving decentralization and becoming a DAO organization to building a metaverse financial free port and promoting the large-scale popularization of blockchain, TRON has always been determined to move forward vigorously and continuously achieved multiple milestone breakthroughs through innovation.
Steady progress and thriving ecology
Since the official launch of the main network in 2018, TRON has long been one of the most active mainstream blockchain networks in the world. As of now, the total number of accounts on the TRON network has exceeded 315 million, the total number of transactions has exceeded 10.7 billion, and the total locked value (TVL) has reached 22.1 billion US dollars. All data are firmly at the forefront of the industry. Relying on the advantages of the underlying blockchain and a huge global user base, TRON continues to expand the ecological boundaries and has built a multi-track Web3 ecological map, covering Meme, NFT, DeFi, GameFi, Metaverse, Cross-chain, DID, AI, RWA and other fields, forming a highly diverse and vibrant ecological matrix.
In the field of stablecoins, TRON has formed a stablecoin system consisting of USDT, USDC, TUSD, USDJ, USDD, etc. Among them, TRC 20-USDT, issued based on the TRON network, has become the preferred crypto payment stablecoin for global users with its low handling fees and efficient transfer experience, and has helped TRON become the world's largest USDT issuance network. As of now, the issuance of TRC 20-USDT has exceeded 80.6 billion, accounting for more than half of the total circulation of USDT in the entire network, the number of holding accounts has exceeded 67.4 million, and the number of transfers has exceeded 2.6 billion. All indicators have long been ranked first among global stablecoins.
At the same time, in order to further lower the threshold for use, TRON launched a zero-gas fee solution for stablecoin transfers (GasFree), where users can directly use USDT to pay for gas fees. This service has been piloted in Latin America and received support from JustLend DAO, the largest decentralized financial platform in the TRON ecosystem, in March this year, significantly improving the user experience.
In addition, TRON is also actively promoting the development of decentralized stablecoins. In January this year, the decentralized super-collateralized stablecoin USDD 2.0 was officially launched, which has been greatly optimized in terms of minting mechanism, collateral model, stability and security. Its total supply has now exceeded 380 million and has been widely recognized in the global market.
As of now, the total market value of stablecoins on the TRON chain has reached 81.3 billion US dollars. Justin Sun, the founder of TRON, said at TOKEN 2049 Dubai: "TRON's goal is to exceed 100 billion US dollars in total stablecoin market value this year."
Innovation never stops, breaking boundaries
While the public chain is running stably, TRON continues to promote technological innovation. In 2023, the first RWA project stUSDT in the TRON ecosystem was launched, becoming an important fulcrum connecting the on-chain ecology and the traditional market, and was hailed by the outside world as the "Yu'ebao" of the Web3 world; in early 2024, TRON announced the Bitcoin second-layer solution and roadmap, and is committed to closely linking the TRON network with the Bitcoin network in a decentralized manner through various combinations.
As an important global blockchain infrastructure, TRON continues to deepen its connection with the real world. In 2022, Dominica officially designated TRON as its national blockchain infrastructure, and granted TRX, USDT and other seven TRON-based tokens the same status as fiat currencies in the local area. This milestone cooperation is not only the first time that blockchain technology has participated in the construction of the real world with national standards, but also sets a benchmark for global digital governance.
The influence of TRON has also extended to the traditional financial market. In May this year, Canary Capital Group submitted a spot TRX ETF application to the U.S. Securities and Exchange Commission (SEC), marking another key node in the deep integration of TRON with the mainstream financial market. At the same time, the USD1 stablecoin issued by World Liberty Financial (WLFI) has been natively minted on the TRON network, with the first batch of 1,000 coins minted, adding another member to the stablecoin ecosystem on the TRON chain. These developments not only strengthen the connection between TRON and the traditional financial system, but also continuously expand its application boundaries in the global financial network, providing users with richer and more efficient digital financial services.
Benefiting the world and connecting people
With the continuous expansion of the ecological landscape and the continuous improvement of global influence, TRON is gradually becoming a new generation of global payment and settlement network. Taking the most representative TRC 20-USDT as an example, it has been widely used in various scenarios such as cross-border transfers, e-commerce payments, travel consumption, etc., and has become a crypto payment tool trusted by hundreds of millions of users. In many emerging markets and areas where financial infrastructure is insufficient, TRON has also built an efficient and low-threshold digital financial channel for users, becoming an important force in promoting global financial inclusion. Behind every on-chain transfer is a real-world value circulation. It is this ability to "connect reality" that allows TRON to continue to win the trust of global users and become an important bridge connecting the on-chain world with the real economy.
Over the past seven years, TRON has always been user-oriented, innovating in a steady manner and making breakthroughs in a steady manner. From the launch of the mainnet to the construction of a diversified ecosystem covering the world, TRON is constantly pushing blockchain technology towards the mainstream world. The seventh anniversary is not only a milestone, but also a new starting point for the future. TRON will continue to work with global developers and users to build a more open, inclusive and prosperous blockchain world. As Justin Sun emphasized in an interview with Forbes: "The TRON network is built for the whole world. It is borderless, inclusive and born for large-scale expansion."
