Key takeaways
- TRON DAO announced its integration with Chainlink Data Feeds to improve the security of its DeFi applications.
- The TRON network has more than 270 million user accounts and generates significant quarterly revenue.
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Geneva, Switzerland, November 6, 2024 – Justin Sun, founder of TRONGlobal Advisor Cooperative and Prime Minister of Liberland, gave a keynote speech at the Chain Link SmartConheld in Hong Kong from October 30 to 31. This industry-leading conference brought together top blockchain founders and experts from the world's largest financial institutions and market infrastructures, where TRON DAO appeared as a silver sponsor. During his keynote speech, Sun announced that Chain link data sources will become the official data oracle solution for the TRON blockchain ecosystem as part of the TRON DAO joining the Chain Link Scale program.
Event Highlights
TRON DAO was proud to participate as a silver sponsor at Chainlink's SmartCon, where its booth became a vibrant hub to interact with industry leaders, developers, and blockchain enthusiasts. The event offered TRON a valuable opportunity to showcase its latest innovations and its vision to empower creators, developers and users through a decentralized ecosystem.
Highlights from Justin Sun's Keynote Presentation
“Chainlink’s industry-standard data oracles will help ensure JustLend and Only stable—The two largest DeFi applications on TRON, representing more than 6.5 billion in total value locked (TVL),” Sun stated. TRON's participation in the Chain scale program provides developers with sustainable access to high-quality, hyper-reliable oracle services, while creating additional opportunities for Chainlink and TRON. x.com/justinsuntron/status/1851885789116039226″ rel=””>$60 billion in stablecoins and real-world assets (RWA).
Initially, TRON will cover certain operating costs of Chainlink oracle networks (e.g. gas transaction fees) for a period of time, before such costs may become fully covered by dApp user fees as the mature ecosystem.
Sun also highlighted the significant growth of the TRON blockchain, reporting a global user base of more than 270 million accounts and 8.8 billion transactions. Additionally, the TRON blockchain hit all-time highs with $577 million in quarterly protocol revenue in Q3 2024.
Looking to the future
Closing his keynote, Sun highlighted several initiatives on TRON's roadmap: a bitcoin Layer 2 solution and gasless stablecoin transfers. With these key initiatives, TRON DAO plans to expand accessibility, empower developers, and facilitate blockchain adoption, establishing a solid foundation for developers and projects based on the TRON blockchain.
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 Justin Sun, the TRON network has continued to make impressive achievements since the launch of MainNet in May 2018. July 2018 also marked the integration of BitTorrent, a pioneer in decentralized Web3 services, which has over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of November 2024, it had over 270 million total user accounts on the blockchain, over 8.8 billion total transactions, and over $16 billion in total value locked (TVL), as reported on TRONSCAN.
Additionally, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin worldwide, surpassing USDT on ethereum as of April 2021. The TRON network completed its full decentralization in December 2021 and is now a DAO governed by the community. Most recently, in October 2022, TRON was designated as the national blockchain of the Commonwealth of Dominica, marking the first time that a major public blockchain has partnered with a sovereign nation to develop its national blockchain infrastructure. blocks. In addition to government support to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica's global fanfare, seven existing TRON-based tokens: TRX, BTT, nft, JST, USDD , USDT, TUSD, have been granted legal status as an authorized digital currency and medium of exchange in the country.
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Media contact
Yeweon Park
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