TRON Network Officially Backed by LayerZero

Geneva, Switzerland, May 282024 – He TRON DAO has officially announced LayerZero support for the TRON blockchain, making TRON the second non-EVM chain to be integrated into the LayerZero cross-chain interoperability protocol. This important development allows TRON ecosystem developers to seamlessly expand their applications to more than 70 LayerZero-compatible networks.

LayerZero is a cutting-edge interoperability protocol designed to facilitate seamless interactions between different blockchain networks. With the LayerZero integration, TRON developers can now effortlessly deploy their decentralized applications (dApps) across multiple blockchain platforms, improving interoperability and accessibility. This capability also allows developers on other LayerZero-compatible networks to bring their applications to the TRON mainnet.

TRON is a leading public blockchain with one of the most active user bases. Showing almost 1.8 million daily active users and around 50% of the market share of USDT, the most used stablecoin worldwide, according to DeFiLlama. With this new collaboration, TRON DAO continues to advance blockchain interoperability, providing developers with the tools necessary to innovate and expand their reach, driving the adoption of decentralized technologies.

Dave Uhryniak, Ecosystem Development Lead at TRON DAO, expressed excitement about the integration:

“The integration of LayerZero into the TRON ecosystem marks an important milestone in our mission to improve blockchain interoperability. “This integration provides our developers with unprecedented opportunities to expand their applications across multiple networks, fostering greater innovation and growth.”

Simon Baksys, VP of Business Development at LayerZero, added: “We are excited to support the TRON blockchain, expanding the horizons for developers across all LayerZero supported networks. This integration will unlock new opportunities and facilitate seamless cross-chain interactions, driving the future of decentralized applications.”

This collaboration between LayerZero and TRON not only underscores the importance of cross-chain interoperability, but also paves the way for a more connected and versatile blockchain ecosystem. By enabling seamless communication and interaction between diverse blockchain networks, this integration will drive the next wave of decentralized innovation and adoption, creating a more inclusive and efficient digital economy.

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 HE 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 the BitTorrent ecosystem, a pioneer in decentralized Web3 services that boasts more of 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of May 2024, it has over 230.22 million total user accounts on the blockchain, over 7.64 billion total transactions, and over $22.12 billion in total value locked (TVL), as reported in 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.

Media contact
Hayward Wong
(email protected)

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