TRON MainNet is celebrating its 5th anniversary and now stands as the global blockchain of choice

[PRESS RELEASE – Geneva, Switzerland, June 8th, 2023]

Five years have passed since the day in late May 2018 when the TRON MainNet appeared. Create one blockchain can now be authentically branded as the public chain of choice, with the most daily active users, the most daily transactions and the largest circulation of stablecoin USDT. By impressing the industry with one achievement after another, it has grown into the global leader among all public chains. As the number of comparable chains and competing alternatives has increased exponentially, TRON continues to stand out with its superior performance, scalability and security, attracting masses of developers and users worldwide.

Following TRON’s anniversary, on June 1, Hong Kong’s Securities and Futures Commission (SFC) began accepting applications for licenses for crypto trading platforms. As a public top chain, TRON has pledged full support for Hong Kong’s Web3 ambitions to become a world crypto hub.

TRON was founded by HE Justin Sun in 2017, and the MainNet went live on May 31, 2018. Five years after the launch of the MainNet, TRON now has over 165 million users worldwide and has processed more than 5.7B transactions. According to DeFiLlama, it also outshines the pack with a TVL (Total Value Locked) second only to Ethereum.

TRON has established a robust trading infrastructure via partnerships across the industry. It has become the global stablecoin highway for USDT, USDC, TUSD, USDJ and USDD.

According to the data on Tether’s website, the supply of TRC20-USDT has exceeded 46.1B, now 10B more than Ethereum-native ERC20-USDT, and accounts for 60% of USDT’s total supply.

Powered by a secure, cost-effective and efficient underlying blockchain, the TRC-20 protocol launched by TRON has become the top choice among on-chain users. In addition, TRON has developed a well-rounded ecosystem covering the hotly contested fields of the sector, including DeFi, NFT, GameFi, stablecoins, metaverse, cross-chain solutions and DIDs, with the involvement of a group of active developers.

TRON aims to increase the on-chain stablecoin market cap to $100B by 2023 and strives to 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 were granted statutory status as authorized digital currencies for use in daily commerce there. This collaboration opened avenues for blockchain projects to explore technology applications and development with sovereign nations.

The next five years look set to be just as exciting as the previous five. The TRON DAO team is convinced that they are working hard to delve deeper into blockchain technology development by welcoming more and more projects and protocols into the ecosystem of #BUIDLtheFUTURE on TRON. TRON is a key player in driving the global digital economy forward, striving to empower decentralized commerce and community for every person on the planet.

About TRON DAO

TRON DAO is a community-run DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by HE Justin Sun, the TRON network has continued to deliver impressive performance since its MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services with over 100 million monthly active users. The TRON network has gained an incredibly good hold in recent years. As of June 2023, it has over 165.1 million total user accounts on the blockchain, more than 5.79 billion total transactions and over $12.0 billion in total value locked (TVL), as reported on TRONSCAN.

In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoins worldwide, surpassing USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, marking the first time a major public blockchain has partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s approval 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, has received statutory status as an authorized digital currency and medium of exchange in the country.

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