Public channel TRON What is the difference between TRON?

With the debut of DeFi Summer, more and more public channels have gone public. According to Tronsacn, Tron's TVL, which launched on the core network in 2018, reached $ 11 billion on December 9, including the managed TRX token management system.

01

What is Tron?

Tron is one of the largest decentralized blockchain application operating systems in the world.Tron provides integration with Ethereum smart contracts through a smart pluggable platform. Tron is developing the Proof of Stake Delegated (DPOS) based system to ensure it is understandable across the network.

Tron's vision"Create an ecosystem platform where everyone can participate and benefit from everyone", reduce costs and improve convenience for users, provide developers with easy-to-scale connections, and support their ideas and benefits.

02

troneco-finance

Tron's growth is separated by its involvement in the Green Fund, in terms of infrastructure, Tron continues to develop and distribute in DeFi, Stabilitycoin, NFT, GameFi, oracles, etc., and continually expands the Tron ecological zone.

Over $ 450 million has been invested in DeFi Green Mining to reward participants.The Tron Foundation has also launched mining operations on several occasions for its JustLend and JustSwap loan facilities, and Tron founder Justin Sun will announce 5 billion SUN tokens for miners and veCRV holders in 5 years.

The Tron Foundation was also launched in September 2020."TRON DeFi Investors Ecological Alliance $ 120 million in project support"At the same time, developers who have chosen other public channels can participate, and several design conferences have been held to promote the rapid development of the Tron ecosystem.

Justin Sun returned to Twitter on October 26 this year.US $ 1,111,111,111 of the proceeds will be used to further help build the Tron ecosystem.The funds will be the first to support the development of the BitTorrent channel, announced on Twitter by Daniele Sestagalli, co-founder of Frog Nation and Abracadabra, a DeFi project with the slogan “Occupy DeFi” (#occupydefi).

Aside from his massive financial support for DeFi, Tron has never left the popular NFT yet. In November, APENFT and Tron, the industry company NFT, jointly raised a $ 100 million fund to support NFTs and artists, and artists can find a way out.

0Three

This is why Tron grew up

More investment in DeFi operations allowed Tron to be successful in TVL. According to data from Footprint Analytics, Tron's TVL on DeFi sites reached $ 7.5 billion.

Footprint analysis: Tron TVL

The growth of Tron is often associated with two factors.

One is the prospect of a market, where TVL's rapid growth largely depends on the emergence of DeFi, which also proves the reality of its leadership. Justin Sun believes DeFi and NFT have been the primary targets for the past two years and will continue to support growth in both areas.

The second is the benefits of Tron's green infrastructure, such as the 2000 TPS and lower cost of ownership than Ethereum, ease of use, lower cost, and easier scalability. One of the most attractive features is the ability to convert USDT for free through Tron, compared to the high Ethereum fuel prices, the low cost makes it very attractive for small trades. In addition, users do not have to pay to transfer funds or request investments, and entrepreneurs do not have to request investments, reducing production costs. At the same time, maximizing the benefits of manufacturers, consumers and entrepreneurs is a high priority.

04

Take a closer look at the configuration of Tron.

According to data compiled by Footprint Analytics, DeFi operations on the Tron chain typically include JustLend loans, the DEX brand SunSwap, financially stable financial institutions JustStable and SUN.io, and the bridge crossing only. Cryptos.

Footprint analysis: Tron TVL by protocol

For rent,Tron's first loan deal, JustLend TVL, was worth $ 1.7 billion as of December 9. When it comes to DEX, JustSwap is Tron's first DEX protocol.

SUN.io launched in September 2020 and is Tron's first platform to integrate stable trading, mining and free joint ventures, with TVL at $ 6 as of December 9. Now, SUN.io has completed the acquisition of JustSwap and will develop SUNSwap, the largest DEX platform in the chain. After product development, SUNSwap will integrate DEX, mining capabilities, stable performance and management platform, and SUNSwap platform tokens will also be used for management platform and reward LP . SUNSwap supports the overall green development of Tron and realizes the vision of a wide range of Tron chain users.

Poor stability of parts,Tron's setup includes a chain of major stable currencies such as USDJ, USDT, USDC, and TUSD, in addition to the free USDT exchange rate. Power users generally use Tron's trc20 instead of Ethereum when converting USDT. erc20 allows Tron more than 10 billion dollars. Send stable money several times a day.

The NFT TronLoot application protocol blind swap feature is still running on Tron, and users can activate blinds on Tron by installing and restarting redesign, and get a box that can be sold for more. late. Tron makes Blind Box, a fun game popular with young people, at a price that increases hundreds of times in a month and a half, due to its low price and similar advantages over Ethereum.

After NFT, Tron also started improving the GameFi arena, and Tron's first racing game, the WIN NFT HORSE, was released on November 28 in partnership with the APENFT Foundation and Winklink. Tron is still exploring the Metaverse and announces that the green building designed and developed by developer MetaEstate MetaEstate has been completed at Cryptovoxels.

concludes

Tron's determination on the direction of the wind, continued support of the Green Fund, and the environment for producers and consumers alike make Tron a place in the chain of public racing. Once the funds are spent, the long-term improvement of the public channel will be at the end of the development of applications for the public channels sufficient to attract good customers. Setting up Tron in a lot of places struggles to catch the time, but it still takes time for her to come up with the final answer she can handle.