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Cryptocurrency News Articles

TRON Founder Justin Sun Discusses the Blockchain Ecosystem's Future Growth, Driven by Community-driven Memecoins and Strategic Partnerships

Nov 01, 2024 at 06:20 pm

The platform's collaboration with Chainlink, a potential USDD upgrade, and future DeFi partnerships are expected to make Tron a major player

TRON Founder Justin Sun Discusses the Blockchain Ecosystem's Future Growth, Driven by Community-driven Memecoins and Strategic Partnerships

Justin Sun, the founder of Tron, recently shared his thoughts on the future of the blockchain ecosystem in a new interview. According to Sun, memecoins and strategic partnerships will play a crucial role in driving the next phase of growth within the blockchain landscape. Notably, Tron’s collaboration with Chainlink, a potential USDD upgrade, and future DeFi partnerships are expected to position Tron as a major player within the blockchain industry.

On October 31, Tron announced a new collaboration with Chainlink, joining the Chainlink Scale program and adopting Chainlink Data Feeds as its DeFi ecosystem’s official data oracle solution. This partnership aims to connect traditional finance (TradFi) institutions with the Web3 space through Tron’s stablecoins and applications, expanding its reach.

In a tweet today, Sun posted, “Once upgraded, over $6.5 billion in DeFi TVL will be secured by Chainlink, creating opportunities for Chainlink and Tron’s over $60 billion in stablecoins and RWA!”

Today’s announcement: @trondao has joined Chainlink Scale, adopting Chainlink Data Feeds as TRON’s official oracle. Once upgraded, $6.5B+ in DeFi TVL will be secured by @chainlink , creating opportunities for Chainlink and TRON’s $60B+ in stablecoins and RWA! pic.twitter.com/ArDkMysuMq

The blockchain platform considers stablecoins to be a key component, as many Asian users view them as “a fiat gateway to enter the crypto space.” Among its priorities is the upgrade of the Tron ecosystem’s stablecoin, USDD, which is expected to be completed by the end of this quarter. As Dai transitions to USDS, abandoning its decentralized framework, USDD may fill the void and offer a truly decentralized stablecoin solution. According to Sun, the team will upgrade the USDD smart contract system to enhance decentralization before 2025.

See also: Justin Sun Receives 3.62M EIGEN; Deposits in Binance at $3.89

Notably, HTX’s recent launch of memecoins on Tron has generated impressive returns, ranging from 100% and above. Sun attributes this success to the platform’s community-centric approach, highlighting returns of up to 500x for new coins. Furthermore, the Tron ecosystem plans to launch new meme coin projects, including AI memes, and will partner with developers on these projects.

Sun also discussed the platform’s future collaboration with DeFi developers and leading players like Aave. The Tron ecosystem also plans to launch new meme coin projects, including AI memes, and will partner with developers on these projects.

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