Key Takeaways
TRON DAO introduced its integration with Chainlink Knowledge Feeds to boost safety for its DeFi functions.
The TRON community has over 270 million consumer accounts and generates vital quarterly income.
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Geneva, Switzerland, November 6, 2024 – Justin Solar, Founding father of TRON, International Advisor of HTX and Prime Minister of Liberland, delivered a keynote handle on the Chainlink SmartCon, held in Hong Kong from October 30 -31. This industry-leading convention introduced collectively high blockchain founders and consultants from the world’s largest monetary establishments and market infrastructures, the place TRON DAO was featured as a Silver Sponsor. Throughout his keynote speech, Solar introduced that Chainlink Knowledge Feeds will turn out to be the official knowledge oracle resolution for the TRON blockchain ecosystem as a part of TRON DAO becoming a member of the Chainlink Scale program.
Occasion Highlights
TRON DAO was proud to take part as a Silver Sponsor at Chainlink’s SmartCon, the place its sales space turned a vibrant hub for participating with {industry} leaders, builders, and blockchain fanatics. The occasion provided TRON a precious alternative to showcase its newest improvements and imaginative and prescient for empowering creators, builders, and customers by way of a decentralized ecosystem.
Justin Solar’s Keynote Highlights
“Chainlink’s industry-standard knowledge oracles will assist safe JustLend and JustStable—the 2 largest DeFi functions on TRON, representing over 6.5 billion in Complete Worth Locked (TVL),” Solar acknowledged. TRON’s participation within the Chainlink Scale program supplies builders with sustainable entry to high-quality and hyper-reliable oracle providers whereas additionally creating further alternatives for Chainlink and TRON’s $60 billion in stablecoins and real-world belongings (RWAs).
Initially, TRON will cowl sure working prices of Chainlink oracle networks (e.g., transaction fuel charges) for a time period, earlier than such prices can transition to being totally coated by dApp consumer charges because the ecosystem matures.
Solar additionally highlighted the TRON blockchain’s vital progress, reporting a worldwide consumer base of over 270 million accounts and eight.8 billion transactions. Moreover, the TRON blockchain achieved historic highs with $577 million in quarterly protocol income in Q3 2024.
Wanting Forward
In closing his keynote, Solar highlighted a number of initiatives on TRON’s roadmap: a Bitcoin Layer 2 resolution and gas-free stablecoin transfers. With these key initiatives, TRON DAO plans to increase accessibility, empower builders, and ease blockchain adoption, setting a powerful basis for builders and tasks constructing on the TRON blockchain.
About TRON DAO
TRON DAO is a community-governed DAO devoted to accelerating the decentralization of the web by way of blockchain expertise and dApps.
Based in September 2017 by Justin Solar, the TRON community has continued to ship spectacular achievements since MainNet launch in Could 2018. July 2018 additionally marked the mixing of BitTorrent, a pioneer in decentralized Web3 providers, boasting over 100 million month-to-month lively customers. The TRON community has gained unbelievable traction in recent times. As of November 2024, it has over 270 million complete consumer accounts on the blockchain, greater than 8.8 billion complete transactions, and over $16 billion in complete worth locked (TVL), as reported on TRONSCAN.
As well as, TRON hosts the biggest circulating provide of USD Tether (USDT) stablecoin throughout the globe, overtaking USDT on Ethereum since April 2021. The TRON community accomplished full decentralization in December 2021 and is now a community-governed DAO . Most lately in October 2022, TRON was designated because the nationwide blockchain for the Commonwealth of Dominica, which marks the primary time a serious public blockchain partnered with a sovereign nation to develop its nationwide blockchain infrastructure. On high of the federal government’s endorsement to concern Dominica Coin (“DMC”), a blockchain-based fan token to assist promote Dominica’s international fanfare, seven current TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory standing as approved digital forex and medium of change within the nation.
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Media ContactYeweon Park[email protected]
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