TechFlow - TRON mainnet launches fifth anniversary, global leading public blockchain reaches important milestone
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TechFlow - TRON mainnet launches fifth anniversary, global leading public blockchain reaches important milestone
Since its launch on May 31, 2018, the TRON ecosystem has flourished over the past five years, continuously achieving industry-recognized milestones and has become one of the world's leading public blockchains.
Navigating Web3 tides with focused insights
On May 31, TRON officially marked the fifth anniversary of its mainnet launch. Since going live on May 31, 2018, TRON has flourished over five years of development and achieved remarkable milestones that have captured industry attention, establishing itself as one of the leading public blockchains globally. Amid increasingly fierce competition among global public chains, TRON has successfully attracted a large number of developers and users worldwide thanks to its outstanding performance, scalability, and security. As Hong Kong Special Administrative Region prepares to issue cryptocurrency-related licenses starting June 1, TRON, as a top-tier Chinese public chain, stated it will fully support Hong Kong's development of Web3.0.
Building a Robust Ecosystem with Industry Partners
Founded by Justin Sun in 2017, TRON’s mainnet officially launched on May 31, 2018. Over the past five years, TRON has amassed over 162 million users globally, processed more than 5.6 billion transactions, and achieved a total value locked (TVL) of $5.76 billion—second only to Ethereum and firmly ranking second in the industry.
TRON has partnered with industry players to build an open and mature ecosystem. From a top-level design perspective, TRON has established a comprehensive stablecoin ecosystem consisting of USDT, USDC, TUSD, USDJ, and USDD, offering a diverse range of stablecoins with strong liquidity, regulatory compliance, decentralization, and high collateral ratios.
According to data from Tether, the issuer of USDT, the circulation of USDT on the TRON network has exceeded $46.1 billion, significantly surpassing Ethereum's $36 billion and accounting for 60% of the total USDT market circulation.
At the same time, TRON continues to drive growth in multiple stablecoin offerings including USDC, TUSD, USDD, and USDJ, aiming to provide users with a diversified stablecoin network and help shape a more complete public blockchain ecosystem.
Leveraging its secure, low-cost, and highly efficient underlying blockchain advantages, TRON's TRC-20 protocol has become the preferred choice for on-chain users. Additionally, supported by an active developer community, TRON has built a comprehensive ecosystem across major industry sectors such as NFTs, DeFi, GameFi, stablecoins, the metaverse, cross-chain solutions, and decentralized identity (DID).
Justin Sun previously stated that TRON aims to increase the total market capitalization of stablecoins on its chain to $100 billion in 2023, positioning itself as the "cheaper, more user-friendly Ethereum" and becoming the platform of choice for stablecoin users.
Advancing Globalization and Regulatory Compliance
Globally, TRON consistently adheres to the principle of compliant operations, maintaining close cooperation with governments and regulatory authorities around the world. Prioritizing compliance, TRON thoroughly understands local policies and regulations and actively participates in policy formulation and discussions on industry standards to ensure the compliant and steady development of its ecosystem.
TRON has established branches in multiple countries and regions worldwide, covering North America, Europe, and the Asia-Pacific region. Meanwhile, TRON has also developed strong cooperative relationships with financial regulators in several countries, advancing the compliance process for the digital currency and blockchain industry.
In October 2022, seven tokens under TRON were granted legal tender status in Dominica, making TRON the nation's national public blockchain and pioneering a new model of collaboration between a blockchain project and a sovereign state to explore technological applications and development. Following this achievement, TRON expressed its desire to establish similar partnerships with other regions and countries, such as Sint Maarten.
As a result, leveraging its leading technological capabilities and global compliance strategy, TRON has successfully obtained a series of significant global regulatory approvals. For example, in September 2021, TRON partnered with global top-tier asset management firm VanEck to successfully launch a TRX ETN on the Deutsche Börse, which was subsequently listed on mainstream financial markets across 14 European countries. Beyond Europe, TRON's presence in Asia and North America continues to expand, laying a solid foundation for its global business growth. In 2022, when Hong Kong announced its new crypto initiatives, TRON stated it would fully support Hong Kong’s advancement in Web3.0.
Justin Sun said that TRON will continue to deepen its focus on blockchain technology and industry innovation, driving the development of the global digital economy and contributing to building a safer, more efficient, and decentralized Web3.0 world.
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