Justin Sun: TRON continues to improve the Metaverse public chain ecosystem, striving to bring 8 billion people worldwide into the digital era
TechFlow Selected TechFlow Selected
Justin Sun: TRON continues to improve the Metaverse public chain ecosystem, striving to bring 8 billion people worldwide into the digital era
TRON has established a three-part business model comprising a public blockchain, an exchange, and a stablecoin. Moving forward, it will focus on expanding its ecosystem and industry development to fulfill its mission of becoming a metaverse financial free port, striving to bring the world's 8 billion people into the digital era.
Navigating Web3 tides with focused insightsOn June 7, according to sources, TRON founder Justin Sun recently stated in an internal speech that TRON has established a three-pillar business model of "public blockchain + exchange + stablecoin," and will focus on developing its own ecosystem and industry infrastructure to fulfill its mission as a metaverse financial freeport, striving to integrate the world's 8 billion people into the digital era.
Founded by Justin Sun in 2017, TRON has developed over more than five years into one of the world's leading public blockchains, building a comprehensive ecosystem encompassing public chains, stablecoins, wallets, exchanges, and DeFi. According to data from DefiLlama, since 2021 TRON has grown rapidly, ranking second among public chains in asset staking, just behind Ethereum. At the end of 2020, Ethereum dominated this sector with a 96% share; by April this year, its share had dropped to 52%, while TRON’s share rose from 0.68% to 12.1%.
TRON Will Further Invest in Ecosystem Development
Since its inception, TRON has attracted a large user base thanks to its advantages of high efficiency and low-cost transfers. In early January 2022, TRON’s user count had just surpassed 70 million; by June 2023, within just over a year, it doubled to reach 164 million users. However, due to significantly fewer active developers compared to Ethereum, TRON's ecosystem vitality mainly relies on its DeFi and stablecoin businesses, while other areas have progressed relatively slowly.
In response, Justin Sun noted in his speech that this focused development strategy aims to build core strengths and navigate market volatility cycles steadily. Going forward, TRON will increase investments and prioritize ecosystem construction, aiming to become a metaverse financial freeport serving all 8 billion people globally, continuously contributing to industry advancement and promoting the adoption of cryptocurrency and blockchain technologies.
According to media reports, over the past two years, TRON has supported multiple high-impact projects for internal ecosystem growth. In the NFT space, APENFT—built on the TRON blockchain—has acquired NFT works by renowned artists such as Picasso and Andy Warhol, elevating the NFT ecosystem from community-driven but largely valueless creations to a model grounded in premium artworks and shared prosperity. Meanwhile, with the rise of cross-chain and Layer 2 concepts, BitTorrent Chain (BTTC) has provided viable solutions for the industry.
At the same time, Justin Sun announced dedicated funds to support developer projects migrating from Ethereum to BTTC and TRON, as well as similar special funds in the NFT and GameFi sectors, bringing the total funding across all categories to over $1 billion USD.
Externally, TRON not only supports the development of high-quality projects and forms strategic partnerships but also guides Web3.0 social platforms, GameFi, and other multi-sector initiatives to develop on the TRON network, helping nurture emerging concepts and startups through financial and traffic support.
TRON has also advanced external ecosystem development by exploring regulatory compliance and feasibility, setting examples for the industry’s next phase. In September 2021, the VanEck TRX ETN was listed on Deutsche Börse AG and compliantly launched in 14 countries including Germany, France, and the Netherlands. In August 2022, USDD—a decentralized, over-collateralized stablecoin issued on TRON—was added as a payment method by Travala.com, a leading travel service platform, enhancing real-world applications of cryptocurrencies.
In October 2022, the Caribbean nation of Dominica officially announced a partnership with TRON, designating the TRON protocol as its national blockchain infrastructure. Additionally, Dominica passed legislation recognizing seven digital currencies under TRON as official legal tender, granting them legal currency status. This landmark collaboration marked the first time a blockchain company partnered with a sovereign state, bringing blockchain technology and cryptocurrencies into the mainstream spotlight.
Justin Sun also emphasized that the current industry is in a bear market, and TRON will continue focusing on its core businesses, further refining both internal and external ecosystem development to build a robust ecosystem and strengthen cooperation and exchanges within and beyond the industry. In 2023, TRON plans to enhance core operations like stablecoins, unlocking and expanding the financial infrastructure capabilities of its public blockchain.
Building a Metaverse Financial Services Institution Around DeFi
It is widely known that DeFi plays a critical role in public blockchain development. The widespread application of DeFi not only draws more participants into the blockchain ecosystem but also offers global financial users greater convenience and innovative possibilities, making it a key battleground for public chain competition.
Public data shows that after years of steady operation, TRON has fostered the world’s second-largest DeFi ecosystem. It hosts over $12.3 billion in total value locked (TVL), has processed more than 5.78 billion transactions, and facilitated over $7.87 trillion in transaction volume, solidifying its position as a heavyweight player in DeFi within the metaverse.
Today, TRON has cultivated a perfect DeFi closed-loop ecosystem supported by three pillars. JustLend handles lending, enabling users to access financial services like borrowing without relying on centralized entities; JustStables manages the minting of the stablecoin USDJ, acting as the central bank of TRON’s DeFi ecosystem; and SUN serves as a DEX providing open, transparent, secure, efficient, and decentralized trading services.
Besides lending and trading, stablecoins are one of the three main drivers propelling DeFi growth—and the most foundational element behind TRON’s DeFi expansion. Currently, TRON holds the largest circulating supply of USDT worldwide, exceeding $46 billion, capturing 60% of the market circulation share, establishing itself as the undisputed leader in the stablecoin sector. Yet, TRON’s ambitions in the stablecoin space go even further.
In addition to supporting native TRON-based stablecoins USDJ and USDD, TRON is actively expanding its market reach. After U.S. regulators cracked down on Binance’s BUSD, TUSD emerged as one of the biggest beneficiaries. Now, with Justin Sun’s support, TRON has become the network with the highest TUSD circulation, surpassing $1.3 billion.
Furthermore, strengthening the public blockchain remains one of TRON’s top priorities. Currently, TRON has made notable progress across popular industry sectors including DeFi, NFTs, stablecoins, the metaverse, GameFi, cross-chain, and DID. Justin Sun recently revealed that despite being in a bear market, ecosystem development must not slow down. TRON will focus heavily on building out its DID ecosystem, investing significantly in metaverse gaming and decentralized identity.
Notably, last year TRON, Huobi, and DMC Labs jointly launched the world’s first national token—the Dominica Coin (DMC). Based on this sovereign-backed digital currency DMC, TRON’s future developments in the DID space hold immense potential.
Justin Sun stated that as a next-generation blockchain technology, TRON will drive the development of the global digital economy and facilitate wealth accumulation and resource exchange. In the future, applications on TRON will continuously innovate and upgrade, offering more diverse digital economic services to users worldwide. TRON will remain a vibrant blue ocean full of opportunities, contributing to financial freedom for global users and ultimately becoming a true metaverse financial freeport.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
TRON DAO
