Mainstream Media Spotlight: DWF Labs and TRON Form Strategic Partnership
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Mainstream Media Spotlight: DWF Labs and TRON Form Strategic Partnership
DWF Labs has become a liquidity provider for the TRON blockchain, further supporting its ecosystem.
Navigating Web3 tides with focused insightsRecently, DWF Labs, a global digital asset market maker and Web3 multi-stage investment firm, announced a partnership with TRON, one of the leading blockchain networks dedicated to decentralizing the internet through decentralized applications (DApps). The news has drawn significant attention from major international media outlets and platforms including Bloomberg, Yahoo Finance, CoinMarketCap, and Coinpaper.
According to reports, as part of this collaboration, DWF Labs has become a liquidity provider for TRON, further supporting the blockchain's ecosystem.
Andrei Grachev, Managing Partner at DWF Labs, said: “With over 165 million total accounts and more than 5.8 billion transactions, we firmly believe the TRON ecosystem is leading real-world Web3 adoption. TRON’s exceptional ability to embrace innovative ideas is what attracts us most. As currently the fastest-growing ecosystem in the decentralized application space, TRON continues to launch innovative services and tools, consistently driving forward the blockchain industry. Therefore, we aim to provide further investment as soon as possible to offer additional support to the TRON ecosystem.”
The strategic partnership between DWF Labs and TRON will help strengthen technical cooperation, expand market influence, promote the implementation of blockchain applications, and deliver better services and support. This collaboration will advance blockchain technology development and innovation, accelerate the rollout and adoption of solutions, and provide customers and users with a more secure, efficient, and transparent trading environment.
Below is the original article:
DWF Labs, a global digital asset market maker and Web3 multi-stage investment company, has announced a partnership with TRON, a leading blockchain network committed to decentralizing the internet through decentralized applications (DApps). As part of this collaboration, DWF Labs has become a liquidity provider for TRON, further supporting the blockchain’s ecosystem.
Andrei Grachev, Managing Partner at DWF Labs, said: “With over 165 million total accounts and more than 5.8 billion transactions, we firmly believe the TRON ecosystem is leading real-world Web3 adoption. TRON’s exceptional ability to embrace innovative ideas is what attracts us most. As currently the fastest-growing ecosystem in the decentralized application space, TRON continues to launch innovative services and tools, consistently driving forward the blockchain industry. Therefore, we aim to provide further investment as soon as possible to offer additional support to the TRON ecosystem.”
DWF Labs, a well-known market maker in the blockchain industry, actively supports and invests in various Web3 protocols. Last year, DWF Labs contributed $15 million to Binance-led Web3 industry recovery initiative, providing assistance to struggling protocols during the market downturn. Recently, DWF Labs has also established multiple strategic partnerships with leading global cryptocurrency companies.
A spokesperson for TRON stated: “As a leading blockchain network dedicated to empowering decentralized businesses and communities for the benefit of all humanity, TRON continues to attract innovative ideas and demonstrates remarkable growth within the blockchain space. We are pleased to partner with DWF Labs and leverage their expertise and excellence to further strengthen the TRON ecosystem. Through our joint efforts, we hope to further support TRON in realizing its vision of a decentralized future.”
By partnering with TRON as a liquidity provider, DWF Labs is committed to contributing to the growth of the TRON ecosystem and helping users and community members better utilize the TRON blockchain network.
Founded by Justin Sun in September 2017, TRON has achieved numerous milestones since the launch of its mainnet in May 2018. In recent years, the TRON network has experienced rapid growth. According to TRONSCAN, as of June 2023, the TRON public chain has surpassed 166.5 million user accounts, recorded over 5.85 billion transactions, and achieved a total value locked (TVL) exceeding $11.52 billion.
TRON achieved full decentralization in December 2021 and is now a fully community-governed decentralized autonomous organization (DAO), committed to accelerating the decentralization of the internet through blockchain technology and decentralized applications (DApps).
Additionally, since April 2021, the circulating supply of USDT on TRON has exceeded that on Ethereum, making it the largest in the world. In October 2022, the Commonwealth of Dominica designated TRON as its official national blockchain, marking TRON as the first major public blockchain to collaborate with a sovereign nation on blockchain infrastructure development.
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