The growth and increase of media momentum around the TRON project… Find out the reasons!
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Answer The growth and increase of media momentum around the TRON project… Find out the reasons!
Despite the huge drop in the cryptocurrency market in May 2022, the Tron ecosystem has made tremendous progress in its multiple products as well as in marketing and community development progress.
Tron decentralized stablecoin “USDD” achieves important milestones:
According to the statement that Share it Representatives of “TRON DAO”, in May 2022, the “TRON” project achieved a number of achievements, which we learn about in the following:
First of all, the decentralized stablecoin USDD has seen its historic achievement of reaching the top 100 cryptocurrencies on CoinMarketCap by market cap in just 16 days since launch.
Read:Mike Novogratz is optimistic about the future of crypto despite losing $68 million in the market
🌐 built on the back # TRONthriving stable ecosystem, #USDD will end-# escort Through a combination of stable and volatile assets # decentralization #stablecoin (# discs).
🛡 we want American dollar To be the new settlement currency for # encrypt.
– H.E. Justin Sun 🅣🌞🇬🇩 (@justinsuntron) June 1, 2022
Currently, its total market value is close to $670 million, and the minting of this huge amount has been accompanied by the burning of more than 8 billion TRX.
Stable USDD is already listed on a number of top-tier centralized and decentralized cryptocurrency exchanges, including:
JustLend, SunSwap, PancakeSwap, Ellipsis, Uniswap, Curve, Poloniex, Huobi Global, KuCoin, Gate.io, LBank, Bibox, Bitget Global, KyberSwap.
Tron Launches Hackathon for Decentralized Applications and Presents a $10 Million Environmental Program:
Along with USDD, the TRON ecosystem has achieved major milestones in terms of adoption and technical development.
After the collapse of Project Terra (LUNA), Tron ranked third among all public smart contract platforms by Total Locked Value (TVL) at $6.17 billion.
Read:The founder of Ethereum talks about the future of Ethereum and sees decentralization going beyond money
Cryptocurrency has overtaken TRX, AVAX’s original base cryptocurrency and now ranks 13th by market capitalization.
On May 29, 2022, Tron became the most popular blockchain in terms of the number of active accounts.
Justin Sun, founder of TRON, commented on the recent accomplishments, saying:
Read:Huobi Report: Is Bitcoin and Cryptocurrency Network Technology Really Evolving?
Tron’s skyrocketing ascent into the world’s top three public networks by TVL can be attributed to its ongoing efforts to drive growth across the entire ecosystem.
The trading volume of USDD has reached $667 million, the second season of “TRON Grand Hackathon 2022” is underway with notable partners and judges from across the industry, and there is massive growth across the entire ecosystem.
Since the project came under decentralized governance, the TRON community has kept building and developing BUIDLing!
TRON DAO has announced the launch of a $10 million incentive fund program for projects ready to migrate from other blockchains to the TRON network.
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