Justin Sun, the CEO of TRON, one of the fastest growing blockchain protocols and ecosystems globally, has said that TRON’s usage is growing rapidly in Southeast Asia and Africa, and in particular, Nigeria.
Speaking at a recent DeFi conference, Justin said that the TRON ecosystem is seeing a daily address increment of between 50, 000 – 100, 000, which means it is growing in the same order of magnitude as Ethereum.
“TRON is growing rapidly every day. The total number of addresses on TRON just exceeded 10 million some time ago, and now it is growing at a rate of about 1% every day.
TRON is now the only public blockchain protocol in the world that can compete with Ethereium in various fields such as DeFi.” ~ Justin Sun, CEO, TRON Foundation
In light of this impressive growth, Binance recently announced the addition of a TRON Naira trading pair (TRX / NRN) now bringing to five the currency pairs now available on Binance using Naira.
Justin Sun, CEO of TRON, was clearly excited about this development as he went on Twitter and showed support for the new trading pair.
Let's go! 😆 🇳🇬 https://t.co/NVspMBbSNU
— H.E. Justin Sun🌞🇬🇩 (@justinsuntron) September 30, 2020
SEE ALSO:Â Binance P2P Adds Support for Kenya Shillings via M-PESA for All Users at Zero Transaction Fees
Speaking about the potential for TRON’s growth in emerging markets, Justin said:
“Although TRON has developed well in the Chinese market, most of TRON’s current users are from emerging blockchain countries such as the United States, Southeast Asia, and Africa.”
TRON is currently the most active chain based on the number of active users and dapps having surpassed Ethereum as shown below:
In order to further enrich and strengthen the TRON DeFi ecosystem while supporting blockchain entrepreneurs, TRON Foundation recently established a $120 million fund dubbed ‘DeFi Entrepreneurial Ecosystem Alliance Support Program.’
The goal of the fund is to support and reward DeFi developers for their efforts in investing in the TRON ecosystem.
(1/7) 🎉In order to enrich and strengthen the #TRON DeFi ecosystem as well as support blockchain entrepreneurs, TRON now announces to establish a 120 million US dollar Entrepreneurial Ecosystem Alliance #DeFi Support Program!https://t.co/XJHAw2730m
— H.E. Justin Sun🌞🇬🇩 (@justinsuntron) September 30, 2020
The TRON Foundation also recently announced JustWrapper, a product that supports total privacy transactions via USDT – zero-knowledge proof. Shielded transactions via JustWrapper allow the sender and receiver to remain completely hidden on the blockchain including the amount sent, as if the entire transaction does not exist on the blockchain.
JustWrapper is expected to be see widespread adoption as it includes:
- Zero thresholds
- Unlimited liquidity
- Convenient and fast
- Open to everyone
- High yield
🚀Learn 4 Core Characteristics of @JustWrapper:
🎈Safety and reliability guaranteed by zk-SNARKs
🎈Instant delivery
🎈Untraceability and privacy
🎈Intuitive and smooth interactionJust download #TronLink app to experience it
📥 https://t.co/3PAVVioZgQ— TronLink (@TronLinkWallet) September 30, 2020
TRON Foundation is also behind the BitTorrent token (BTT), the world’s only decentralized platform with 2 billion active users and the world’s first decentralized storage platform.
The BitTorrent protocol once drives 40% of the global internet traffic at its peak. Currently, nearly 5% of the Internet traffic in the world is transmitted daily by the BitTorrent protocol.
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