Recently, at The Trends Summit held in Moscow, Russia, Justin Sun, founder of TRON and member of the Huobi HTX Global Advisory Committee, attended the event online and delivered a video speech, deeply analyzing the development trend of the second decade of the crypto industry. Justin Sun emphasized that the next decade will be a golden period for the public chain ecosystem to support the rapid development of landing scenarios and decentralized applications (DApps). He believes that the advantage of TRON lies in the DAO governance method, and the high scalability and compatibility established from the beginning make it easy to handle these needs.
Suns speech provided valuable insights into the development of the crypto industry and laid the foundation for TRONs strategic planning in its second decade. Under Suns leadership, TRON will continue to promote the development of the public chain ecosystem and decentralized applications, and contribute to the realization of the vision of the Metaverse Web3 Free Financial Port.
At the beginning of his speech, Justin Sun expressed his respect for users and developers from Russia and other countries and regions. He pointed out that the Russian community has contributed many well-known projects and platforms to the global Internet and encryption industry in the fields of Web2 and Web3, such as Ethereum, Telegram, etc. Most of the developers of these projects have Russian or Russian backgrounds.
Justin Sun reviewed the rapid development of the crypto industry over the past decade and proposed his thoughts on the direction of the industry in the next decade. He believes that the key to the second decade lies in how the public chain ecosystem can establish a prosperous and efficient system, and how DApp can meet the diverse needs of users, thereby promoting the development and application of public chain technology.
Sun Yuchen shared the development history of TRON since its establishment in 2017. He said that the TRON network already has 270 million accounts, the total number of transactions has reached 8.9 billion, and the value of circulating assets exceeds 14 trillion US dollars. With its advantages of fast efficiency and low cost, TRON has achieved remarkable results in multiple fields and formed a complete and prosperous public chain ecosystem.
Sun Yuchen pointed out that the public chain platform has shown strong strength in security, availability and scalability, but with the popularization of encryption concepts and changes in demand, the improvement of public chain network performance is imperative. He took TRON as an example to introduce the improvement of the network energy limit and the advantages of DAO governance. He also mentioned the plan of Ethereum founder Vitalik Buterin to improve network performance, emphasizing that this is a consensus in the industry.
Justin Sun also mentioned that the public chain track needs to focus on improving the ecological layout to adapt to emerging new demands.
“What the industry, especially the public chain track, needs to pay attention to is that when the performance and experience are good enough, the public chain must continue to make up for it and form a systematic ecological layout. This is why every time a new narrative emerges, TRON and I will be the first to express our support, because the narrative is also driven by demand, whether it is to solve needs that everyone can see, or to discover needs that may explode in the future.” He said.
In addition, TRON has always maintained an open and supportive attitude, encouraging developers to innovate in different fields by holding hackathons and other means. Currently, TRONs hackathon has been held for the seventh season, and rewards have been given to winning development projects in various fields such as DAO tools, SocialFi, SDK, AI, and network infrastructure.
He pointed out that stablecoin is currently the most advantageous application on TRON, demonstrating the potential of crypto technology to reshape the financial system.
For TRON, stablecoin is currently the most advantageous and fastest-growing application, demonstrating the potential and ability of crypto technology to reshape the existing financial system. According to data from the second quarter of this year, the total network transaction volume of stablecoins reached 8.5 trillion US dollars, more than double the 3.9 trillion US dollars of traditional payment giant VISA in the same period, he said.
Justin Sun is optimistic about the user growth and on-chain activities in the crypto industry, but he also pointed out that the current on-chain activities are mainly limited to transfers, especially the circulation of stablecoins, and the application scenarios are relatively single. He expects TRON to promote the formation of a Web3 lifestyle and eventually build a Metaverse Web3 Free Financial Port.
At the end of his speech, Justin Sun expressed his firm confidence in the future of TRON and Web3. He said that as a globally trusted platform and a persistent entrepreneur, he believes that in the next decade, TRON will not only continue its past achievements, but also create new miracles and provide better services and experiences for global users.
The Trends Crypto Summit is one of the most anticipated events in the field of blockchain and cryptocurrency in Russia. The summit covers a variety of fields such as blockchain, artificial intelligence, the gaming industry and future city technology, and includes keynote speeches, panel discussions, networking opportunities and exhibition areas.
