Recently, Singaporean national football goalkeeper Hassan Sanni's appointment as TRON's chief security officer has become a hot topic in the crypto market, and has also attracted more people to pay attention to the combination of crypto economy and the football industry. It is understood that football is the most popular sport among crypto enthusiasts, and football fans account for as much as 24% of crypto enthusiasts. At present, the European Cup and the America's Cup are in full swing. In this issue of TRON Knowledge Bureau, let us pay attention to how the crypto economy is changing the football industry.

If you are a football fan, you will definitely find that more and more crypto elements have begun to appear on the football field in recent years. For example, the logos of crypto exchanges have begun to frequently roll on billboards beside the stadium, appear in the advertising space on the chest of jerseys, and even become the title sponsor of the stadium...

Halfway through 2024, TRON has opened a new narrative chapter in the past 6 months.

In the first half of the year, the core data on the TRON chain rose across the board. The total number of TRON accounts exceeded 240 million, a half-year increase of 17%. The huge user base has injected continuous vitality into the TRON ecosystem. In addition, the total number of TRON transactions increased to 7.9 billion times, and the total transfer amount exceeded 12 trillion US dollars, further enhancing TRON's status as an industry infrastructure. At the same time, TRON's protocol revenue reached 245 million US dollars, far exceeding Ethereum, and the destruction of TRX exceeded 2 billion pieces. It has been deflationary for 659 consecutive days. TRX has become one of the cryptocurrencies with the highest deflation rate at present. On the other hand, in the first half of the year, although various L2 projects emerged in an endless stream, TRON's total staked volume (TVL) still remained the second largest public chain in the world, and exceeded 25.8 billion US dollars, setting a historical high. The prosperous data reflects TRON's continuous construction and innovation of the ecosystem. In addition to the new season of the TRON Hackathon, on February 25, TRON officially launched the Bitcoin second-layer solution and roadmap, and gradually implemented it through three stages, injecting financial vitality into Bitcoin, demonstrating TRON's responsibility as the industry's leading public chain. At present, TRON has established a strategic partnership with Bitcoin's second-layer network Merlin Chain. Not only that, TRON has also established strong connections with many mainstream technology companies. In the first half of the year, Huawei Cloud Web3 Node Engine Service NES and Amazon Cloud Computing Service (AWS) began to support TRON. On May 14, Google Cloud also joined the TRON blockchain as a super representative candidate. TRON is bringing blockchain technology to the world. On April 16, the theme song "The TRON Anthem" co-created by TRON and Oscar-winning composer Hans Zimmer was officially released. The song is full of fighting spirit, which is also the core of TRON. It is worth mentioning that recently, Singaporean national football goalkeeper Hassan Sanni took up the position of TRON's Chief Security Officer. In addition to cross-border linkage, it also highlights TRON's security protection in the blockchain field. In the future, we will shoulder the mission of building a metaverse financial free port and continue to serve the majority of users.

The TRON monthly report is freshly released. Let’s take a look at TRON’s outstanding performance in June.

The latest data from the blockchain browser TRONSCAN shows that as of July 1, 2024, the total number of TRON accounts has reached 241,011,604, officially exceeding 241 million.

Since the official launch of the mainnet on May 31, 2018, TRON has been committed to building the infrastructure of the decentralized Internet and actively promoting the advent of the decentralization of the Internet. At present, the number of transactions of TRON exceeds 7.9 billion, and the total locked volume (TVL) exceeds 21.1 billion US dollars. It is an important global payment network and has become a decentralized autonomous organization (DAO) governed by the community. In October 2022, TRON was officially designated by Dominica as its national blockchain infrastructure. TRON has thus become the first large-scale public chain to reach a cooperation with a sovereign state to develop blockchain infrastructure.

In the past week, the TRON project progressed smoothly. In order to meet the reading needs of TRON global community enthusiasts, this week’s weekly report is divided into 14 languages. Please choose to read.

                          

Chinese (Simplified)

Traditional Chinese

English

According to Token Terminal data, Tether's USDT monthly active users reached 10.9 million, of which TRON's USDT monthly active users were 9.2 million, accounting for 84.3%.

Since 2021, TRON has always dominated the use of USDT. Currently, the issuance of TRC 20-USDT has exceeded 59.8 billion, the number of holding accounts has exceeded 46 million, and the cumulative number of transfers has exceeded 1.82 billion. With 52% of the USDT circulation, TRON continues to consolidate its dominant position as the largest USDT issuance network. Stablecoin payments have become one of the widely accepted use cases for non-crypto users. In the future, TRON will continue to leverage the advantages of a secure and efficient public chain to bring more convenience to global users.

1. What is modular blockchain?

When we discuss modular blockchain, we must first understand the concept of Monolithic Blockchain. Monolithic chains, such as Bitcoin and Ethereum, are known for their comprehensiveness and independently undertake all aspects of the network, from data storage to transaction verification to smart contract execution. In this process, the monolithic chain plays the role of a generalist and is involved in all aspects.

Taking Ethereum as an example, a mature single blockchain can generally be roughly divided into four architectures: The following figure explains the role of each layer of architecture in detail by comparing the bookkeeping on the blockchain to a football game:

Recently, stUSDT announced that it has cooperated with ChainSecurity to conduct a comprehensive security audit of its smart contracts and published a complete security audit report and white paper on its official website. This move further demonstrates its unremitting commitment to user security and fully proves that the stUSDT platform is a reliable choice for participating in real-world assets.

It is reported that ChainSecurity is a top security audit company in Europe and the United States, and has provided security audit services to well-known institutions or projects such as the Ethereum Foundation, Circle, Polygon, Uniswap, MakerDAO, Curve, Compound, Yearn, and Lido. With the successful completion of the audit process, no critical or high-risk vulnerabilities were found in the stUSDT contract.

Odaily Planet Daily News SlowMist released the 2024 Mid-Year AML Report, covering key regulatory policies, security incidents and "anti-money laundering" trends. Some of the key points are as follows: 1. In the first half of 2024, 223 major security incidents were recorded, with a loss of US$1.43 billion, an increase of 55% year-on-year. Most of the losses occurred on the Ethereum network, followed by Arbitrium; 2. Regulatory efforts are increasing in mainland China, as well as Hong Kong, Singapore, the United States, Europe, and the Middle East. Due to the complexity of cryptocurrencies, regulation involves financial stability, consumer protection, and anti-money laundering. As the market grows, strong regulation and international cooperation are essential to address these challenges; 3. In the first half of 2024, Tether banned 374 ETH addresses and froze all USDT-ERC20 among them, while Circle banned 28 ETH addresses and froze all USDT-ERC20 among them. With the support of InMist's internal partners, SlowMist has frozen approximately $24.39 million in stolen funds; 4. One of the main money laundering gangs is still the North Korean hacker group Lazarus, which continues to design more complex money laundering methods.

Blockchain data analysis platform CryptoQuant announced the integration of TRON data. Users can access a variety of indicators and analysis tools through CryptoQuant to obtain detailed insights into the dynamics of the TRON blockchain and provide reference for decision-making.

CryptoQuant is a leading provider of on-chain and market data analytics for institutional and professional cryptocurrency investors. This integration of CryptoQuant will further enhance the global accessibility of the TRON network and help users better analyze and understand the TRON network in depth. Additionally, this integration significantly improves data quality by ensuring data consistency.

Odaily Planet Daily News: After migrating to the Ethereum gaming network Ronin and launching tokens, the blockchain game Pixels has attracted millions of players. Pixels founder Luke Barwikowski revealed that the team is developing other games in the Pixels universe and working with external developers. Barwikowski said that the team will set the direction and then hand it over to external development, and then add blockchain elements. He also mentioned that he might launch games on Telegram to explore the potential of the platform. Barwikowski said: "We may be considering launching another project on Telegram. This may be an Alpha version-but it's like a side experiment. Telegram is an interesting ecosystem... We might give it a try." Pixels is developing an internal story background and plans to launch a mobile app to try the incentive download model on iOS and Android devices. (Decrypt) Earlier on June 19, Pixels announced on the X platform that the second chapter has been officially launched. The second chapter is committed to making Pixels more interesting, while introducing new systems to ensure the sustainability of the game.

Odaily Planet Daily News: A lawsuit accusing Keith Gill (Roaring Kitty), the "leader" of Internet celebrity stocks, of participating in a "pump and dump" scheme involving GameStop Corp. stock was withdrawn a few days after being filed. In a proposed class action lawsuit filed in the Brooklyn Federal Court in New York last Friday, GameStop shareholder Martin Radev sued Gill for securities fraud, claiming that Gill attempted to manipulate stocks for his own benefit. In a court filing late Monday afternoon, Radev said he voluntarily withdrew the lawsuit. It is unclear why Radev dropped the lawsuit, and his lawyer did not immediately respond to a request for comment. The withdrawal does not affect his rights, which means he can file a lawsuit again. (Cailian Press)

In late June, Chongqing Business Media Group Co., Ltd. officially released an apology statement to TRON founder Justin Sun on the People's Court Announcement Network.

This also means that the two-year-long case of "Justin Sun suing the media for defamation" finally ended with the plaintiff Justin Sun winning the case and the defendant apologizing.

Although justice came a little late, and the reputation loss suffered by the plaintiff in the past two years is difficult to quantify and recover, this result will still have a certain deterrent and warning effect on the spread of subsequent related rumors. For the Web3 industry, which has long been criticized, this judgment once again proves that "Web3 is not a lawless place", which helps to urge information service practitioners to "speak with evidence" and thus build a more responsible and healthy information dissemination environment.

Odaily Planet Daily News: 20 crypto exchanges in South Korea and the Digital Asset Exchange Alliance (DAXA) jointly formulated the self-regulatory code "Best Practices in Supporting Virtual Asset Transactions", which outlines the best practices for listing and delisting virtual assets. DAXA is an industry organization composed of the five largest cryptocurrency exchanges in South Korea. The move is in preparation for the "Virtual Asset User Protection Act" scheduled to be implemented on July 19. Once the bill comes into effect, all Korean crypto exchanges will formally implement these guidelines. In addition, within six months from the date of implementation of the guidelines, approximately 1,333 virtual assets currently traded will be re-evaluated. Between January and June of this year, DAXA member exchanges delisted a total of 39 cryptocurrencies. Despite the increased scrutiny, the industry does not expect a large-scale one-time delisting. (Digital Today)

Odaily Planet Daily News Grayscale Research team said in a statement that in June, Bitcoin and the crypto market were under pressure from multiple selling pressures, but the fundamentals of the assets did not change much. Grayscale Research expects spot Ethereum exchange-traded products (ETPs) to begin trading in the third quarter of 2024. If there is no major shift in the macroeconomic outlook, Grayscale Research expects cryptocurrency valuations to recover in the coming months. In June, Bitcoin's selling pressure came from multiple sources, including the Mt.Gox bankruptcy legacy, German government liquidation, U.S. government sales, and Bitcoin miners' reductions. At the same time, Microstrategy's purchase of nearly 12,000 bitcoins in mid-June may have supported prices. Although short-term liquidity has affected Bitcoin prices, Grayscale believes that there have been no major changes in asset fundamentals. Grayscale Research is optimistic about the outlook for cryptocurrency valuations for the rest of the year, believing that the macro background still supports the crypto asset class.