On August 7, Justin Sun, founder of TRON, was invited to attend the Asian Blockchain Summit 2024 (ABS 2024), sponsored by TRON. During the event, Justin Sun delivered a video speech, expressing his confidence in the future development of TRON and predicting that the second half of this year will be a period of explosive growth for the TRON ecosystem. He mentioned that he will strive to increase the annual revenue of the TRON protocol to US$1 billion.
Sun Yuchen also highlighted the latest achievements of TRON's user growth and stablecoin business. He pointed out that TRON has attracted more than 240 million global users, processed more than 8 billion transactions, and the total staked volume (TVL) exceeded 19.7 billion US dollars. These data show TRON's strong user base and stable market performance, laying a solid foundation for future development.
He emphasized that the total circulation of TRC 20-USDT issued by TRON in cooperation with Tether has exceeded 60 billion US dollars, and TRON has become the first blockchain network with a single stablecoin supply exceeding 60 billion US dollars. USDT on the TRON network not only provides users with a stable value storage and transaction medium, but also enhances the liquidity of the TRON network. This data not only reflects the market's trust in TRON, but also highlights its leading position in the field of payment and value transfer.
In addition, Justin Sun revealed that TRON will continue to promote the compliance and internationalization of stablecoins in the future, with the goal of achieving a stablecoin market value of $100 billion. At the same time, he mentioned that TRON will launch a gas-free stablecoin transfer solution to reduce user costs and further enhance user experience.
ABS is an annual event that brings together leading innovators, experts, and enthusiasts from the blockchain and crypto industries. ABS 2024 will be held in Taipei from August 6 to August 8, with the theme of "Prospering in the Diverse World of AI and Web3".
