On July 19, Justin Sun, founder of TRON, published a long article on social media, detailing his latest thoughts on the dual-wheel drive of TRX and HTX. Sun believes that the synergy between TRX and HTX has not yet been fully released, but this potential will gradually emerge over time. He said that in the second half of the year, he will focus more on team building, trading experience optimization and stablecoin development to promote the further implementation of the dual-wheel drive strategy.
TRX and HTX dual-wheel drive strategy
Justin Sun pointed out in the article that in the second quarter, HTX's overall liquidity donations and on-chain destruction reached 30.5 million US dollars, accounting for 50% of HTX's revenue. Although slightly inferior to TRX's revenue, this result is still very outstanding, equivalent to a single-quarter deflation of 3%, an increase of 50% from the previous quarter's deflation of 2%. He predicted that under the premise that the HTX coin price remains unchanged, this year's liquidity donations can reach 150 million US dollars, and the annual deflation rate of the DAO protocol can reach 15%. At this rate, all HTX will be destroyed within six years. From the perspective of traditional finance, HTX's PE is only 6 times, which is extremely undervalued.
At the same time, TRX has also performed very well, with the overall protocol revenue expected to reach $700-800 million this year and an annual protocol deflation rate of 6%. In this Web3 world of frequent issuance and inflation, TRX and HTX are regarded as the best safe haven targets, able to develop steadily in a bear market and rise rapidly in a bull market.
Sun Yuchen emphasized that the two-wheel drive achievement of one billion US dollars of agreed deflation in the past year was achieved in the market environment of monkey market and bear market. He believes that with the arrival of the bull market, the results will be even more significant. Regarding the market's underestimation of TRX and HTX, Justin Sun was very calm because he knew that the team was making continuous progress every quarter, so it was particularly important to focus on construction.
Dual-wheel drive and future development
Sun Yuchen mentioned in his tweet that CZ (Changpeng Zhao, founder of Binance) once said that Binance started to make profits in the second month of its establishment. Sun Yuchen believes that only with such a calm mentality can the development of the strategy not deviate from the track, and there will be opportunities to gradually develop and polish the product and user experience. At present, the dual-wheel drive of TRX and HTX cannot catch up with the chain combination of the BNB ecosystem, but the potential has not yet been fully released. Stabilizing the position is the first step, and gradually accumulating strength, the synergy of the two will gradually emerge over time.
Sun Yuchen emphasized that in the second half of the year, he will continue to focus on how to give full play to the charm of the dual-wheel drive, pay more attention to team building, optimize the trading experience and promote the development of stablecoins. He is full of confidence in the future and believes that the protocol revenue is expected to exceed US$1 billion.
Looking ahead
Justin Sun pointed out that the dual-wheel drive is only the first stage. With the gradual development of incubation work, the group's two business segments with revenue exceeding US$500 million are gradually emerging. He believes that the flywheel effect of TRON will be more obvious by then, driving the further prosperity of the entire ecosystem.
Sun Yuchen's long article not only shows his deep thinking on the dual-wheel drive strategy of TRX and HTX, but also points out the direction for the future development of TRON. Under his leadership, TRON will continue to uphold the concept of innovation and development and strive to build a more prosperous and stable blockchain ecosystem.
