TRON to launch gas-free stablecoin transfers in Q4 2024, first on TRON, then on Ethereum and all EVM-compatible chains.
TRON maintains stable user growth despite market volatility, indicating strong foundational structure and user trust.
Justin Sun offers to buy Germany’s Bitcoin stash to reduce market impact amid recent BTC price drops.
TRON founder Justin Sun has announced a new initiative aimed at revolutionizing stablecoin transfers by eliminating gas fees. This solution will enable transfers without the need for gas tokens, with the fees covered by the stablecoins themselves. The innovation will debut on the TRON blockchain before expanding to support Ethereum and all EVM-compatible public chains, with a launch anticipated in Q4 of this year.
Our team is developing a new solution that enables gas-free stablecoin transfers. In other words, transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) July 6, 2024
Benefits for Large Companies
Sun believes that this development will benefit large companies, allowing them to deploy stablecoin services on the blockchain more efficiently. By removing gas fees, businesses can facilitate transactions at a reduced cost, potentially accelerating blockchain adoption.
TRON’s blockchain operates with a unique tokenomics system, generating a block every three seconds. Block producers receive a reward of 32 TRX per block, with nodes receiving 16 TRX per block. For this, inflation occurs at a rate of around 500 million TRX in a given year.
Thus, while other platforms have fluctuated on the market, decentralized application (dApp) users of TRON have remained constant, as the analyis by CryptoQuant highlighted.
The analytical service noted that TRON’s ability to hold and even increase its active users during periods of market uncertainty speaks to the network’s strong foundational structure.
$TRON Network Maintains Resilient User Base Amid Market Uncertainty"@trondao has exhibited a resilient user base as active users have grown since the start of the year and maintained near all-time high levels despite market uncertainty and sell pressure across the broader… pic.twitter.com/LJBfdXixvU
— CryptoQuant.com (@cryptoquant_com) July 5, 2024
Diverse Project Ecosystem
CryptoQuant analysts attribute TRON’s success to the diverse range of projects within its ecosystem. TRON offers solutions for payment processing, stablecoins, and the integration of real-world assets, engaging users through practical and applicable services.
The continued use of the TRON platform indicates a high level of trust and satisfaction among its users. This is crucial for any network looking to endure in the volatile cryptocurrency market. TRON’s ability to retain users and maintain activity levels during market downturns demonstrates the network’s value and reliability.
Justin Sun’s Bitcoin Offer to Germany
In a separate move, Sun recently offered to purchase the remaining Bitcoin held by the German government. Announcing on social media platform X, Sun stated his willingness to negotiate an off-market purchase to minimize market impact. This offer comes amid a significant drop in Bitcoin’s market value.
The consistent number of users on TRON, despite market volatility, highlights the ecosystem’s strength. TRON’s diverse applications have not only attracted but also retained a significant user base in the crypto space, showcasing the network’s stability and resilience.
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