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Tron Ecosystem (TRX)

Tron Ecosystem (TRX) – Is Tron the boss of Gambling?

Overview of the Tron ecosystem with projects that have been and are developing inside. What opportunities will there be to invest in this ecosystem?

Perhaps in addition to Ethereum and Binance Smart Chain, to talk about another popular name that almost all players from long time to new in know, it is Tron.

If you want to know why Tron can become so popular, or simply want to systematize Tron, then this article is very suitable for you.

What is the Tron Ecosystem?

What is Blockchain Tron?

Founded by the non-profit company TRON Foundation in July 2017, Tron is a Smart Contract Platform inspired by Ethereum.

With high scalability, large bandwidth, Tron allows developers to create Smart Contracts and develop dApps.

Here are a few basic parameters about Tron:

  • Token TRX:
    • Current Market Cap: $10,557,323,109.
    • Fully Diluted Cap: $14,774,734,819.
    • ATH: $0.23.
    • ATL: $0.0018.
    • Circulating/Total Supply: 71,660,220,128 / 100,850,743,812.
    • List of major exchanges listed: Binance, FTX, Huobi,…
  • Blockchain Tron:
    • TPS: 50.
    • Blocktime: ~2s.
    • Total Tx: 1,849,186,530.
    • Avg. Tx fee ($): $0.32.
  • Number of DApps on Tron: The latest daily active dApp count, as reported by Tron, is 154.
  • Partners: Poloniex, Samsung, Bittorent, Swisscom Blockchain, Opera.

Development process

  • 2017: Official Tron mainnet, highly appreciated by the community for transaction speed and transaction fees, leading to a sharp increase in TRX price.
  • 2019: Tron acquired Bittorrent – a peer-to-peer resource sharing project, then Bittorent quickly held an IEO on binance and created a buzz xxxx, both tron and Btt increased during this period.
  • 2020: When the DeFi market exploded, Tron quickly launched a series of platform products in its ecosystem such as Justlend, Justswap,…
  • 2021: Expanding the ecosystem, calling for Dev, organizing Hackathon.

Highlights of the Tron ecosystem

With an average Tx fee of about $0.32, Tron is currently one of the cheapest blockchains to send USDT.

The current Tron ecosystem is quite “centralized”, because it almost relies on Justin Sun as the main one.

You can review this information in more detail and completeness with the article: What is Tron (TRX)? Complete set of TRX cryptocurrency.

In this section, I will review each important piece of Tron’s defi ecosystem with you and compare them with other ecosystems.

Pieces of the Tron ecosystem

Stablecoins

Currently Tron has USDT and USDJ with the following amount:

  • USDT as of May 8 is $28,994,331,936.06.
  • USDJ as of 8/5 is $9,900,000,000.

On April 19, the number of USDT circulating on Tron officially surpassed Ethereum, making Tron the Blockchain with the most USDT up to now.

Another interesting point, almost all platforms have stopped issuing USDT, from the beginning of 2021 to the present (5/2021), only Ethereum (issued more ~$11B), Tron (released more ~$20B).

As can be seen, the USDT issued on Tron is very popular with users, which is due to the extremely cheap transfer fees as mentioned above.

AMM DEX Liquidity

Prominent names in this segment include: Justswap (current TVL: $2.2B), Uswap, PoloniDEX. 3/4 of the names are probably familiar to you.

Only Uswap is a recent new project, also one of the three names that won the second prize of Tron’s Hackathon (announced phase 1). In addition, if CEX is included, Tron also has Poloniex.

Oracle

No project excelled in this puzzle except Justlink – the project was later acquired by Wink, and renamed Winklink.

Lending Borrowing

Justlend (current TVL: $2.7B) and Zephyr are two typical projects in the Lending – Borrowing segment. While Justlend also belongs to the project segment of Justin Sun, Zephyr is a new name from Tron’s Hackathon.

Derivatives

YFX is the project that won the first prize in the recent Hackathon, a project working on derivatives, supporting multiple chains as well as allowing users to use leverage up to 100x. In addition, here are some interesting news about the two Rounds of YFX Genesis mining program (providing liquidity to receive YFX):

  • Round 1 volume reached $1,400,000,000 in 13 days; 19k participants; 226,262 transactions.
  • Round 2 volume reached $3,880,432,628 in 10 days; 24.8k participants; 230,000 transactions. In which, on the second day of Round 2, 12h volume reached $1B, had over $10M in liquidity and surpassed Uniswap during that time.

Gambling

This is a relatively new area, and has received little attention from many ecosystems – except for Tron. Specifically, the following are the Gambling dApps with the most players in the last 24 hours:

  • Wink.
  • Betfury.
  • 888TRON.
  • Mollah.bet.
  • Dragon7.

Personally, I find that Wink is a force in this field with the current Mcap token WIN has more than $1B, along with more than 50 games and a variety of gambling genres.

Future projections and investment opportunities on the Tron ecosystem

Justin Sun has always been a trendsetter very quickly, some projects that may soon be developed on Tron include:

  • IDO Platform on Tron: Tron recently announced a partnership with DAO Maker – the famous IDO platform on Ethereum, Tron himself announced the cooperation, so it is highly likely that Maker DAO will be the main IDO on the ecosystem Tron.
  • When IDO begins to expand on Tron, the demand for TRX tokens will increase sharply, because it is highly likely that project tokens will be purchased with USDJ – Stablecoin minted from TRX.
  • NFT Marketplace on Tron: Similar to Ethereum, Tron also has a TRC 721 token used to issue Non-fungible tokens (NFTs).

At the same time, Tron Justin Sun is also quite interested in the NFT market, constantly spending tens of millions of dollars to participate in the auction of artworks, a separate NFT Marketplace to serve enthusiasts. art on Tron is entirely possible.

In a market that is very competitive among Blockchains today, besides following the trend, Tron must do something really special to attract users, like the project did. in 2017.

In summary, my projection is that Tron will focus on the following points:

  • More IDOs will explode, as well as fundraising platforms will spring up.
  • NFT will grow.
  • Gambling will be promoted more, but the market share will be in Wink is much.

So how to make profit from Tron? If you read the next part, you will understand.

Investment opportunity in Tron ecosystem

We will have 3 investment opportunities/fields on the Tron ecosystem:

1. Invest in TRX

TRX is the native token of the TRON ecosystem, when the TRX ecosystem develops, TRX will certainly benefit. There are many use cases for TRX that can be mentioned such as: transaction fees, farming, staking, collateral,…

TRX’s current cap is ~11B, if it is considered a platform token like DOT with a cap of 40B, then TRX still has an opportunity to invest, although in fact DOT has an additional incentive PLO (Parachain Lease Offering – using DOT to Parachain auction).

2. Invest in dApps & Protocols on Tron

No different from other ecosystems, basic pieces like Exchange, Lending or Oracle need attention if you want to invest in this direction,

Also, consider Tron’s Hackathon, where it can be expected that Tron will find the missing pieces.

On Tron, there is now a liquidity pool (mainly from Just Network), and there is also a good source of Yield (from SUN), there are many things that can be developed from these 2 basic platforms:

  • Development on Pool: Margin DEX, perpetual DEX, lending/borrowing, synthetics assets, liquidity aggregators,…
  • Development on Yield: Yield Optimizer projects such as Max Yield, fixed-rate interest, tranche,…

Currently, only the winning projects of phase 1 have been announced, with 8 more announcements remaining. We can totally wait for the next projects on Tron Hackathon.

3. Yield Farming

Transaction fees on Tron are quite cheap, which is an ideal condition for small investors to participate in farming.

Tron has developed an Incentives Layer, that is the SUN project, users can deposit LP tokens, as well as provide liquidity to JustLend on SUN to receive token incentives such as SUN, JST,…

Currently, on sun.io, there are only pairs of SUN-TRX (APY 36.41%) and TUSD-TRX (APY 27%), the rest all have a not too high APY level (<10%).

Brothers who farm these Pools will receive as many tokens as mentioned. But there is also a risk of being hacked when farming, so you need to consider this point carefully.

In addition, in Pool WIN and SUN on Justlend, there are also quite good profits (13.68% and 12.64%) when you deposit WIN or SUN to lend.

Conclude

Overview of the Tron ecosystem, we will draw some key points as follows:

  • TRX is seen as the hub in the Tron ecosystem, used for many purposes.
  • DeFi platform pieces such as Stablecoin, DEX, Lending on Tron are developing and have a very strong foundation (Supply side), but demand (Demand Side) is quite low.
  • The Tron ecosystem is moving towards scaling. Tron DeFi Hackathon, IDO on Tron will play very important roles in the future of the ecosystem, helping Tron find the missing pieces..

The above is an overview of the Tron ecosystem, an ecosystem that is not so prominent today, but if you look closely, there are still investment opportunities on this ecosystem.

Please leave your comments with idolmeta.net to find investment opportunities.

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