TRON has made a series of developments and collaborations that have strengthened its position in the Web3 space. Here are the highlights of 2023.
Network Growth and Stablecoin Dominance
The TRON network has seen decent growth, with a 54% increase in accounts, now exceeding 204 million. The total trading volume reached more than $10 trillion, and the total value locked (TVL) ranked second in the world, reaching $8.14 billion, according to ChallengeLlama. The rise of TRON-based stablecoins, such as USDT, TUSD, USDC, USDD, and USDJ, reached a value of $50 billion and helped expand the DeFi landscape.
Important collaborations
Strategic collaborations have been at the forefront of TRON’s achievements. TRON supported the launch of the Dominica Metaverse Bound Token (DMBT) by DMC Labs, under the Dominica Metaverse program approved by the Government of Dominica. Additionally, TRON joined the Japan Cryptoasset Business Association (JCBA), representing its commitment to further explore the Japanese market. Additionally, integrations with Google Cloud’s BigQuery and Huawei’s Web 3.0 Node Engine service have expanded TRON’s networking capabilities.
Visit to HackaTRON and TRON builders
Starting from Season 4 of HackaTRON, in collaboration with HTX, it mobilized over 625 participants and 172 projects, resulting in 30 judge-voted winners and 30 community-voted winners on the DeFi, Web3 tracks , NFT, GameFi, Builder and Eco-Friendly. Season 5, in collaboration with BitTorrent Channel (BTTC) and HTX, attracted more than 3,500 participants and more than 2,000 projects. This season saw 25 judges-voted qualifiers and 25 community-voted winners across the Web3, DeFi, Artistry, Builder, and AI tracks. The HackaTRON S4 and S5 2023 offered a substantial prize pool of up to $1,000,000* in total.
Meanwhile, the TRON Builder Tour (TBT) was held at various stops, such as Stanford, Princeton, New York, Los Angeles, Miami, and Barcelona. The Princeton stage included nearly 100 participants and a prize pool of up to $8,000*. In each city, the tour brought together blockchain enthusiasts, developers and students, fostering an environment of learning and networking. Note: All prices were issued in USDD and not USD, restrictions apply.
Ecosystem initiatives
Another major milestone achieved in 2023 by TRON was the inauguration of the $100 million AI Development Fund, showcasing TRON’s initiative to combine artificial intelligence with blockchain technology. Another initiative created is the TRON Climate Initiative, which further highlights TRON’s commitment to sustainability.
Participation in events
TRON has participated in events such as Consensus 2023, Token2049 and Binance Blockchain Week. TRON won the “Best Layer 1 of the Year” award at the Blockchain Life 2023 event in Dubai, a nod to their robust infrastructure.
As 2023 draws to a close, TRON’s journey throughout the year is a testament to its growing influence in the Web3 space. The past year has been a testament to the strength of TRON developers, users, and community members.
This content is sponsored by TRON and does not constitute an endorsement by Blockworks. This content has not been verified for accuracy and should not be relied upon as financial advice. We encourage readers to conduct their own research before making financial decisions.
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