4 months ago
10 ARTICLE AD
Geneva, Switzerland, May 28, 2024 – The TRON DAO has officially announced LayerZero support for the TRON blockchain, making TRON the second non-EVM chain to be integrated into LayerZero’s cross-chain interoperability protocol. This significant development allows TRON ecosystem developers to seamlessly expand their applications to over 70 other networks supported by LayerZero.
LayerZero is a cutting-edge interoperability protocol designed to facilitate seamless interactions between different blockchain networks. With LayerZero’s integration, TRON developers can now effortlessly deploy their decentralized applications (dApps) across multiple blockchain platforms, enhancing interoperability and accessibility. This capability also enables developers on other LayerZero-supported networks to bring their applications to the TRON mainnet.
TRON is a leading public blockchain with one of the most active user bases. Showcasing nearly 1.8 million daily active users and around a 50% market share of USDT, the most utilized stablecoin across the globe, according to DeFiLlama. With this new collaboration, the TRON DAO continues to advance blockchain interoperability, providing developers with the tools necessary to innovate and expand their reach, driving the adoption of decentralized technologies.
Dave Uhryniak, Ecosystem Development Leader at TRON DAO, expressed enthusiasm about the integration:
“Integrating LayerZero into the TRON ecosystem marks a significant milestone in our mission to enhance blockchain interoperability. This integration provides our developers with unprecedented opportunities to expand their applications across multiple networks, fostering greater innovation and growth.”
Simon Baksys, VP of Business Development at LayerZero added, “We are excited to support the TRON blockchain, broadening the horizons for developers across all LayerZero-supported networks. This integration will unlock new opportunities and facilitate seamless cross-chain interactions, driving the future of decentralized applications.”
This collaboration between LayerZero and TRON not only underscores the importance of cross-chain interoperability but also paves the way for a more connected and versatile blockchain ecosystem. By enabling seamless communication and interaction between diverse blockchain networks, this integration is set to drive the next wave of decentralized innovation and adoption, creating a more inclusive and efficient digital economy.
a
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of May 2024, it has over 230.22 million total user accounts on the blockchain, more than 7.64 billion total transactions, and over $22.12 billion in total value locked (TVL), as reported on TRONSCAN.
In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.
TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum
Media Contact
Hayward Wong
[email protected]
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
