TRON 2023: Key developments and collaborative milestones

Strategic collaborations have been at the forefront of TRON’s achievements

article-image

TRON

share

TRON achieved a series of developments and collaborations that have enhanced its position in the Web3 space. The following are highlights from the year 2023.

Network growth and stablecoin dominance

The TRON network has seen proper growth, with a 54% increase in accounts, now exceeding 204 million. The total transaction volume reached over $10 trillion, and Total Value Locked (TVL) achieved a global ranking of second, reaching $8.14 billion, according to DefiLlama. The ascent of TRON-based stablecoins—such as USDT, TUSD, USDC, USDD, and USDJ—have amounted to $50 billion in value, and has helped grow the DeFi landscape.

Significant 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, as part of the Dominica Metaverse program endorsed by the Dominica government. Additionally, TRON joined the Japan Cryptoasset Business Association (JCBA) representing its commitment to further exploring the Japanese market. Furthermore, integrations with Google Cloud’s BigQuery and Huawei’s Web 3.0 Node Engine Service have expanded TRON’s network capabilities.

HackaTRON and TRON builder tour

Starting with HackaTRON Season 4, in collaboration with HTX, it engaged over 625 participants and 172 projects, resulting in 30 judge-voted and 30 community-voted winners across DeFi, Web3, NFT, GameFi, Builder, and Eco-Friendly tracks. Season 5, in collaboration with BitTorrent Chain (BTTC) and HTX, attracted over 3,500 participants and more than 2,000 projects. This season witnessed 25 judge-voted qualifiers and 25 community-voted winners in Web3, DeFi, Artistry, Builder, and AI tracks. 2023 HackaTRON S4 and S5 boasted a substantial prize pool of up to $1,000,000* in total.

Alongside, the TRON Builder Tour (TBT) was hosted in various stops, such as Stanford, Princeton, New York City, Los Angeles, Miami, and Barcelona. Notably, the Princeton stop had nearly 100 participants and a prize pool of up to $8,000*. In each city, the tour united blockchain enthusiasts, developers, and students, fostering a learning and networking environment. Note: All prizes were issued in USDD, not USD, restrictions applied.

Ecosystem initiatives

Another major milestone reached in the year 2023 by TRON was the inauguration of the $100 million AI Development Fund, showcasing TRON’s initiative to blend artificial intelligence with blockchain technology. Another initiative created was the TRON Climate Initiative which further underscored TRON’s commitment to sustainability.

Event participation 

TRON participated in events like Consensus 2023, Token2049 and Binance Blockchain Week. TRON achieved the “Best Layer 1 of the Year” award during the Blockchain Life 2023 event in Dubai, a nod to their robust infrastructure.

As 2023 comes to a close, TRON’s journey through the year stands as a testament to its growing influence in the Web3 space. The past year has stood as a testament to the strength of TRON developers, users, and community members.

This content is sponsored by TRON and does not serve as an endorsement by Blockworks. The veracity of this content has not been verified and should not serve as financial advice. We encourage readers to conduct their own research before making financial decisions.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2023

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research Report Cover Vertex.jpg

Research

The proliferation of new perp DEXs has led to fragmented liquidity across various DEXs and chains. Vertex, known for its vertically-integrated DEX that includes spot, perpetual, and integrated money markets, is now tackling cross-chain liquidity fragmentation through horizontal integration with the launch of new Edge instances. Vertex's integrated offerings and cross-margined account structure amplify the benefits of new instances: native cross-chain spot trading, optimized cross-chain basis trading, consistent interest rates, reduced bridging friction, and more.

article-image

Partnering with EtherFi and Angle, the fully on-chain perp DEX features bespoke collateral

article-image

Sponsored

Gavin Wood introduced the next evolutionary step for the Polkadot network: the Join-Accumulate Machine, or JAM

article-image

The side events were the places to be at Consensus 2024, according to attendees

article-image

Also, who’s come out swinging in the spot ether ETF fee war — and who could undercut them

article-image

I know it is not in their nature, but US regulators could learn a lot by researching the digital asset frameworks that overseas regulators have already gotten right

article-image

Also, the ETF hype train can count out at least one member