Justin Sun – See the Reality https://www.seethereality.com Official Crypto News Website Wed, 12 Jul 2023 09:54:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://www.seethereality.com/wp-content/uploads/2023/03/cropped-onlinelogomaker-032123-0229-2177-32x32.png Justin Sun – See the Reality https://www.seethereality.com 32 32 Tron-based stUSDT secures #1 spot in DefiLlama’s RWA TVL rankings https://www.seethereality.com/?p=36720 https://www.seethereality.com/?p=36720#respond Wed, 12 Jul 2023 09:54:12 +0000 https://www.seethereality.com/?p=36720
Blockchain information
  • Second place was secured by Ondo Finance with 132.79 million. USD TVL.
  • Justin Solar expressed his pleasure at stUSDT’s rise within the DefiLlama RWA TVL rankings.

Utilizing the decentralized platform JustLend, the TRON ecosystem not too long ago welcomed its first Actual World Asset (RWA) product: stUSDT. Justin Solar, creator of TRON and a member of Huobi’s international advisory board, predicted that stUSDT would turn into the cryptocurrency equal of Alipay’s Yu’e Bao, a cash market fund service powered by Alibaba.

Solar believes this can assist mainstream markets combine into blockchain ecosystems and provides cryptocurrency customers extra freedom of alternative.

Engaging buyers

To additional facilitate the introduction of latest customers to RWA TRON. The stUSDT platform will run a congratulatory marketing campaign from 2023. July 10 till August 10 APY enhance to 10% (from typical 5%). From July 3 till August 10 customers also can reap the benefits of decreased stUSDT redemption prices.

Since its launch, the TRON-based RWA product stUSDT has generated a whole lot of buzz as a consequence of its large international consumer base and $50 billion stablecoin market.

Justin Solar not too long ago expressed his delight at stUSDT’s rise to the highest of the DefiLlama RWA TVL rankings. DeFi TVL is powered by DefiLlama. Presently, stUSDT’s TVL is 163.76 million. USD. Second place was secured by Ondo Finance with 132.79 million. USD TVL.

To be able to sustain with different crypto market leaders. The Tron (TRX) workforce has been fairly busy over the previous few years. As well as, through the week from July 1 to 7 Tron has reached a number of milestones as reported by the @Trondao Twitter account.

The fifth season of the Tron Grand Hackathon kicked off on July 6, marking probably the most vital occasions of the previous week.

Cryptocurrencies highlighted right now:

Breaking information: 20 million MATIC moved from Polygon Staking to Unknown Pockets.

Imran

A graduate with a ardour for digital foreign money and a penchant for writing. He loves the idea of cryptocurrencies and retains himself updated with the most recent developments and information within the crypto world.

]]> https://www.seethereality.com/?feed=rss2&p=36720 0 Beijing’s Web3 adoption parallels Hong Kong’s Web3 innovation https://www.seethereality.com/?p=25732 https://www.seethereality.com/?p=25732#respond Sun, 28 May 2023 09:30:30 +0000 https://www.seethereality.com/?p=25732
  • Jusin Solar commented that Beijibg’s software to Web3 reveals that the town acknowledges the potential of this know-how.
  • Beijing lately launched a white paper asserting the town’s intention to develop the capabilities of Web3 know-how.
  • Solar in contrast Beijing’s dedication to Web3 to the much-anticipated adoption of Web3 in Hong Kong.

Justin Solar commented on China’s dedication to embracing Web3 know-how, saying it reveals the town acknowledges and embraces “the transformative potential of decentralized programs and blockchain-based options.”

In a current tweet, Solar shared his admiration for China’s adoption of Internet 3.0:

Not too long ago, China’s capital Beijing launched the “Web3 Innovation and Growth White Paper (2023)” to use and develop the capabilities of Web3 know-how in Beijing. Notably, the white paper acknowledged Internet 3 know-how as “an inevitable development sooner or later improvement of the Web trade.”

In line with the report, the fee till 2025 deliberate to allocate a minimum of 100 million yuan, i.e. 14 million USD; this quantity is invested in embedding the Chinese language capital into the broad digital economic system. The white paper highlighted the town’s enthusiasm for selling the expansion of the Web3 area by improved insurance policies and technological developments.

Solar shed some gentle on upcoming occasions in Hong Kong, saying:

It is actually fascinating to see the current deal with Internet 3.0 by the Beijing authorities, particularly with the upcoming June 1 occasions in Hong Kong.

In an earlier tweet, Solar made an identical remark about Hong Kong’s dedication to Web3 know-how, praising the town’s long-term imaginative and prescient. His current tweet was in response to a in a tweet shared by Changpeng Zhao (CZ), CEO of cryptocurrency change Binance, by which the latter stated the Beijing white paper comes at an “thrilling time” given the long-awaited enlargement of Hong Kong, which is anticipated to happen in June.

]]> https://www.seethereality.com/?feed=rss2&p=25732 0 Tron data 90.04 million. USD income in 2023 within the first quarter regardless of the SEC outage https://www.seethereality.com/?p=22206 https://www.seethereality.com/?p=22206#respond Mon, 15 May 2023 11:55:19 +0000 https://www.seethereality.com/?p=22206
Blockchain information
  • in 2023 within the first quarter, its complete 90.04 million USD income for the quarter was up 88% in comparison with 2022. IV quarter.
  • Whole TRX quantity elevated by 197% throughout the quarter.

Market intelligence group Messari revealed a research exhibiting that using the Tron blockchain in 2023 elevated within the first quarter. The whole worth of its native cryptocurrency, TRX, elevated by greater than 20 p.c throughout the quarter.

Regardless of the SEC asserting quite a few lawsuits in opposition to cash within the Tron ecosystem, the community’s operations have largely continued. in 2023 within the first quarter, its complete 90.04 million USD income for the quarter grew 88% in comparison with 2022. Whole gross sales of the IV quarter – 47.96 million. USD.

Throughout the three months underneath assessment, the common variety of each day transactions elevated by 7.7 p.c and reached nearly 7 million. Messari speculated that the rise was partly resulting from elevated betting exercise throughout the community.

Enhance in transaction charges

Though inventory trades solely accounted for about 3% of all TRX trades, their complete quantity elevated by 197% throughout the quarter. In response to the Tron-commissioned State of Tron report, 88% of all community transactions contain sensible contract triggers or TRX transfers.

The USDT sensible contract continued to be the primary driver of contract execution on TRON, regardless of comparatively equal exercise for each sorts of transactions within the first quarter. Transaction charges additionally elevated within the first quarter. In response to the info, the common transaction payment in TRX and USD elevated by 59.2 and 80.2 p.c, respectively.

An essential issue within the determination to extend transaction prices was the committee’s proposal no. 79, which was authorised final quarter. The proposed change merely elevated the quantity of vitality required to execute sensible contracts and adjusted the traits of the primary community.

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