Sun Yuchen delivered a keynote speech at TOKEN 2049 in Singapore: TRON is becoming a global financial and data infrastructure

Recently, at the globally influential blockchain event TOKEN2049, TRON founder Justin Sun delivered a keynote speech titled "The Evolution of TRON: From Blockchain to Global Infrastructure." In his speech, he elaborated on the latest developments of TRON in various aspects, including mainstream adoption, network development, ecosystem expansion, compliance and security, strategic partnerships, and decentralized governance, while also looking forward to TRON's future as a global public infrastructure. Justin Sun also revealed that the number of user accounts on the TRON platform has now reached 335 million, and it is expected to increase to 350 million by the end of this year.

At the beginning of his speech, Justin Sun expressed his excitement about returning to TOKEN2049. He reminisced about his experiences in Singapore over the past few days, stating that the entire industry has made significant progress in recent months, whether through the emergence of new projects or internal communication and dialogue, all of which indicate that the crypto industry has taken a solid step forward.

Mainstream Recognition and Ecosystem Expansion

In the core part of his speech, Justin Sun first reviewed a series of milestone events regarding TRON's mainstream adoption. As early as 2021, TRX became one of the first major cryptocurrencies to be listed as an exchange-traded note (ETN) in the EU through VanEck. This year, two ETF applications related to TRON have emerged in the U.S. market, including a spot ETF for staking TRX and a leveraged TRX product.

Although these products are still under review, they indicate that TRON has gained increasing recognition in the capital markets. Meanwhile, Nasdaq-listed TRON Inc. launched the TRX treasury reserve strategy, recording a trading volume of $1.8 billion on its first day, showcasing the growing interest of U.S. institutions in TRON. Additionally, last month, the U.S. Department of Commerce chose the TRON blockchain as one of the primary networks for releasing official economic data, marking the first time GDP data has been published on a public blockchain, signifying the unprecedented role of public blockchains in global data sharing and financial transparency.

When introducing the overall situation of the TRON network, Justin Sun pointed out that the TRON blockchain currently hosts over 335 million user accounts, with a total value locked (TVL) exceeding $27 billion, processing approximately 9 million transactions daily, and having over 2.9 million daily active accounts. In the past two quarters, TRON generated nearly $1 billion in quarterly revenue, setting a new historical record.

In August of this year, the TRON community governance approved a proposal that reduced energy consumption costs by 60%, marking the largest fee adjustment since the network's inception. Although protocol revenue will decrease in the short term due to the fee reduction, this move is expected to attract more users and transactions in the long run, thereby driving further growth in protocol revenue.

In terms of ecosystem development, Justin Sun highlighted the SunPerp DEX and stablecoin business. As the first decentralized perpetual contract trading platform in the TRON ecosystem, SunPerp addresses the performance and transparency challenges of decentralized trading through deep liquidity, fast matching, zero gas fees, and on-chain transparent settlement, pushing DeFi derivatives trading into a new phase.

At the same time, the development of stablecoins has brought strong momentum to TRON. Currently, the total supply of USDD on TRON exceeds $474 million, with a total value locked exceeding $520 million; in terms of USDT usage, TRON has become one of the world's leading blockchain networks, with a circulation of over $75 billion in USDT, and both daily active users and transaction volumes ranking first globally.

Compliance, Security, and Future Outlook

To further enhance compliance and security, TRON, along with Tether and TRM Labs, jointly established the T3 Financial Crime Unit (T3 FCU) a year ago and launched the T3+ global cooperation program in August this year, aimed at combating illegal activities on the blockchain through public-private partnerships. Binance has become the first official member of T3+. In less than a year, T3 has frozen over $250 million in illegal assets globally, including nearly $6 million frozen during the first joint operation with Binance.

In terms of strategic partnerships, TRON continues to promote cross-chain interoperability and the implementation of Web3 applications. The xStocks initiative, launched in collaboration with Kraken and Backed, has advanced the development of tokenized stocks; MetaMask has natively integrated TRON, enabling tens of millions of users to directly use the TRON ecosystem; integration with deBridge has achieved instant interoperability with 25 blockchains (including Solana, Avalanche, Sei, etc.); collaboration with Chainlink has further enhanced the security and reliability of DeFi infrastructure; and the partnership with NEAR has made cross-chain exchange experiences smoother, facilitating seamless use of cross-chain features for users and developers.

When discussing governance, Justin Sun emphasized TRON's Super Representative (SR) system. Any individual or institution holding at least 9,999 TRX can apply to become a candidate. Currently, TRON's Super Representative network includes top global institutions such as Google Cloud, Binance, Kraken, OKX, Nansen, Luganodes, Kiln, and Abra, reflecting the high level of trust institutions have in TRON's governance model and infrastructure, further solidifying TRON's position as a global blockchain infrastructure.

At the end of his speech, Justin Sun looked forward to TRON's future and emphasized that TRON will continue to increase support for universities and talent development. In recent years, TRON has collaborated with world-class institutions such as Cornell University, Dartmouth College, Harvard University, and Princeton University to promote students in developing real-world solutions in the fields of blockchain and decentralized finance. He stated that the future development of the industry will be driven by the creativity and dedication of a new generation of builders, and TRON will continue to provide them with knowledge, resources, and opportunities to support their growth and exploration in the industry.