TRON DAO recently participated as a Gold Sponsor at the Binance Blockchain Week 2024 event in Dubai, showcasing its position as a prominent player in the digital payments sector. The event, which took place from October 30 to 31, 2024, brought together industry leaders to delve into the evolving landscape of blockchain technology and its influence on the global economy.
During the event, Justin Sun, the founder of TRON, engaged in a Binance Live Session titled “Binance Blockchain Week Dubai 2024: The Road to Dubai”, where he discussed the latest advancements within the TRON ecosystem. Among the highlights were TRON’s protocol revenue reaching an all-time high, the introduction of a gas-free stablecoin solution, the development of a BTC L2 on the TRON network, and the launch of the T3 Financial Crime Unit in partnership with Tether and TRM Labs.
Representing TRON DAO, Sam Elfarra, served as a Community Spokesperson in a panel discussion focused on “Building the Backbone of Digital Payments & Stablecoins.” The panel explored the transformative role of blockchain technology in digital finance and emphasized how platforms like TRON support stablecoin activities while bolstering the global digital payment infrastructure.
Sam Elfarra highlighted the significance of blockchain technology in emerging markets, pointing out that TRON’s network currently hosts 35% of the global stablecoin market. This places TRON in a pivotal position to provide essential digital infrastructure worldwide, empowering consumers, businesses, and developers through stablecoins.
The conference culminated with TRON DAO and Binance co-sponsoring the Official BBW After Party during Halloween, where industry professionals, developers, and leaders gathered to share insights and engage in discussions aimed at advancing blockchain technology and exploring its potential to revolutionize industries and drive transformative solutions.
TRON DAO, founded in September 2017 by Justin Sun, is a community-governed entity dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps). Since its MainNet launch in May 2018, the TRON network has achieved significant milestones, with over 268 million total user accounts, more than 8.8 billion total transactions, and over $15 billion in total value locked (TVL) as of October 2024.
Additionally, TRON is home to the largest circulating supply of USD Tether (USDT) stablecoin globally, surpassing USDT on Ethereum since April 2021. The network completed full decentralization in December 2021 and is now a community-governed DAO. Notably, in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, marking the first instance of a major public blockchain partnering with a sovereign nation to develop its national blockchain infrastructure.
In conclusion, TRON’s participation as a Gold Sponsor at the Binance Blockchain Week in Dubai underscores its pivotal role in the digital payments sector and its commitment to driving innovation and decentralization within the blockchain ecosystem. With a strong focus on empowering users and fostering global connectivity, TRON continues to be a key player in shaping the future of blockchain technology.
