Tron founder Justin Sun announced a significant achievement for the blockchain platform in a recent statement.
According to Sun, Tron made $205 million in revenue in October, the second-highest monthly revenue in its history. The highest revenue recorded was $220 million in August. Sun expressed optimism about the platform’s continued success, driven by growth in the decentralized finance (DeFi), memecoin, and NFT sectors. “With continued growth in the DeFi, Meme, and NFT sectors, I believe TRON’s monthly revenue will remain above $200 million,” he said.
Looking ahead, Sun noted that Tron’s stablecoin USDD is a top priority for the end of the current quarter. He noted that recent changes in the stablecoin landscape, such as Dai’s transition to USDS and the move away from a decentralized model, have created an opportunity for USDD to step in as a decentralized alternative. “USDD aims to fill that gap as a decentralized stablecoin,” Sun said.
Sun also announced that an upgrade to the USDD smart contract system is planned by the end of the year. This upgrade will include new functions aimed at strengthening decentralization and increasing its appeal as a reliable stablecoin option for users.
Sun emphasized Tron’s commitment to collaboration and ecosystem growth. The platform will continue its partnership with Chainlink, a leading decentralized oracle network, while also engaging with DeFi developers and major platforms like Aave. He noted that these efforts are aimed at increasing the functionality and adoption of USDD in the DeFi environment.
*This is not investment advice.
