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  This is the 2072nd original issue of Vernacular Blockchain Author|Bob Produced | Vernacular Blockchain (ID: hellobtc) [The full text has a total of 3240 words, and it takes 9 minutes to read] In 2017, the blockchain industry once launched a "hundred-team war" for new public chains, but a popular saying at that time was: "Everyone except Bitcoin is a copycat." What is unexpected is that eight years later, TRON (TRX) has not only continued to grow along with the industry wave, but has also consistently ranked among the top ten global crypto assets in terms of market value for a long time, and has taken a leading position in the fields of payment and stablecoins. On the occasion of its eighth anniversary, TRON has welcomed its first logo refresh since its establishment, comprehensively upgraded its brand image, and announced its move into a new stage of "global payment and financial infrastructure" with a more robust, easy-to-read, and credible visual language. We might as well take this opportunity to review the eight-year development history of TRON and witness the rise of the power of the Chinese public chain.……  01 TRON’s first eight years: a microcosm of industry development It is said that a day in the encryption field is a year in the world. In the eight years from 2017 to 2025, the encryption field has experienced earth-shaking changes. In particular, public chain infrastructure like TRON has not only continued to grow and develop ecologically, but has also broken through technical bottlenecks one after another, from 0 to 1, and from 1 to 100. It can be said that the first eight years of TRON are the epitome of industry development.  2020-2025 TRON account growth chart source: TRONSCAN
If someone asks what projects participated in the "New Public Chain Hundred Regiments War" that year? Most people remember only a handful of them, because most of the new public chains have disappeared from people's sight, and only a small number of new public chains have continued to develop. Now TRON is the best developed among these new public chains that year. In July 2017, the TRON Foundation was officially established, marking the beginning of TRON. This timing happened to be sandwiched between the boom of Ethereum and the emergence of EOS as a dark horse, so the pressure was not small. By the end of May 2018, TRON launched its mainnet Odyssey 2.0 version ahead of new public chains such as EOS. This was a technical milestone for TRON. Although it was a difficult start, it did not seem to hinder its progress. When Justin Sun founded TRON, he aimed to make it the most important blockchain infrastructure and open it to all users around the world in the form of a decentralized ecosystem.
In 2018, due to performance limitations such as congestion, high fees and low speed on the Bitcoin and Ethereum chains, a large number of blockchain concepts could not be implemented. At that time, discussions in the encryption field around the issue of blockchain speed-up and expansion were extremely intense. After the TRON mainnet was launched, the EOS mainnet, the current star high-performance public chain, was also launched under the eyes of "much anticipated". Although EOS's performance has been greatly improved, the user experience is disappointing. Due to the complicated process, many people find it difficult to even set up a wallet. In the context of Ethereum’s high fees and low speed, and the high threshold for EOS users, TRON has grasped the key points very well, not only bringing the high performance and low fees of DPoS, but also providing a user experience as simple as Ethereum. This solution design route is still a relatively advanced concept even now.
In March 2019, Tether cooperated with TRON to issue a USDT stablecoin based on TRC-20. This was the very beginning of TRON’s stablecoin strategy. Tether, the leading stablecoin, and TRON are now so closely related, perhaps because of the very early cooperation that established the foundation for long-term cooperation. At that time, not many people knew about the DeFi concept. TRON once again achieved very early stablecoin application implementation through the technical solution advantages of its own infrastructure. Perhaps not many people could realize at the time that stablecoins would become the "responsible" for the implementation of crypto assets and blockchain technology in a few years. Subsequently, TRON launched handling fee subsidy activities with major platforms. Since then, stablecoin payments on the blockchain network, which have expensive handling fees and slow arrival times, have been completely changed. This initial "chess move" laid the foundation for the TRON ecosystem today. Driven by Justin Sun's persistence, TRON's stablecoin strategy launched technology and compliance innovations such as free gas fees, enhanced compliance, and the establishment of financial crime prevention and control mechanisms. It also cooperated with Tether, TRM Labs, etc. to strengthen the security of assets on the chain. The issuance and liquidation volume of TRC20-USDT has long been at the forefront of the world. As of September 2025, the issuance volume of TRC20-USDT exceeded 78.6 billion, and the number of held accounts was nearly 68.49 million, a record high. The cumulative number of transfers exceeded 2.794 billion, accounting for nearly 50% of the world. Looking back, I have to admire the foresight of its stablecoin strategy.
In April 2020, TRON's first decentralized stablecoin lending platform JUST was officially launched. This event marked that the TRON ecosystem was officially flexing its muscles in the DeFi summer at that time. TRON's DeFi road has made its ecological applications more complete and formed a sustainable development situation. During that period, Justin Sun actively led TRON to comprehensively deploy DeFi, NFT, GameFi, Metaverse and other directions, forming thousands of DApps and rich service scenarios. During times of DeFi crisis such as Curve, he and his team served as "firefighting captains" and actually participated in the rescue, strengthening their actual contribution to the stability and development of the industry. From 2019 to 2022, TRON took advantage of low fees and high processing speed (more than 2,000 TPS) to attract remittance and international payment users, becoming one of the most important DeFi infrastructures.
With the technical solutions laid earlier and the foundation for the implementation of ecological applications such as BTT and stablecoins, as well as the blessing of track ecology such as DeFi, the TRON ecosystem has fully "bloomed". As of the time of publication, from Tronscan The data provided by the browser can be seen: the total number of accounts on the TRON network has exceeded 330 million, the total TVL is nearly 30 billion US dollars, the number of tens of billions of transactions, and the total transfer amount of 20 trillion levels. In the past 24 hours, the number of transfers has reached 90 million, and the amount has reached 25 billion US dollars.  TRON on-chain data source: Tronscan In recent years, TRON has focused on continuing to expand its capacity to increase throughput (>2000 TPS), lower costs, promote the Web3 ecosystem, integrate AI and decentralized storage, and further enhance TRON's competitiveness. At present, the TRON ecosystem is in full bloom. DeFi (including stablecoin payment), NFT, decentralized storage, GameFi, Meme, AI+Web3, cross-chain interoperability and other tracks are among the best among major public chains. At the beginning of this year, CryptoRank released "TRON H2 2024: Dominate the Stablecoin Ecosystem while Opening Up New Horizons", which spoke highly of TRON's performance in the second half of 2024. The report pointed out that TRON is the most cost-effective L1 blockchain. With nearly 400 million active addresses, TRON has become one of the three most active blockchains in the second half of 2024.  Top 10 number of interactive addresses for public chain stablecoins in the second half of 2024 First half of 2025: TRON on-chain activity grew strongly, with Q2 transaction volume exceeding 784 million； USDT supply increases 41% to 81.2 billion ； Integrate AEON Pay, Chainlink, MoonPay and other platforms ； Added new super representatives such as Kraken ； The market value of TRX increased by 33.8%. Justin Sun once proposed a vision for TRON that "the essence of blockchain lies in decentralization. It should break financial barriers and allow technological dividends to benefit the world." This vision also runs through the development process of TRON. TRON’s achievements today are due not only to the guidance of the foundation and the cohesion of the community, but also to Justin Sun’s efforts over the years - he personally participated in industry conferences, actively promoted Web3, and promoted the application of TRON in emerging markets such as Asia and Africa. 02 Towards a “Global Payments and Financial Infrastructure” As of September 2025, the total market value of global stablecoins has exceeded US$280 billion, and the transaction volume has reached US$33 trillion, nearly three times the transaction volume of Visa. Today, as the popularity of stablecoins continues to heat up, TRON has long become a leader in the fields of payment and stablecoins. Through real application drivers as a background, TRC-20 leads the world in transfer volume and activity, becoming an important network for cross-border payments and stablecoin circulation. Today, it has handed over a satisfactory "report". The following chart comes from Visa Onchain Analytics. The data shows that between 2019 and 2025, TRON's stablecoin supply grew rapidly and once occupied the leading share. The total stablecoin market supply segmented by blockchain has always been significantly ahead of popular public chains such as Solana and Avalanche.  2019-2025 Stablecoin Supply by Blockchain Source: Visa Onchain Analytics Goldman Sachs (Goldman Sachs) calls 2025 the "Summer of Stablecoins", and BlackRock has regarded stablecoins as "a core force (mega force) in future finance" in its multiple market reviews, emphasizing its rise as a digital payment infrastructure. Reports and analyzes by Standard Chartered and McKinsey all predict that driven by the Genius Act and regulatory clarity, the supply of stablecoins may increase to US$2 trillion in 2028. As we all know, the future potential of stablecoins is extremely high, and countless large institutions have begun to gear up. TRON has been "de facto standardized" in the field of stablecoins. As a player that entered the ultra-early layout in 2019, it is constantly strengthening its "moat" and is expected to increase its layout for cross-border payment/institutional cooperation in the future. Recently, TRON has undergone a brand upgrade on its eighth anniversary: not only is it a refreshed image, but it also represents TRON's strategic upgrade from "leading public chain" to "global payment and financial infrastructure". Become the underlying infrastructure for global blockchain payments and promote blockchain to mainstream and large-scale applications. 03 summary From starting out as a young public chain to growing into the world's leading decentralized network, TRON has officially ushered in an important moment of brand upgrade. Driven by Justin Sun's strategic vision, technological innovation, compliance exploration and industry influence, TRON has become one of the core networks with "financial infrastructure" significance in the blockchain and encryption industry. In the wave of new financial changes, TRON, with its complete ecosystem and solid foundation, is expected to grow into the "blockchain version of Visa+SWIFT". END Previous article: Crypto industry "coming of age": SEC opens the floodgates, Wall Street's "ETP feast" officially begins Recommended reading Base currency issuance: a long-planned encryption "conspiracy"” Wall Street's "smart money" is betting heavily on Solana: a comprehensive layout from ARK to corporate treasury The crypto community lost its most powerful “cargo king” as Trump ally Charlie Kirk was assassinated on campus USDD 2.0 is officially deployed to Ethereum, and the stablecoin "dark horse" is spreading millions of incentives Giant whales are quietly building positions, but retail investors are still waiting to see: Is altcoin about to explode? 『Statement: This article is the independent opinion of the author and does not represent the position of vernacular blockchain. This content is only for popular science learning and communication among crypto enthusiasts. It does not constitute investment opinions or suggestions. Please treat it rationally, establish correct concepts, and improve risk awareness. The copyright and final interpretation rights of the article belong to Vernacular Blockchain. 』 If you like it, please click "Looking"👇 |
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