Justin Sun, the founder of Tron (TRX), recently predicted that his blockchain network could surpass Solana (SOL) within two years.
Justin Sun, the founder of Tron (TRX), has made a bold prediction, stating that his blockchain network could surpass Solana (SOL) in the next two years. In an interview with Altcoin Daily, Sun expressed confidence that Tron would be ranked among the top three cryptocurrencies due to its strong stablecoin and meme coin fundamentals.
According to Sun, Tron’s dominance in the stablecoin sector is evident from the vast supply on the network. Tron outperforms its competitors, including Solana, with a stablecoin supply of $60 billion, compared to Solana’s $1 billion. This liquidity advantage, as highlighted by Sun, has made Tron more appealing to traders of meme coins. He claims that projects are migrating to Tron because of its better liquidity and trading volume, particularly for meme coins.
The platform’s success in this domain has been rapid, with Tron-based meme coins outpacing their rivals in terms of active users and revenue. Tron’s launch of another batch of meme coins has seen the new tokens generate significant traction within weeks, positioning Tron at the forefront of these emerging sectors.
Expanding Use Cases and Global Reach
Justin Sun further outlined a plan for Tron’s growth, focusing on two key aspects: stablecoin adoption in emerging economies and enhancing global payment solutions. Sun’s vision includes seeing Tron reach at least one billion users in the next two years, with a greater emphasis on underdeveloped Asian markets.
Through the trading of stablecoins and meme coins, which leverages the platform’s versatility and efficiency, Sun aims to propel Tron’s growth further.
Sun compared Android to Tron, stating that the network can be utilized effectively in decentralized applications because of its high flexibility. He claims that Tron has some advantages over Ethereum, including speed, cost, and protection against miner extractable value (MEV) attacks. Tron’s adaptability will attract many people because it is very useful and important in the blockchain industry and will continue to attract many developers and users.
Sun acknowledged concerns regarding centralization in the Tron network. He explained that the platform had stopped working with the community nodes in 2020, and currently, most of the main validators are controlled by large organizations, such as Binance, OKX, and Tether. Sun reiterated that he does not own much of Tron and that its control now follows a decentralized approach.
Tron’s Market Position Strengthens as User Growth Accelerates
Tron currently ranks 10th by market capitalization, or 7th when excluding stablecoins, with a market cap of around $13 billion. Recent data indicates substantial user growth on the Tron network, supporting Sun’s bullish outlook.
According to Messari, Tron’s active addresses have surged by 32%, increasing from 1.61 million to 2.12 million. The network transaction count has also seen a massive uptick, with weekly transactions rising from their lowest point at the beginning of the year in February at 66.61 million to reach 107.06 million by mid-September.
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