Sun's long stay in the spotlight is more likely to be the result of undisguised attraction, and he rarely hides his extreme pursuits, extreme ambitions, and willingness to do anything to achieve his goals, which are often the real but dark paths to success, and these traits are often sought to hide by people who have achieved extraordinary success in their careers and money like him.
After Binance and Changpeng Zhao reached a settlement with US regulators for billions of dollars in sky-high fines, there is widespread speculation that the US regulatory storm will not end there.
A personal report on Tron founder Sun Yuchen appeared, and it was reported that this report did not interview Sun Yuchen himself, but through a large number of public materials and interviews with a number of anonymous industry figures, a large number of unilateral and unverifiable descriptions and analysis of his work and life.
In response to the re-attention and interpretation of Chinese **, Sun Yuchen, who has passed the year of establishment, responded on the X platform that compared with when he first started his business ten years ago, he is now "like water" for ** black manuscripts, and he no longer feels "unjust and unfair".
However, he also revealed one point: there is no other time to care about anything else, but it also confirms the fact of the "workaholic" in the ** report.
Since 2008, the blockchain and crypto industry has also gone through a whole generation, and now among the "old players" who are active in the industry, Sun Yuchen is a well-deserved first, which also explains why Hong Kong's web3 will be in 2023At the 0 carnival, although someone launched a prank against Sun Yuchen on social platforms, ** shouted "Brother Sun's seniors" to take a group photo.
Sun Yuchen is indeed controversial, but it is undeniable that after Changpeng Zhao retired, Sun Yuchen has become the most influential Chinese practitioner in the crypto circle.
1. Sun Yuchen: Seek a decentralized self.
After being reminded that someone had written another black manuscript to hack himself, Sun Yuchen said that he had no time to pay attention to anything else. For the blockchain and crypto industry, Justin Sun himself believes that he is burdened with great responsibility. This responsibility actually comes from two factors, internal and external, how to guide Huobi HTX to return to the top cryptocurrency exchange, and how to ensure that the 200 million users that TRON has just harvested continue to have access to silky blockchain services. The external factor is that the reckless era of the industry has passed, and 2023 will be a precipice for the industry, and there is no choice but to jump over. With the multi-pronged attack of the U.S. regulators, compliance has become the first thing that crypto companies and projects need to consider. At a critical moment for the industry, Huobi HTX, and TRON tron, it is not difficult to understand why he is so concerned about his personal speculation. Regarding this, Sun Yuchen joked, "I don't want my role to be too big", and it is best to be decentralized and "let everyone rest assured". Sun Yuchen in 2023 has become different from the past, he no longer shows people with the jumping image of the past, and he is more clear about his positioning and goals. He is still unsmiling, but in the first half of the year, he put forward his personal positioning: believers, evangelists and practitioners, to participate in the creation of an emerging financial order brought about by blockchain technology.
He believes that much of the criticism of him is monetary. This is not only the fact that money has become a common anxiety in modern society, but also the so-called "disorder" that he perceives. In a tweet, Mr. Sun wrote, "Money may be a possibility of freedom" and "like a part of order," but in the financial sector, disorder can have serious consequences.
Blockchain is a better financial order for human beings. Sun interprets it as a financial system that is accessible to all, has a low threshold, and is truly inclusive.
To achieve this goal, it is necessary to reassure regulators, satisfy users, and accept society, Sun said frankly that although TRON and Huobi HTX have achieved many functions and launched many products and services, there is still a lot of work to be done to achieve a fully decentralized and compliant future.
2. The crypto industry from the perspective of information cocoon.
On the other hand, blockchain and cryptocurrencies are heavily stigmatized on mass platforms, which further deepens the public's prejudice against the industry and Justin Sun. In fact, the value of blockchain and cryptocurrencies is not only widely recognized in developed countries such as Europe, the United States, Japan and South Korea, but also has become an important part of financial inclusion in some developing countries. Initially, the crypto industry was home to some crypto geeks and a niche industry that wasn't accepted by the mainstream. With the continuous development of crypto technology, the crypto industry has been adopted by many countries and some commercial institutions as an integral part of cutting-edge technology strategies and modern financial services.
At present, a number of Web2 business giants, including Visa, Tesla, Bny Mellon, Blackrock, etc., are embracing cryptocurrencies in the form of supporting payments, purchases and holdings. At the national level, there was El Salvador that adopted Bitcoin as the country's legal tender, and then the US state of Colorado accepted cryptocurrency as a payment method for taxes. This year, Japan's Kishida** has also formulated a web3 rejuvenation strategy, hoping to revive the Japanese economy through emerging industries. Many countries and regions, including Asia, Europe and the United States, are also exploring emerging policies that are friendly to the development of the crypto industry. In addition, the crypto asset field is having a positive impact on traditional finance, and a number of financial institutions represented by Grayscale, Ryder, Invesco and Wisdomtree are actively applying to the regulators for ETFs of mainstream crypto assets such as Bitcoin and Ethereum. Cryptocurrency ETF products are well recognized in many developed financial regions such as Hong Kong, the United States, Singapore, Japan and South Korea. Established financial institutions are focusing on mainstream cryptocurrency financial products, presumably seeing the huge potential of such products.
Even though the development of the crypto industry is thriving, many people's understanding of the crypto industry is still extremely biased and even prejudiced. The root of this phenomenon lies in the information cocoon of the crypto industry in self-selection and selective reporting, and this kind of information disclosure with partial generalizations is very easy to mislead the public. Some mainstream journalists even bluntly said that they will not report on the benefits of cryptocurrency prices** to investors, but only on currency prices and liquidations. Therefore, it is not difficult to understand that Sun Yuchen, as a representative industry figure in the crypto industry, has too deep a bond with the crypto industry itself, which further causes that when some "unknowing" people are prejudiced against the crypto industry and follow the trend, they will also jointly target Sun Yuchen and other industry figures, and produce a series of negative evaluations. However, on the bright side, with the victory of Grayscale in the lawsuit with the SEC and the series of favorable policies released in many regions, while promoting the recovery of the market industry, it is also injecting confidence into the development of the industry and promoting the development of the industry in a more mature direction, which helps the public to have a new understanding of the crypto industry. 
Recently, when a large number of fans was hyping up the liquidation caused by the fluctuation of cryptocurrencies, there was an interesting scene in the comment area, and many readers scolded the author for being blind, and more and more people have independent thinking about blockchain and cryptocurrencies, and are breaking through the information cocoon. In fact, Sun Yuchen himself has always maintained a relatively optimistic attitude, and has repeatedly expressed a positive and optimistic attitude towards the general trend of the industry in his speeches at industry summits, and his ** for the recovery of the industry has also been confirmed again. 3. Sun Yuchen: Stick to and cultivate Sun Yuchen's own views and the external environment may be subjective factors, but an unavoidable fact is that TRON founded by Sun Yuchen has survived 5 years in the iterative elimination of the extremely rapid and tragic blockchain industry, and it is still growing, with users all over the world. Since 2017, the crypto industry has erupted in several ** chain tides, from the beginning of the major public chains competing to advertise Ethereum in an attempt to become a public chain 2In the past two years, a number of innovators, including polkadot, cosmos, **alanche, etc., have tried to redefine the public chain, but with several rounds of bulls and bears, in the end, only TRON seems to remain strong and continue to be active in the industry. According to Defillama** data, TRON currently occupies the second place in the public chain in terms of asset staking, second only to Ethereum. At the end of 2020, Ethereum had a 96% share in this space, and so far, it has dropped to 5397%, of which the share of TRON TRON increased from 068% to 1893 %。
Source: Although TRON is inferior to Ethereum in terms of total funds, the transaction activity on the TRON chain is much better than that of Ethereum, and Nansen, a well-known blockchain data and research service provider, released a report showing that on October 22, the total transaction volume of TRON was 4.39 million, while the trading volume of Ethereum was 980,000. In addition, according to Tronscan's data, as of December 22, the total number of on-chain transactions on TRON exceeded 6.8 billion, the total number of unique addresses exceeded 200 million, and the TVL exceeded 20 billion US dollars, far exceeding the vast majority of on-chain ecosystems. An important factor in TRON being able to achieve such achievements is that in the early days of TRON TRON, Sun Yuchen was firmly optimistic about the development of the blockchain industry, and was able to clearly judge industry trends and make forward-looking decisions. In the early days of the development of the crypto industry, he believed that crypto innovation could bring new value to the Internet and financial industries, and the continuous progress of web2 business giants embracing cryptocurrencies, crypto ETFs and crypto payments, etc., all confirm his early judgment on the general trend. In the industry, Justin Sun can always grasp the early opportunities in the potential track and frontier fields, and build the TRON Tron ecosystem into a complete ecosystem including public chains, stablecoins, wallets, exchanges, DeFi, etc., through the layout, and continue to explore the metaverse, AI and other fields to stabilize the industry position in the long term. Justin Sun also said at the Milken Institute Asia Summit: "If the regulatory framework can be fully established, the crypto industry still has a lot of room for growth. There may only be around 100 million crypto users at the moment, but if regulation is clear, we can get 20-3 billion users in 3 to 5 years." In this direction, Justin Sun is also actively trying, such as promoting TRON to become a national blockchain infrastructure designated by Dominica, a Caribbean country, in-depth layout of the stablecoin field and RWA to connect with the traditional world in a new way, and maintaining close cooperation with various countries** and regulators, and is expected to take the lead in achieving the layout in policy-friendly regions, etc. Not long ago, international authorities such as Bloomberg, Yahoo Finance, the Associated Press, and the well-known French **Le Figaro** vied to report the news that Justin Sun won the title of "Crypto Entrepreneur of the Year" at the Blockchain Life 2023 Industry Summit in Dubai, and TRON won the "Best Layer 1 of the Year" award. Justin Sun and his TRON tron are gaining more and more mainstream recognition. In the short period of more than ten years of the development of the crypto industry, among the initial group of entrepreneurs in the industry, there are very few survivors who can continue to cultivate and are still active in the industry for a long time. Such Justin Sun and TRON Tron obviously cannot be simply summed up and described as "**crazy". **You can only cheat for a while, and you can't succeed for so long. Crazy may be lucky for a while, but it is impossible to survive for long. Sun's long stay in the spotlight is more likely to be the result of undisguised attraction, and he rarely hides his extreme pursuits, extreme ambitions, and willingness to do anything to achieve his goals, which are often the real but dark paths to success, and these traits are often sought to hide by people who have achieved extraordinary success in their careers and money like him. Perhaps for Sun Yuchen, the dividends and opportunities of the times are so huge, and success comes so quickly, he does not need to hide and hide his ambitions and paths.