Justin Sun s recent performance has been recognized by many well known research institutions

Mondo Finance Updated on 2024-02-19

Those who are familiar with the blockchain and crypto industry know that in the past year or so, Justin Sun and his TRON TRON have made great progress in many fields of blockchain, becoming one of the fastest-growing blockchain public chains in the world, attracting the attention of many well-known research institutions in the blockchain industry.

Recently, according to the international authority **benzinga, the Associated Press, etc., thanks to the outstanding performance of a number of core data, the TRON tron founded by Sun Yuchen has been concerned by industry research institutions Messari and Reflexivity Research, and the two institutions have successively released a detailed analysis report on the TRON founded by Sun Yuchen, focusing on the original delegated proof-of-stake (DPOS) mechanism of Sun Yuchen's TRON tron, TRON TRON's Virtual Machine (TVM) and TRON features high speed, low transaction fees, security, reliability, and scalability.

In the recent annual report "Crypto Thesis 2024" released by research institute Messari, TRON is particularly highlighted as an important influence in the current cryptocurrency payment space. Messari believes that due to the founder Justin Sun's consistent emphasis on stablecoins, TRON has become one of the most important payment networks in the world over the years. Among them, in particular, the popularity of TRON USDT around the world, especially in developing countries, has strengthened TRON as the world's largest USDT issuance network. Shortly after the release of Crypto Thesis 2024, Messari released the TRON 2023 Q4 report. In the report, Messari focused on the continued growth and market share of USDT on Justin Sun's TRON blockchain. According to the data in the report, in the fourth quarter of last year, the USDT on the TRON blockchain increased by 11%, making 54% of the total circulating demand stored on TRON TRON, reflecting the recognition of TRON by users around the world.

According to data from the research institute Defillama, USDT, as one of the world's most important stablecoins, currently accounts for 94% of the market value of the TRON stablecoin on Justin Sun's TRON blockchain and nearly 71% of the market value of the entire stablecoin. Through these two data, everyone is more convinced that in 2024 and for a long time to come, Justin Sun and his TRON will have good growth prospects in the stablecoin field.

In addition, Reflexivity Research, a well-known research organization, in its report, highlighted** the recent performance of active accounts (i.e., those accounts involved in transfer activities, such as wallet accounts, contract accounts, etc.) on the TRON network. According to the latest data from Reflexivity Research, Justin Sun's TRON has an average of 1.9 million daily active accounts, which is a leading position in the Layer 1 blockchain space.

From the reports of these research institutions on Justin Sun's TRON TRON it is not difficult to find that the global influence of TRON TRON is constantly improving, and its huge potential is being realized, in short: the future is promising!

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