Tron founder Justin Solar believes the blockchain’s income might soar to $4 billion inside the subsequent yr if its present meme technique proves profitable.
In an Aug. 21 publish on X, Solar projected that TRON’s complete income would possibly hit $3 billion over the subsequent 12 months, with $1 billion burned and $2 billion distributed as rewards to stakers and for transaction subsidies. He added that income might rise to $4 billion if the meme technique succeeds.
Notably, Solar reported that the community’s each day income reached an all-time excessive of $5.33 million, surpassing opponents like Ethereum and Solana throughout the identical interval.
Analysts have attributed Tron’s price surge to the current launch of the SunPump memecoin deployer on the community.
Apparently, the Tron community deployer outperformed its Solana-based counterpart, Pump.enjoyable, in each day exercise and income. In accordance with Dune Analytics, SunPump launched 7,351 tokens and generated $585,000 in income inside 24 hours. As compared, Pump.enjoyable noticed 6,701 new tokens created, producing $366,000 in the identical timeframe.
USDD plans
In parallel, Solar shared plans to reinforce USDD, a decentralized stablecoin on the Tron blockchain, to make it extra aggressive available in the market.
Solar’s assertion adopted reviews that the TRON DAO had quietly eliminated about 12,000 BTC from the stablecoin’s collateral with out the DAO’s approval.
Though Solar didn’t deal with these allegations instantly, he defined that USDD operates equally to MakerDAO’s DAI. He famous that when collateral exceeds the system’s specified quantity—usually between 120% and 150%—collateral holders can withdraw freely with out approval. Nevertheless, if collateral drops beneath a sure threshold—often below 110%—it should be topped up, or it might set off liquidation.
Solar additionally talked about that USDD at present has a long-term collateralization fee exceeding 300%, indicating restricted effectivity in capital utilization. In consequence, the TRON DAO Reserve plans to improve USDD to higher compete with different decentralized stablecoins like MakerDAO’s DAI.
In accordance with its web site, USDD has a complete provide of round $744 million, backed by 10.9 billion TRX tokens valued at over $1.7 billion and $18.3 million USDT.