Memecoins could soon become the next big thing on the Tron network, according to recent comments from its founder, Justin Sun, on X.
Justin Sun has once again announced his intention to enter the memecoin ecosystem, bringing this type of digital assets to the Tron network.
At X, Sun outlined his strategic plan to strengthen the development of his blockchain. He told his 3,5 million followers on the social platform that he was focusing on establishing stablecoin payments and building a more accomplished team to ensure Tron’s growth and strengthen the blockchain’s position in blockchain industry innovation.
In addition to this, Sun also revealed that he is focusing on Bringing memecoins into the Tron network ecosystem.
Expanding Tron's use cases
Sun shared his goals for driving the development and expansion of the blockchain network on X in hopes of receiving feedback and opinions from the crypto community.
Memecoins have become one of the most significant niches in the blockchain industry, which has a market capitalization of over $42.000 billion. Now, this class of digital assets, which are inspired by internet culture, could become the latest big thing on the Tron blockchain, which was designed to decentralize the content industry.
However, despite receiving positive feedback, some users also recommended Sun to focus on real blockchain use cases, which provide real utility to users beyond memecoin speculation. For example, they commented that the network could focus even more on DAO and tokenized assets o RWAThese use cases could further grow the blockchain and incentivize developer participation in the blockchain ecosystem.
There are also those who felt that the network should focus on expanding its presence in markets such as the United States and Europe, which are taking a more crypto-friendly approach.
Tron earns over $400 million in fees per year
The network is the third-largest blockchain in terms of revenue generated from commission fees per year. According to the Lookonchain ranking platform, Tron has generated $459 million in commission fees over the past 12 months, placing it behind Ethereum, which leads the ranking, and Bitcoin, which is in second place.
About this classification, Justin Sun he highlighted in X that the growth of its blockchain platform is going “slow but sure”.
Tron is a blockchain whose main focus is to help build the infrastructure needed for the decentralized web. This network offers high performance and scalability to users, allowing for fast global transactions with low commission fees. Because of this, it has become one of the preferred networks for making payments and transactions with stablecoins.
Tron DAO, the organization that focuses on building the blockchain, revealed this week that more than 97 % of Orbital stablecoin transactions occur on Tron.
On the other hand, in relation to the decentralized finance (DeFi) ecosystem, Tron is currently positioned as the second blockchain by TVL (Total Locked Value). According to data from DeFi Llama, smart contracts on the chain lock more than $7.400 billion dollars, at the time of writing this article.
TRX up 3% this week
El TRX price, the native cryptocurrency of the Tron network, has increased by 3,4% over the past week, defying the current correction that the cryptocurrency market is experiencing. TRX is trading at around $0,129 per unit and is positioned as the 11th most capitalized cryptocurrency in the market.
Over the past 24 hours, TRX trading volume has increased by 33%, trading nearly $380 million per day on the crypto market.
The above metrics expose the growing participation of cryptocurrency users on the Tron network and the confidence that investors have in this digital asset. Therefore, Sun’s plans to accelerate the growth of the network could serve to drive innovation and attract a larger number of users to this blockchain ecosystem. In May, the number of total addresses on Tron reached 231 million, while the number of daily transactions on the network exceeded 5,5 million.
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