• Tron founder Justin Sun predicts the blockchain’s revenue could soar to $4 billion within the next year if its current meme strategy proves successful
• Sun revealed plans to enhance USDD, a decentralized stablecoin on the Tron blockchain, to make it more competitive in the market
• Tron’s daily revenue reached an all-time high of $533 million, surpassing competitors like Ethereum and Solana during the same period
Crypto entrepreneur Justin Sun has unveiled an ambitious goal to increase TRON‘s revenue to $4 billion within the next year. He believes a current meme coin craze on the network could be the key to hitting this target.
TRON’s Revenue Surge
TRON’s daily revenue recently reached an all-time high of $533 million, surpassing competitors like Ethereum and Solana. Analysts attribute this fee spike to the recent launch of SunPump, a meme coin deployer on TRON that has outpaced its rival on Solana. In just 24 hours, SunPump generated nearly $600,000 in revenue and launched over 7,000 new tokens.
Plans for USDD
In addition to meme coin plans, Sun wants to make TRON’s decentralized stablecoin USDD more competitive. USDD operates similar to MakerDAO’s DAI system. However, its collateralization rate exceeds 300%, indicating capital inefficiency. The TRON DAO Reserve aims to upgrade USDD to better compete against other algo stablecoins.
USDD currently has a supply around $744 million, backed by $17 billion in TRX and USDT.
Conclusion
If Sun’s meme coin strategy succeeds, TRON could see its revenue quadruple to $4 billion in the next year. Upgrading USDD should also help the network take on other major DeFi platforms. TRON continues to see surging activity, solidifying itself as a critical player in blockchain technology.
