TRON DAO Announces LayerZero Support for TRON Blockchain, Expanding Interoperability
Geneva, Switzerland, May 28, 2024 – The TRON DAO has made an official announcement regarding the integration of LayerZero support for the TRON blockchain. This collaboration marks a significant milestone as TRON becomes the second non-EVM chain to be integrated into LayerZero’s cross-chain interoperability protocol. With this development, TRON ecosystem developers can effortlessly extend their applications to over 70 other networks supported by LayerZero.
LayerZero is an advanced interoperability protocol designed to facilitate seamless interactions between different blockchain networks. By integrating LayerZero, TRON developers can now effortlessly deploy their decentralized applications (dApps) across multiple blockchain platforms, enhancing interoperability and accessibility. Moreover, developers on other LayerZero-supported networks can also bring their applications to the TRON mainnet.
TRON is a prominent public blockchain with a highly active user base. With nearly 1.8 million daily active users and around 50% market share of USDT, the most widely used stablecoin worldwide according to DeFiLlama, TRON continues to demonstrate its influence. Through this collaboration, the TRON DAO continues to drive blockchain interoperability, equipping developers with the necessary tools to innovate and expand their reach, thereby fostering the adoption of decentralized technologies.
Expressing his enthusiasm about the integration, Dave Uhryniak, Ecosystem Development Leader at TRON DAO, stated, “Integrating LayerZero into the TRON ecosystem is a significant milestone in our mission to enhance blockchain interoperability. This integration provides our developers with unprecedented opportunities to expand their applications across multiple networks, fostering greater innovation and growth.”
Simon Baksys, VP of Business Development at LayerZero, added, “We are excited to support the TRON blockchain, expanding the horizons for developers across all LayerZero-supported networks. This integration will unlock new opportunities and facilitate seamless cross-chain interactions, driving the future of decentralized applications.”
This collaboration between LayerZero and TRON not only highlights the importance of cross-chain interoperability but also lays the foundation for a more connected and versatile blockchain ecosystem. By enabling seamless communication and interaction between diverse blockchain networks, this integration is poised to propel the next wave of decentralized innovation and adoption, creating a more inclusive and efficient digital economy.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has achieved remarkable milestones since its MainNet launch in May 2018. The ecosystem integration of BitTorrent in July 2018 further solidified TRON’s position as a pioneer in decentralized Web3 services, boasting over 100 million monthly active users. As of May 2024, the TRON network has amassed over 230.22 million total user accounts, facilitated more than 7.64 billion total transactions, and locked over $22.12 billion in total value, as reported on TRONSCAN.
Additionally, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin globally, surpassing USDT on Ethereum since April 2021. The TRON network achieved full decentralization in December 2021 and is now a community-governed DAO. Most notably, in October 2022, TRON became the national blockchain for the Commonwealth of Dominica, marking the first partnership between a major public blockchain and a sovereign nation to develop its national blockchain infrastructure. In addition to endorsing the issuance of Dominica Coin (“DMC”), a blockchain-based fan token to promote Dominica’s global recognition, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD – have been granted statutory status as authorized digital currency and medium of exchange in the country.
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Media Contact
Hayward Wong
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