The post Tron founder Justin Sun predicts $4 billion revenue boost with meme strategy appeared on BitcoinEthereumNews.com.

Tron founder Justin Sun believes the blockchain’s revenue could soar to $4 billion within the next year if its current meme strategy proves successful. In an Aug. 21 post on X, Sun projected that TRON’s total revenue might hit $3 billion over the next 12 months, with $1 billion burned and $2 billion distributed as rewards to stakers and for transaction subsidies. He added that revenue could rise to $4 billion if the meme strategy succeeds. Notably, Sun reported that the network’s daily revenue reached an all-time high of $5.33 million, surpassing competitors like Ethereum and Solana during the same period. Analysts have attributed Tron’s fee surge to the recent launch of the SunPump memecoin deployer on the network. Interestingly, the Tron network deployer outperformed its Solana-based counterpart, Pump.fun, in daily activity and revenue. According to Dune Analytics, SunPump launched 7,351 tokens and generated $585,000 in revenue within 24 hours. In comparison, Pump.fun saw 6,701 new tokens created, generating $366,000 in the same timeframe. USDD plans In parallel, Sun shared plans to enhance USDD, a decentralized stablecoin on the Tron blockchain, to make it more competitive in the market. Sun’s statement followed reports that the TRON DAO had quietly removed about 12,000 BTC from the stablecoin’s collateral without the DAO’s approval. Although Sun did not address these allegations directly, he explained that USDD operates similarly to MakerDAO’s DAI. He noted that when collateral exceeds the system’s specified amount—typically between 120% and 150%—collateral holders can withdraw freely without approval. However, if collateral drops below a certain threshold—usually under 110%—it must be topped up, or it could trigger liquidation. Sun also mentioned that USDD currently has a long-term collateralization rate exceeding 300%, indicating limited efficiency in capital utilization. As a result, the TRON DAO Reserve plans to upgrade USDD to better compete…

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Filed under: News - @ August 22, 2024 3:27 pm