LayerZero Announces Official Support for TRON Network Integration

LayerZero to officially support the TRON network to expand over 70 networks
LayerZero Announces Official Support for TRON Network Integration

LayerZero Labs and TRON is a milestone in the development of blockchain technology, TRON DAO will bring more interoperability and collaboration between different networks. LayerZero support for TRON network integration is expected to spur innovation and growth in the blockchain development community, resulting in a more equitable and productive digital economy.

With this significant advancement, developers in the TRON ecosystem can easily extend their applications to more than 70 additional networks that LayerZero supports.

According to DeFiLlama, TRON is one of the largest and most popular public blockchains in the world. It has almost 1.8M daily active users (DAUs) and around 50% of the market share USDT, which is the most popular stablecoin in the world. This makes TRON the second non-EVM chain to be incorporated into LayerZero's cross-chain protocol.

With LayerZero's support, TRON developers will be able to easily deploy their decentralized apps (dApps) on multiple blockchain platforms, improving interoperability and scalability. This integration also allows developers on LayerZero-based networks to deploy their applications to TRON's mainnet.

LayerZero is a high-performance blockchain interoperability protocol that aims to facilitate the seamless working of blockchain networks.

VP of Business Development at LayerZero Simon Baksys stated about Layer Zero’s support for the TRON network, “We are excited to support the TRON blockchain, broadening 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.”

As of May 2024, the network has more than 230.22M total user accounts on its blockchain, with over 7.64B total transactions and more than $22.12B in Total Value Locked (TVL), according to TRONSCAN.

Dave Uhryniak, Ecosystem Development Leader at TRON DAO, expressed enthusiasm about the integration, said “Integrating LayerZero into the TRON ecosystem marks 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.”

TRON DAO is a community-led DAO that aims to accelerate the internet’s decentralization through the use of blockchain and dApps.

The TRON network was founded in September 2017 by the H.E. Justin Sun, and since the launch of MainNet in May 2018, it has continued to achieve remarkable results. In July 2018, the ecosystem integration was completed with the addition of BitTorrent, one of the pioneers of decentralized Web3 services with more than 100 million monthly active users. The TRON network has seen tremendous growth in recent years.

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

Related Stories

No stories found.
Analytics Insight