Tron founder Justin Sun is making headlines once again, this time with a bold prediction that the blockchain’s revenue could skyrocket by $4 billion in the coming year. Sun’s ambitious forecast is based on the success of Tron’s current meme strategy, which has been gaining traction in the cryptocurrency world.
In a recent post on X, Sun projected that TRON’s total revenue could reach $3 billion in the next 12 months, with $1 billion being burned and $2 billion distributed as rewards to stakers and for transaction subsidies. However, Sun believes that this revenue could potentially climb to $4 billion if the meme strategy continues to gain momentum.
Sun’s optimism is not unfounded, as the network’s daily revenue recently hit an all-time high of $5.33 million, surpassing competitors like Ethereum and Solana. This surge in revenue has been attributed to the launch of the SunPump memecoin deployer on the Tron network, which has seen impressive results in terms of daily activity and revenue generation.
The SunPump deployer outperformed its Solana-based counterpart, Pump.fun, by launching 7,351 tokens and generating $585,000 in revenue within 24 hours. In comparison, Pump.fun only saw 6,701 new tokens created and generated $366,000 in the same timeframe. This success has bolstered Sun’s confidence in the potential of Tron’s meme strategy to drive significant revenue growth for the network.
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Tron’s Meme Strategy Driving Revenue Growth
Sun’s bullish forecast is further supported by the performance of the Tron network’s decentralized stablecoin, USDD. Sun revealed plans to enhance USDD to make it more competitive in the market, following reports that the TRON DAO had removed 12,000 BTC from the stablecoin’s collateral without approval.
Enhancing USDD for Market Competitiveness
Sun explained that USDD operates similarly to MakerDAO’s DAI, where collateral holders can freely withdraw funds when the collateral exceeds a certain threshold. However, if the collateral drops below a specified level, it must be topped up to avoid liquidation. Sun noted that USDD currently has a long-term collateralization rate exceeding 300%, indicating inefficiency in capital utilization.
Plans for USDD Upgrade
To address these issues, the TRON DAO Reserve plans to upgrade USDD to better compete with other decentralized stablecoins like MakerDAO’s DAI. With a total supply of around $744 million, backed by 10.9 billion TRX tokens valued at over $1.7 billion and $18.3 million USDT, USDD has the potential to become a strong player in the stablecoin market.
In conclusion, Justin Sun’s optimistic forecast of a $4 billion revenue boost for Tron using the meme strategy is certainly ambitious, but not entirely out of reach. With the success of the SunPump memecoin deployer and plans to enhance USDD, Tron is poised for significant growth in the coming year. As the cryptocurrency landscape continues to evolve, Tron’s innovative approach and strategic initiatives may very well position it as a key player in the industry.
