TRON accounts hit more than 8 million after JustSwap launch

The first decentralized exchange from TRON, JustSwap, got off to a successful start and met with great interest. Within days of its release, TRONSCAN reported that TRON account holders had grown to 8,012,643.

TRON takes a foray into decentralized financing

TRON is finally breaking away from gambling apps and entering the world of decentralized finance better known to insiders as DeFi. This week’s release of JustSwap is one of the biggest expansion moves TRON has made recently.

Published on 18th of AugustJustSwap is a decentralized crypto exchange that is driving TRON’s entry into the DeFi sector and seeks to challenge Ethereum’s UniSwap. Inspired by TRON CEO, Justin Sun.The platform has proven to be successful so far and gained a lot of momentum from the start.

Around 763,000 spectators tuned in to watch Yizhibo, a Chinese streaming platform, and Sun have uploaded a short video to YouTube that briefly explores the exchange.

With Sun firmly under control of the TRON project, the company has grown rapidly so that the total number of TRON accounts has exceeded 8 million 8,012,643 at the time of reporting in accordance with TRONSCAN.

With JustSwap, users can seamlessly exchange TRC-20 tokens and allow the growing TRON community to use a native solution. The success of the DeFi protocols has been swift and exhilarating. Ethereum’s DeFi logs are now holding $ 6.37 billion, and TRON is looking to get a bite out of the same pie and, if not the entire pie, and create TRON DeFi logs instead.

Reasons for optimism despite some warnings

While some industry experts have been a little more cautious, including Primitive cryptos Founding partner Dovey WanJustSwap, who advised investors not to be too hasty, is clearly off to a good start.

According to the official update dated August 21, JustSwap reached a trading volume of $ 10 million within 24 hours of its release. An important feature that focuses on transparency is a daily bulletin that lists all newly listed projects. The exchange already lists several prominent tokens.

LOL Trons justswap just went live and in a decentralized world there is no way to stop scammers from cheating on the OG scammer

Tons of TRC20 version ERC20 Top Defi coins were listed immediately, hopefully people there won’t be scammed. Pic.twitter.com/IEuLSPMkwC

– Dovey serves people of virtue Wan @ (@DoveyWan) August 18, 2020

Dovey Wan was a little more skeptical about JustSwap’s reception, so he urged people to watch out for possible TRC-20 token scams. So far, TRON has been best known for projects like WINk, which at $ 33,477,591 has the second largest market capitalization among gambling and gaming dApps.

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