By Michael Scott
Tron blockchain founder shares an ambitious plan for the ecosystem in the subsequent months.
Tron (TRX) chief executive Justin Sun reveals the ecosystem’s strategic plan in Q3 and Q4. In a July 13 post on X, Sun highlights the blockchain network’s breakthrough objective in 2024’s second half.
Sun hails the impressive achievement in Q2, though he considers the upcoming months a breakthrough for the Tron ecosystem. The announcement considers the previous quarter to be a generally very good performance for public chain businesses.
Notably, the crypto mogul considered the Tron ecosystem eyes to surpass the Q2 accomplishments of the crypto exchange business. Sun anticipates the Tron network will build strength as it sees a critical breakthrough in the last six months of 2024.
Tron’s Ambitious Roadmap for Q3 and Q4
Saturday’s update by Sun portrays an optimistic picture for 2024’s second half. The former Ripple’s chief Asian representative anticipates Tron will scale its competitive moat within the blockchain industry.
Tron’s chief stresses that the last two quarters are critical to scale and refine the core business advantages. In particular, Sun targets refining user experiences, optimising market share and expanding Tron’s moat.
Sun considers an enhanced talent pool key to delivering an ambitious plan for Tron. Consequently, talent recruitment constitutes the core focus of the blockchain.
Sun is optimistic that adding user-centric and market-aligned strategies will translate to competitiveness. Besides, the executive is hopeful of an accelerated rise in TRX’s trust in trading on the public market.
Sun’s reference to Q2’s strong performance is evident in Tron toppling the L1 networks to realize the highest daily active usage for three months. According to Satoshi Club, the aggregate transaction counts on the Tron network surpassed 8 billion by July 11.
Tron Market Activity
Notably, the Sun’s revelation triggered the price movement of TRX, rallying 2.2% to $0.1397. CoinGecko data shows the Tron native token TRX has risen 11.7% in the past week and 19% in the past 30 days.
The 11.60% price increase in the past seven days lifts TRX to outperform the global crypto market, which is up 9.60%. Comparatively, the present price is 40.32% below the all-time high (ATH) price of $0.2317 realized in January 2018.
The rise in the exchange price saw TRON’s market capitalization hit $12.072 billion from 87 tradable tokens to rank the twelfth largest crypto per CoinGecko data. Nonetheless, the trading volume has tumbled by 18.30% in the past 24 hours to $350.531 million, indicating the recent decline in market activity.
Meanwhile, the ambitious plans align with Sun’s revelation that Tron is undertaking a solution to facilitate “gas-free” stablecoin transfers. Primarily, the solution is set for initial rollout on the Tron blockchain, though targets to support Ethereum and EVM-compatible chains.
Sun indicates that TronNRG guarantees users the opportunity to lower costs and considerably slash gas fees. Users who rent energy rather than directly burn TRX for the gas fees can tap up to 80% discounts. The savings will substantially add up over multiple transactions, thus making it a good choice to overlook.