TRON’s first decentralized exchange, JustSwap, has got off to a successful start and is generating great interest. Within days of its release, TRONSCAN reported that the number of TRON account holders had grown to 8,012,643.
TRON is pushing forwards in the area of decentralized finance
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 August, JustSwap is a decentralized crypto exchange that leads TRON’s entry into the DeFi sector and seeks to challenge Ethereum’s UniSwap. Inspired by the CEO of TRON, Justin sun, the platform has proven to be successful so far and has picked up a lot of momentum right from the start.
Around 763,000 viewers tuned in to see more Yizhibo, a Chinese streaming platform, and Sun have uploaded a short video to YouTube briefly explaining the exchange.
With Sun firmly under control of the TRON project, the company has grown at a rapid pace, even so much that the total number of TRON accounts has exceeded 8 million 8,012,643 at the time of reporting TRONSCAN.
JustSwap enables users to seamlessly exchange TRC-20 tokens and helps the growing TRON community have the opportunity to use a native solution. The success of the DeFi protocols has been swift and exhilarating. Ethereum DeFi logs are now holding $ 6.37 billion and TRON wants to take a bite out of the same pie, and if not the entire pie, then 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 Wan, who advised investors not to be too hasty, JustSwap 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 with a focus on transparency is a daily bulletin that lists all newly listed projects. The exchange already lists several prominent tokens.
LOL Tron’s 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 of the ERC20 top defi coin were immediately listed. Hopefully you won’t get scammed there pic.twitter.com/IEuLSPMkwC
– Dovey serves people with virtue wan 🪐🦖 (@DoveyWan) August 18, 2020
Dovey Wan was a little more skeptical about receiving JustSwap, so much so that he asked people to watch out for possible TRC-20 token scams. So far, TRON is 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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