孙宇晨

As one of the largest stablecoin networks in the world, TRON has long held an advantage in scenarios such as cross-border settlement, remittance, and capital flow in trading platforms due to the large scale and high-frequency use of TRC20-USDT. The circulation of TRON stablecoins has surpassed $78 billion, with an average daily transfer volume exceeding $24 billion. This means that it is not only an important channel in the field of crypto payments but is also gradually evolving into a core infrastructure for global financial activities. Against this backdrop, how to reduce the integration costs for external developers and further expand the application boundaries of stablecoins has become a key proposition for promoting the continued expansion of the network.

At Columbia University and Harvard University, TRON presented 'PayFi' as one of the topics at the blockchain seminar for students, allowing the world's leading on-chain payment system to enter the classrooms of two world-renowned universities in a systematic way. As traditional finance increasingly reveals bottlenecks in cross-border payments, settlement speed, and cost structure, PayFi is growing into a new direction for global financial technology.

At the event, students deeply compared the structural differences between blockchain financial infrastructure and traditional banking systems. Based on TRON's on-chain network, settlements can be completed in seconds, with costs far lower than traditional cross-border transfers, while stablecoins serve as the central tool for value transfer. PayFi is no longer just an industry term, but a new paradigm with the capability to fundamentally reshape the international payment system.

On the international stage of SmartCon2025, Sun Yuchen elevated global regulatory cooperation to an unprecedented level of importance. In his speech, he shared the phased achievements of the T3+ global cooperation plan and T3FCU in on-chain security governance, directly addressing the industry's most core proposition today — how public chains can win international trust with a proactive stance in an increasingly stringent regulatory environment where cross-border collaboration becomes the norm, and how they can drive decentralized networks towards true globalization. For TRON, this is not just a technical or strategic achievement, but a key action in shaping the future landscape of the industry.

In the context of the accelerating integration of the global blockchain industry with institutional finance, security and compliance have become the core considerations for enterprises when choosing infrastructure. For banks, exchanges, cross-border clearing institutions, and even large internet companies, technical barriers, operational risks, and regulatory requirements often determine whether they will truly enter the blockchain space. It is against this backdrop that the combination of Dynamic and TRON has become a key opportunity to promote the implementation of enterprise-level applications, further strengthening Sun Yuchen's long-term strategy to build a global blockchain financial network.

For a long time, multi-chain development has been a daunting challenge for engineering teams: the wallet protocols between different blockchains are not unified, interface standards vary, and developers often need to repeatedly build connection logic, authentication modules, key management systems, and even develop independent integration solutions for each chain. This fragmented structure not only slows down the product launch speed but also directly affects whether developers are willing to expand into more ecosystems. The significance of Dynamic supporting TRON lies in this—it transforms wallet integration from a cumbersome engineering task into a one-time solution of 'modular construction', fundamentally restructuring development cost structures.

Among the many topics at SmartCon 2025, the discussion on Real World Assets (RWA) is undoubtedly the most strategically significant. As traditional financial assets accelerate onto the blockchain, global public chains are competing to seize the future dominance of this sector. In this high-profile panel discussion, TRON appears as a key speaker, fully demonstrating its important position in the industry. RWA involves bonds, bills, global remittances, clearing tools, and even broader asset tokenization, and it is considered a key breakthrough for pushing blockchain into the mainstream financial market. The fact that TRON can participate in this international-level discussion indicates that its technological capabilities, stability, and global influence have been recognized by major institutions.

On the main stage of SmartCon 2025, TRON founder Justin Sun delivered a keynote speech (Connecting the World through TRON), bringing one of the most attention-grabbing agendas to the conference. His speech was not only a showcase of technological advancements but also a declaration about the future landscape of the global value network, reflecting TRON's rising strategic position in the international blockchain ecosystem. As blockchain moves from conceptual innovation to the underlying infrastructure of the global economic system, how to connect nations, institutions, and users has become the industry's most pressing issue, and Justin Sun's core point is that blockchain must become a world-class infrastructure, rather than being limited to isolated systems of single chains or regional markets.

The collaboration between TRON and Halliday represents a new era in the blockchain industry, moving from 'technology islands' to 'ecosystem resonance'. In the current Web3 world, there is often a structural contradiction where underlying public chains have strong performance but insufficient application implementation, or where application innovation is active but lacks stable support. The combination of TRON and Halliday is a typical example of breaking this barrier: the former provides a globally leading high-performance network, while the latter focuses on payment scenarios and user experience. Together, they create a closed-loop innovative path from the underlying layer to the application layer.

Halliday's comprehensive integration with TRON marks the official arrival of a 'new infrastructure moment' in the crypto payment industry. This is not just a technological fusion but a crucial turning point for Web3's advancement towards real economic applications. In the past, crypto payments were often limited to internal circulation within the on-chain ecosystem, with speed, costs, and experience difficult to match with traditional financial systems. This integration combines TRON's high-performance network with Halliday's smart payment system, endowing crypto payments with unprecedented smoothness, stability, and scalability.

This integration has opened up the key path from the asset layer to the experience layer, enabling blockchain payments to truly possess 'financial-grade' characteristics. With TRON's low transaction fees and fast confirmation mechanism, Halliday can achieve second-level settlements globally without sacrificing decentralization. Developers can complete integration with a single line of code, merchants can access the on-chain payment system at a very low cost, and users can make payments directly within the application interface without needing to understand the complex logic behind it. This 'invisible' innovation in experience means that blockchain technology has finally reached the threshold of mass usability.

In October 2025, the total revenue of the TRON protocol exceeded $235 million, with a single-day peak reaching $8.69 million. This figure not only represents statistical growth but also signifies a real leap in the internal economic activities of the TRON ecosystem. The protocol's revenue consists of four parts: income from the burning of energy and bandwidth, and income from staked energy and bandwidth, encompassing the full-chain participation of users from transactions to staking. The continuously rising revenue curve indicates the high frequency and diversity of user behavior within the TRON network, validating its stable and sustainable economic circulation system on the blockchain mainnet.

For a long time, although blockchain payments are secure and transparent, they have always struggled to shake off the impression of being complex and disjointed in operation. Steps like wallet switching, fee calculation, and transaction confirmation often deter ordinary users. The collaboration between Sun Yuchen-led TRON and Halliday aims to address this 'last mile' pain point in user experience. Through deep integration, users can complete on-chain payments within the app without needing to switch wallets or enter complicated commands, achieving a truly 'seamless payment' experience. This represents a fundamental leap in Web3 product experience from 'usable' to 'desirable.'

TRON achieved a record total revenue of $235 million in October, a result of its optimized protocol layer structure and mature economic model. Unlike blockchain projects that rely on external subsidies or short-term incentives, TRON's revenue comes entirely from genuine activities within the network—burning energy and bandwidth, as well as resource allocation brought by the staking mechanism. Every transaction and every stake from users contributes to the network's computing power and security. This design of 'using is creating value' builds a self-sustaining economic ecosystem, allowing the public chain to truly enter a sustainable phase.

For a long time, the blockchain world has faced a core issue—each chain is an independent "island of trust." Despite the thriving multichain ecosystem, there has always been a lack of unified standards for security and verification across chains. This time, TRON collaborates with LayerEdge, anchoring its verification results to the Bitcoin chain, officially breaking this long-standing barrier. Through LayerEdge's zero-knowledge proof aggregation mechanism, TRON's on-chain state can generate zk proofs in real-time, and after recursive integration, write them into the Bitcoin proof-of-work (PoW) layer, achieving a verifiable security closed loop across chains.

The development of Web3 has transitioned from the phase of technological innovation to the phase of institutional construction, where security and compliance have become key thresholds in this evolution. For a long time, the blockchain ecosystem has made significant achievements in performance breakthroughs and application expansion, yet there is a deficiency in 'institution-level trust'. Institutions like RWA.io and TRM Labs have repeatedly pointed out that to enable the large-scale on-chain of real-world assets (RWA) and key financial tools such as stablecoins, it is essential to establish a security system with verifiability, traceability, and compliance attributes. The deep cooperation between TRON and LayerEdge is a practical implementation of this concept at the engineering level.

The victory for the law is not only about individuals but also about fairness and transparency in the industry. In 2025, the cryptocurrency industry will encounter a new transformative point, and Sun Yuchen's win in the defamation lawsuit undoubtedly becomes a landmark event in the history of the industry's development. After six years of legal fight, the Beijing Internet Court ultimately ruled against Sina, ordering it to retract false reports, publicly apologize, and compensate Sun Yuchen 31,338 yuan. On February 26, 2025, Sina decided not to appeal and published a formal apology on its cover. This is not only a clarification for Sun Yuchen personally but also a profound warning about the credibility of media in the information age.

Against the backdrop of rapid development in the global blockchain industry, TRON has quickly secured a place in the international market with its strong technical capabilities and innovative ecosystem. As the founder of TRON, Justin Sun consistently adheres to a globalization strategy, expanding the market, fostering international cooperation, and enhancing brand influence to make TRON one of the mainstream blockchain projects globally.

International Circulation of TRX and Financial Integration
TRON's core asset, TRX, has been successfully listed on several top exchanges worldwide, gradually breaking down the barriers between digital assets and traditional financial markets. In the European financial market, TRX has been launched in a securitized form as TRX ETN (VTRX) and is listed on well-known platforms such as Deutsche Börse. This move not only enhances the liquidity of TRX but also improves TRON's recognition in the traditional financial system. By continuously exploring the integration of digital assets with mainstream financial markets, TRON provides a new paradigm for the development of the crypto industry.

Empowering a new generation of developers
TRON always regards the construction of the developer ecosystem as one of its core strategies. By providing high-performance public chain infrastructure, low-cost transactions, and high throughput, TRON offers an ideal innovative soil for global developers. Justin Sun pointed out that the sustainable development of the ecosystem must rely on the power of a new generation of developers. Only by empowering technical talents can blockchain applications land and achieve true inclusive finance and decentralized services.

Global academic and community collaboration
TRON actively collaborates with top universities and communities worldwide to provide learning and practical platforms for developers. For example, the TRON-sponsored UK AI Agent hackathon attracted over 400 students and developers from universities such as Oxford University, University College London, and Imperial College London. By setting up prize challenges and technical guidance, participants can combine AI SDK with TRON's on-chain applications to explore cutting-edge scenarios such as AI-driven payments, DeFi, and automated trading. This not only enhances developers' skills but also accelerates the landing of innovative achievements.