As an EEA member, TRON is part of a community of organizations working to advance Ethereum and drive industry adoption. In the Q&A below, we interviewed Dave Uhryniak, TRON’s Director of Ecosystem Development, about how the organization contributes to the Ethereum business ecosystem.
Please introduce your company and yourself.
I’m Dave Uhryniak, the director of ecosystem development at TRON DAO. The TRON network is a Layer 1 blockchain that is fully Ethereum Virtual Machine (EVM)-compatible. It was founded in 2017 by H.E. Justin Sun, and since then, it has become one of the fastest-growing public chains in the world. As of December 2022, it has over 127 million user accounts on the blockchain, more than 4.4 billion transactions, and over $9.7 billion in total value locked (TVL).
TRON extends far beyond Layer 1 — we are really a diversified Web3 ecosystem. In addition to the Layer 1 protocol, we see many other prominent applications in our ecosystem, such as a cross-chain protocol, a DEX, an NFT marketplace, and multiple GameFi projects, amongst others. Additionally, TRON is the official national blockchain of the Commonwealth of Dominica, with several TRON-based tokens granted statutory status as legal tender in the country.
What first brought you to the Enterprise Ethereum Alliance, and why did you decide to become a member?
We believe in a multi-chain future and are always interested in partnering with other Layer 1 and Layer 2 blockchains. Not only will the future be multi-chain, but it will be collaborative. As we continue to build out our global presence, it is important that we participate in the larger blockchain community. The EEA represents many of the industry’s most collaborative leaders, and we wanted to contribute as much as possible. We are the only non-Ethereum-based blockchain currently an EEA member; however, we encourage others to become involved.
What are you currently working on with regards to Ethereum? How will end-users benefit from your work?
Our work often relates to Ethereum. One way is through our cross-chain bridge protocol, BitTorrent Chain (BTTC), which connects users across TRON, BNB Chain, and Ethereum, with more Layer 1s to support in the future. Builders on the BitTorrent Chain can launch their projects and immediately enable users of each of these very large chains to access their applications. And of course, we are always interested in exploring other collaboration opportunities as well.
How will the EEA enhance your organization’s current efforts?
We always enjoy connecting with and partnering with others in the industry. We are a collaborative, inclusive blockchain and believe that working with others in the industry is a great way to achieve our core mission: decentralize the web. The EEA helps us connect and grow our industry and enterprise relationships and provides us with a channel to contribute to the blockchain industry as a whole.
What EEA programs are you most excited about?
We are very excited about the Crosschain Interoperability Working Group. Having already developed a successful cross-chain protocol, we are in a unique position to contribute and collaborate.
We are also excited about the DeFi Risk Assessment, Management and Accounting (DRAMA) Working Group. DeFi will continue to expand and encompass new Web3 capabilities, such as NFTs. As an EVM-compatible chain, we bring a unique perspective to the group, as well as options to builders.
Regulatory groups are also exciting. TRON is the largest blockchain by volume on which the USD Tether stablecoin circulates, and we have our own decentralized over-collateralized stablecoin as well — Decentralized USD (USDD).
Stablecoin legislation is rapidly evolving around the world. Given our prominent position in the global stablecoin market, we have a great deal to offer. In fact, Ethereum and TRON combined are responsible for nearly all of the global USD-based stablecoin volume.
Learn More and Connect with the EEA
The EEA enables organizations to adopt and use Ethereum technology in their daily business operations. We empower the Ethereum ecosystem to develop new business opportunities, drive industry adoption, and learn and collaborate. Join us and contribute to our work!