Justin Sun spoke about the development of DeFi on the Tron

by in Cryptocurrency News

Justin Sun

During a speech at the LA Blockchain Summit, Justin Sun stated that Tron is the best blockchain for Decentralized Finance (DeFi) protocols, most of which run on Ethereum today.

“We are building the same DeFi ecosystem as Ethereum,” Sun said. “Tron has its version of all broadcast products. For example, MakerDAO on Tron is called JustStable. That product is developed by the JUST team. And UniSwap is called JustSwap." In addition to the Tron versions of Uniswap and MakerDAO, Sun announced the development of direct analogs to YFI, Aave, and Compound on Tron.

Sun argues that the success of these projects will come from "Tron's scalability and low transaction fees." Regarding the prospect of these benefits after the launch of Ethereum 2.0, he said, “If you're a developer, you don't even have to wait for Ethereum 2.0 to come out. I don't even know when they are going to implement it. You can just go to the Tron network."