DeFi

Allbridge

Coin

<ul class="wp-block-list"> 
 <li>Tron Army laments the lack of classic DeFi protocols and bridging solutions.</li> 
 <li>The community suggests improvements and highlights trust issues.</li> 
 <li>Justin Sun commits to enhancing DeFi capabilities on Tron.</li> 
</ul> 
Tron, a leading blockchain platform, is facing scrutiny from its community over the integration of decentralized finance (DeFi) protocols and the overall functionality of its network. Despite being known for its fast transactions, Tron has encountered challenges related to DeFi adoption. 
In a recent post on X, PaperImperium questioned the absence of classic DeFi protocols on Tron. They noted the difficulties in bridging to the network, which largely relies on centralized swaps rather than decentralized solutions. 
As a potential solution, a commenter <a href="https://x.com/Inspector229553/status/1821588816295280667" target="_blank" rel="nofollow">suggested</a> using Allbridge to swap to Tron USDT but noted issues with liquidity for transactions exceeding $1 million. 
Meanwhile, <a href="https://coinedition.com/justin-suns-35-97m-ethereum-move-whats-next-for-tron-founder/">Tron founder Justin Sun</a> has acknowledged the issue raised by PaperImperium. He responded by indicating a commitment to addressing the concerns. “This is indeed where our work should focus,” Sun remarked. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 This is indeed where our work should focus.<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f64f.png" alt="🙏" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/15GQdiC3SI" target="_blank" rel="nofollow">https://t.co/15GQdiC3SI</a>— H.E.…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/trons-defi-desert-can-the-blockchain-attract-protocols/">Tron’s DeFi Desert: Can the Blockchain Attract Protocols?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Tron’s DeFi Desert: Can the Blockchain Attract Protocols?

Coin Edition

Other articles published on Aug 10, 2024

Investors Withdraw Significant Funds from Spot Bitcoin ETFs

Bitfarms Stock Surges 22% Following Strong Q2 Performance

Tragic FOMO: RTR Meme Coin A Cautionary Reminder

Firo Core Team receives 345 XMR donation from Power Up Privacy

Santa Monica ‘Bitcoin Office’ webpage goes live

Crypto Market Outlook: HNT Remains Top Gainer

Join our free newsletter for daily crypto updates!