After days of waiting, its official SUN.io acquires JustSwap to create the newest and largest decentralized exchange in the TRON blockchain called SUNSwap.
The acquisition of JustSwap upgraded it to become TRON’s most prominent decentralized exchange and incorporating on-chain token swap, liquidity mining, stablecoin swap, staking, and self-governance under the TRON blockchain.
SUNSwap aims not only to become TRON’s largest decentralized exchange but with the integration of the BTTC decentralized cross-chain bridge and realization of all-chain transactions, it would definitely be the best and largest decentralized exchange in the whole cryptocurrency industry.
What is SUNSwap?
SUNSwap is the upgraded JustSwap after being acquired by SUN.io which started as SUN Genesis Mining that turned into a TRON-based platform that incorporates stablecoin swap, token mining and self-governance.
(1/6) 📣 Time for the final reveal!
🌞 I’m thrilled to announce that https://t.co/rJYHv3rZ8m has acquired #JustSwap and was upgraded to the most prominent decentralized exchange in the #TRON ecosystem: #SUNSwap.https://t.co/Fhuo0tkuOx
— Justin Sun 🅣🌞 (@justinsuntron) October 20, 2021
Since JustSwap is now SUNSwap this officially made them the largest decentralized exchange in the whole TRON ecosystem.
TRON’s involvement with DeFi made both JustSwap and SUN.io two of the biggest successful projects within the blockchain and it continued to grow rapidly since being launched.
What is JustSwap?
JustSwap is TRON’s first decentralized token exchange protocol and it allows users to make instant exchanges between any TRC-20 token, make system pricing, and other features with ease.
They also allow users to earn transaction fees by becoming a liquidity provider, free of protocol commission charges. Asides from exchanging TRC-20 tokens, JustSwap users have the capability to earn trading fees and mining rewards. JustSwap is set to address the ETH gas increased gas fees due to the DeFi demand on the Ethereum network and as the TRON Foundation’s CEO said, JustSwap will have lower fees and 200 times faster with instant settlements.
🎉New #JustDeFi TVL milestone achieved, surpassing $9 billion
💪#JustDefi is always dedicated to developing #TRON-based ##DeFi protocols and aims to provide all-in-one financial solutions to its users
👏Your continued support is the best motivation for https://t.co/LtExiRKlwm pic.twitter.com/aBsIf6RWR7
— JUST Foundation (@DeFi_JUST) October 20, 2021
The acquisition of JustSwap by Sun.io is a way to integrate both companies’ advantages and achieve their planned rapid expansion over the TRON blockchain and as mentioned above, SUNSwap would be the largest decentralized exchange not only in the TRON blockchain but the rest of the industry.
For more news and updates, see Tron Spark.
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