Geneva, Switzerland, June 13th, 2023, Chainwire
DWF Labs, a global digital asset market maker and multi-stage Web3 investment firm, has partnered with TRON, a leading blockchain network focused on decentralizing the internet through decentralized applications (dApps). As a result of the partnership, DWF Labs has become a liquidity provider for TRON, further strengthening the ecosystem support of the blockchain.
Andrei Grachev, Managing Partner of DWF Labs, expressed his confidence in TRON's ecosystem, citing over 165 million accounts created and more than 5.8 billion transactions on the network. Grachev commended TRON's ability to attract new ideas and its consistent rollout of innovative tools and services, positioning it as one of the fastest-growing dApp ecosystems in the blockchain space. DWF Labs is eager to continue supporting the ecosystem with additional investment in the near future.
DWF Labs, as a prominent market maker in the blockchain industry, has been actively supporting and investing in Web3 protocols. Last year, DWF Labs committed an initial $15 million to the Web3 Industry Recovery Initiative, led by Binance Labs, to aid struggling protocols in the industry's recovery. More recently, DWF Labs has formed additional strategic partnerships with leading crypto players worldwide.
"As a leading blockchain network focused on empowering decentralized commerce and community for every person on the planet, TRON has continually attracted new ideas and demonstrated exceptional growth within the space,” a TRON spokesperson explained. “We are delighted to partner with DWF Labs, as they bring their expertise and excellence to further strengthen the TRON ecosystem. Together, we aim to further support TRON's vision of a decentralized future."
By partnering with TRON as a liquidity provider, DWF Labs aims to contribute to the growth and development of the TRON ecosystem, facilitating improved accessibility of the blockchain network for all TRON users and community members.
DWF Labs and TRON have formed a strategic partnership to enhance ecosystem support.
About TRON DAO
TRON DAO is a decentralized autonomous organization that aims to promote the decentralization of the internet through blockchain technology and decentralized applications (dApps). It was founded in September 2017 by H.E. Justin Sun and has achieved remarkable milestones since the launch of its MainNet in May 2018. In July 2018, BitTorrent, a pioneer in decentralized Web3 services with over 100 million monthly active users, was integrated into the TRON ecosystem. The TRON network has gained significant traction in recent years and currently has over 166.5 million total user accounts, more than 5.85 billion total transactions, and over $11.52 billion in total value locked (TVL), as reported on TRONSCAN.
Moreover, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin globally, surpassing USDT on Ethereum since April 2021. The TRON network achieved full decentralization in December 2021 and is now a community-governed DAO. Recently, in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, marking the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. In addition, seven existing TRON-based tokens, including TRX, BTT, NFT, JST, USDD, USDT, and TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country, alongside the government's endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to promote Dominica's global fanfare.
About DWF Labs
DWF Labs is the global digital asset market maker and multi-stage Web3 investment firm, supporting portfolio companies from token listing to market making to OTC trading solutions.
With offices in Singapore, Switzerland, the UAE, Hong Kong, South Korea and BVI, the investment company DWF Labs is an affiliate of Digital Wave Finance (DWF), which consistently ranks among the top 5 trading entities by volume in the cryptocurrency world through its proprietary technology for high frequency trading.
For more information visit www.dwf-labs.com
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