On April 5, Sun Yuchen, the founder of TRON, appeared at the "BUIDL 2025" crypto conference held in Hong Kong. He participated in a roundtable discussion on "The Evolution Path of Crypto Infrastructure" alongside Ryan Fang, founder of Tomo Wallet, Steve Yun, founder of TVM Ventures, and Colin Goltra, Chief Growth Officer of Morph. They delved into key topics such as the development history of crypto infrastructure, existing bottlenecks, and innovative technologies, providing valuable insights and ideas for the industry's development.
Stablecoins Have Huge Growth Potential, TRON Ecosystem Performs Outstandingly
When discussing the development history and current state of crypto infrastructure, Sun Yuchen pointed out that despite the price fluctuations of crypto assets like Bitcoin, stablecoins have shown a steady growth trend and have become an important pillar for industry development. Currently, the scale of stablecoins on the TRON blockchain has exceeded $60 billion, with an increase of about $5 billion in the past month, and this growth trend continues.
Taking TRON as an example, the on-chain daily trading volume of stablecoins has also been steadily rising, currently ranging between $20 billion and $30 billion. The performance of USDT on TRON has been particularly stable, continuously setting historical highs. Sun Yuchen believes this is due to the efficiency and stability of the TRON network, as well as the widespread recognition and application of USDT globally. In the first quarter, TRON launched the upgraded decentralized stablecoin USDD, further enriching the stablecoin ecosystem of TRON. USDD has become increasingly popular since its listing on Kraken last week, with a market capitalization reaching $300 million.
Sun Yuchen believes that USDD, with its decentralized and trustworthy characteristics, will continue to grow. Decentralization means that no single entity can control the issuance and management of USDD, allowing users to have complete control over their assets, which aligns with people's needs for asset security and autonomy. He predicts that the market capitalization of USDT on TRON could reach around $100 billion this year, while USDD is expected to reach a scale of $1 billion. This prediction not only reflects Sun Yuchen's confidence in the TRON ecosystem but also highlights the important position and immense potential of stablecoins in the cryptocurrency field.
Promoting Blockchain Awareness, Driving Cryptocurrency Popularization
When asked about the bottlenecks faced by the industry, Sun Yuchen shared a personal experience of giving a friend a Bitcoin in 2013, which the friend only remembered and liquidated in 2025. This experience vividly reflects the public's lack of understanding of cryptocurrencies. At that time, the price of cryptocurrencies was extremely low, and the value of a single Bitcoin was negligible. The friend did not pay enough attention to it and forgot about it. By 2025, the price of Bitcoin had risen significantly, and the friend realized the value of that Bitcoin.
This event made Sun Yuchen deeply aware that one of the important tasks for the current industry is to educate the public about blockchain services and cryptocurrency knowledge. He pointed out that many people still view fiat currency as "real money," overlooking the actual value of cryptocurrencies. In the traditional mindset of the public, fiat currency is backed by the government, has mandatory circulation, and stability, while cryptocurrencies are seen as high-risk and unstable investment products. However, with the development of cryptocurrencies and the continuous expansion of application scenarios, their value as a new form of currency is gradually becoming prominent.
Sun Yuchen believes that it is necessary to change people's traditional views on currency and money, allowing more people to recognize that cryptocurrencies are also a form of "real money." Cryptocurrencies have characteristics such as decentralization, anonymity, and global circulation, providing people with more convenient, efficient, and secure payment and storage methods. For example, in some cross-border payment scenarios, cryptocurrencies can bypass the cumbersome procedures and high fees of traditional financial institutions, enabling fast and low-cost fund transfers. By promoting blockchain knowledge and the advantages of cryptocurrencies, the popularization and application of cryptocurrencies among the public can be advanced, fostering the healthy development of the cryptocurrency market.
Gasfree New Feature: Lowering Barriers to Use, Assisting Institutional Access
Regarding technical issues, Sun Yuchen introduced the new Gasfree feature launched by TRON. This feature was developed over six months and officially released two weeks ago, with a good user experience. In cryptocurrency transactions, gas fees are the transaction fees that users need to pay to incentivize miners to process and verify transactions. However, for ordinary users and institutions, the payment and management of gas fees can be somewhat troublesome.
With the Gasfree feature, users can generate a mirror address to receive USDT keys regardless of how many addresses they have, and the fees can be directly deducted from USDT, eliminating concerns about operational errors. This feature greatly simplifies the transaction process and lowers the barriers to use. For ordinary users, there is no longer a need to worry about calculating and paying gas fees; they can focus solely on the transaction itself. For institutions, the Gasfree feature provides a convenient solution for receiving stablecoins.
Many institutions wish to integrate blockchain technology for more efficient fund management and payment settlement but are reluctant to engage with cryptocurrencies due to their price volatility, fearing asset risks. Additionally, even using cryptocurrencies to pay gas fees adds extra operational costs and complexity for some institutions. The Gasfree feature meets the needs of institutions, allowing them to receive and send funds using addresses without directly engaging with cryptocurrencies, significantly lowering the barriers to use and helping to promote more institutions to access the TRON ecosystem, facilitating the application of blockchain technology in broader fields.
Building a Better Ecosystem, Emphasizing Security is Crucial
Sun Yuchen emphasized that the ecosystem built by TRON has significant advantages over traditional finance. The KYC-free nature of TRON allows users to participate in cryptocurrency transactions more freely, protecting user privacy.
On TRON, users have complete control over their assets, with no risk of account freezing, ensuring the security of user assets.
In addition, TRON has launched the non-freezable stablecoin USDD, providing users with a safer and more convenient way to store wealth. The decentralized nature of USDD means that no single entity can freeze or control users' assets, allowing users to confidently store their wealth in USDD. However, Sun Yuchen also cautioned that with users having 100% control and the autonomy of smart contracts, security issues cannot be overlooked.
Events like Bybit suffering a $1.5 billion loss due to multi-signature smart contracts have sounded the alarm for the industry. Multi-signature smart contracts require multiple signatures to complete a transaction, which should enhance security, but due to contract vulnerabilities or operational errors, they can still lead to significant losses. Therefore, while enjoying the conveniences brought by blockchain technology, it is essential to place a high priority on security to prevent issues such as hacking and private key loss. Once a private key is lost or stolen, users will lose control over their assets, resulting in irreparable losses.
Additionally, Sun Yuchen mentioned that the company has enabled advanced security tools, mandating their use on every device and software within the company to address the forgery risks brought by AI development. As AI technology continues to advance, it has become easier to forge images, videos, etc., which poses potential threats to financial account security. For example, someone might use a forged AI video to reset a person's exchange account, thereby stealing funds. Enabling these technologies can enhance the security of devices and software, effectively preventing such risks, further emphasizing the importance of security in both Web2 and Web3 domains.
During this roundtable discussion, Sun Yuchen shared profound insights and innovative practices regarding the development of crypto infrastructure, providing beneficial ideas and directions for industry development, and showcasing TRON's active efforts in promoting cryptocurrency popularization and infrastructure construction. It is believed that with the joint efforts of all parties, the cryptocurrency industry will usher in a brighter future.
It is reported that "BUIDL 2025" was held at the JW Marriott Hotel in Hong Kong, co-hosted by Foresight News, The Block, and Foresight Ventures, aiming to build an efficient bridge for global crypto practitioners through the strong influence of bilateral media in the East and West. This conference gathered industry giants, track unicorns, top VCs, and well-known KOLs from various fields to ignite the spark of creativity, stimulate the brilliance of ideas, and promote innovation and breakthroughs in the crypto industry.
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