A Viable DeFi Platform Alternative To Ethereum

DeFi has exploded in popularity in the second half of 2020 and Tron’s main rival, the Ethereum platform, has been the primary sandbox for builders. Apps like Uniswap, YFI, and Aave have surged in popularity as Ethereum’s users have clamored to offer them liquidity and buy a share of their governance rights. Demand to interact with these DeFi protocols has led to all-time highs in transaction fees, volume, and miner revenue on the Ethereum platform in recent months.

Tron is now attempting to establish itself as a viable DeFi platform alternative to Ethereum, with protocols like the Justswap DEX, 2nd on the Dapprader list, which uses the automated market maker pricing model and Liquidity Provider (LP) token model popularized by Uniswap. Liquidity on the platform is now over USD250 billion and daily trading volumes sit at nearly USD19 million.