After releasing its own decentralized token swap protocol yesterday, the Tron blockchain’s native token TRX fell in the market today, despite trading volume on the new protocol already surpassing USD 6 million, according to the team behind it.
Dubbed JustSwap, Tron’s new token swap protocol bears many similarities with the Ethereum (ETH) network’s better-known Uniswap protocol, and represents the latest step in Tron founder Justin Sun’s plan to create a new ecosystem for decentralized finance on Tron, dubbed “JUST DeFi.”
Celebrating the new launch, Justin Sun earlier today shared an “Open Letter to Crypto Lovers” on Twitter where he boasted about the success of JustSwap, saying “we’ve accomplished in a dozen hours what Uniswap took a dozen months to achieve,” adding that his platform offers a “far better trading experience than Uniswap.”
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