Recent tweets by Justin Sun, CEO and Tron (TRX) founder appears to be sending a strong signal to the DeFi world. DeFi is the current trend which has seen decentralized finance ecosystem boom in the recent past.
Sun is known not to let any opportunity slip away in the crypto sphere. The timing to enter the DeFi space is right. However, the move might be aimed at meeting the current demand in the market. So, is Tron (TRX) ready for the much sought after service at the moment?
Justin Sun’s Tron (TRX) Follows the Trend
By introducing JustSwap, Justin Sun’s Tron (TRX) is hopping to eat into the booming UniSwap DeFi market. Crypto and to some extend DeFi hype is highly unpredictable. This is even complicated further by the dynamic nature of blockchain. UniSwap hit the market earlier and JustSwap is set to face an uphill task to build its client base.
The high investor returns being experienced in the DeFi sector is driving altcoin to join the craze and this could be a hit or miss with Tron being no exception. Sun is keeping his fingers crossed hoping that TRX coin will gain traction through tapping into liquidity pooling associated with decentralized finance.
Justin Sun’s Tron (TRX) Aping UniSwap Spike
Before diving into DeFi, UniSwap popularity was not pronounced as it is today. In fact, industry critics are arguing that it is only worthless digital assets that are testing the DeFi waters. Surprisingly most cryptocurrency investors are shunning these “shiny” liquidity pools disguised in finance applications.
In the meantime, the native Tron coin TRX has been bullish. This uptrend is a clear indicator that the coin has potential for growth. An entry into the DeFi sphere can easily break the current resistance with a recovery making it an investor haven.