Boosting over 113 million accounts and 3.9B transactions, Tron has become one of the world’s fastest-growing blockchains with more than 567 dApps built on its infrastructure, and we’re proud to announce that Tron is now a part of Rubic’s ecosystem. By integrating the SWFT AllchainBridge built on the Tron blockchain, rubic.exchange has enabled swaps of stablecoins, native and wrapped tokens from and to Tron with the Ethereum, BNB, Polygon, and Fantom chains, as well as on-chain swaps conducted through Rubic’s smart contracts.
With our Tron integration, Rubic further expands into non-EVM chains, providing users with more highly sought-after swapping options. Tron is home to the most popular stablecoins like $USDT, as well as $USDC, with a total market cap of over $34B and $3.2B, and over 15.6M and 362,000 holders respectively. Also, Tron has launched its own high-profile stablecoin, decentralized USD or USDD.
The Tron integration into Rubic has granted users access to exchanging the most popular stablecoins in the crypto space in a secure, decentralized, and profitable manner. By integrating Tron and AllchainBridge, Rubic gets not only vast liquidity, but also a new userbase reaching out to millions, and expands the tokens available for cross-chain and on-chain swaps.
Without further ado, let’s throw light on the Tron ecosystem, the AllchanBridge dApp, TRON stablecoins, and how this collaboration can help Rubic grow! Stay tuned and keep on reading.
Tron Blockchain
Tron is one of the largest blockchain-based operating systems in the world, offering public blockchain support of high throughput, scalability, and availability for all decentralized applications (dApps) in the TRON ecosystem. Based on a delegated Proof-of-Stake (DPoS) consensus mechanism with its native cryptocurrency Tronix (TRX), Tron has upheld its initial faith in decentralizing the Internet via blockchain technology and decentralized applications (dApps).
The TRON Foundation was established in July 2017 in Singapore by Justin Sun, and raised $70 million through an ICO shortly before China outlawed digital tokens. The Tron network as such, independent from an ERC-20 token, went live in June 2018. Today, the total value locked on Tron exceeds $5.3 billion with a daily growing number of prosperous, sustainable projects and scaling up investments.
Tron Stablecoins
As a premier public blockchain, equally competent in terms of performance and security, TRON is doing its best to meet the demand of stablecoin issuers and holders for supply growth & asset transfer. With global market growth, TRC-20 USDT has become a mainstay, exceeding the supply of ERC-20 USDT: the supply of TRC-20 USDT accounts for roughly 50% of the total USDT supply and over 20% of the total stablecoin market cap worldwide. The total number of addresses holding TRC-20 USDT has exceeded 15.6M, with its monthly increase hitting 1M.
All the processes of issuance, holding, and transfer of TRC-20 USDT are completed on TRON smart contracts, featuring full transparency, low costs, and instant delivery, which are friendly to both users and project teams. The average daily transfer of TRC-20 USDT is steadily increasing, with its single-day trading volume topping over $52.5B.
Getting a premium on stablecoin growth since day one, Tron has built an entire empire out of 4 TRON-based stablecoins USDT, USDJ, TUSD, and USDC, with TRC20-USDT keeping up with a dominant position. Just following the Terra-Luna collapse, Tron launched the decentralized algorithmic stablecoin USDD, pegged to TRX, and backed up against extreme industry-wide volatility by the TRON DAO. Moreover, the TRON DAO Reserve has set the interest rate of USDD up to 30%, with promising supply and liquidity.
Stablecoins are now gaining momentum, and you can seize this opportunity on Rubic! TRON stablecoins can now be purchased and swapped on Rubic in just one click and at a favorable rate. Integrators of Rubic’s SDK and Widget are also able to enjoy these features, too!
Tron Architecture
The TRON protocol distributes computing resources equally among TRX holders with internal pricing mechanisms such as bandwidth and energy. The TRON virtual machine can execute a program using an international network of public nodes. The network has zero transaction fees and conducts approximately 2,000 transactions per second. The implementations of TRON require minimal transaction fees in order to prevent malicious users from performing DDoS attacks for free.
TRON adopts a 3-layer architecture divided into the storage layer, core layer, and application layer, adhering to Google protocol buffers, which support the multi-language extension.
- Core
There are several modules in the core layer, including smart contracts, account management, and consensus. A stack-based virtual machine is implemented on TRON with optimized instruction and Solidity used as a smart contract language.
2. Storage
TRON designed a unique distributed storage protocol consisting of Block Storage and State Storage. The storage layer uses the graph database to better meet the need for diversified data storage in the real world. Blockchain Storage chooses to use LevelDB, which is developed by Google and has proven successful with many companies and projects. State Storage is represented by a KhaosDB in the full-node memory, can store all the newly forked chains generated within a certain period of time, and supports witnesses to switch from their own active chain swiftly into a new main chain.
3. Application
Developers can create a diverse range of dApps and customized wallets on TRON. Since TRON enables smart contract deployment, the opportunities for utility applications are unlimited.
Rubic: Amplifying Cross-Chain with SWFT AllchainBridge
To add Tron to the list of available blockchains, Rubic has integrated one of its fastly-developing and prominent projects — SWFT Allchain Bridge (originally named SWFT AllChain Swap). SWFT AllchainBridge is a decentralized cross-chain one-click swap dApp, launched by the SWFT Blockchain. It currently supports more than 20 plug-in wallet connections, 25 EVM & non-EVM chains, and completes cross-chain transfers with one click, including the Bitcoin blockchain.
To give users the most efficient, affordable, and all-inclusive transfer provider, Rubic integrated Bridgers, one of the products of the SWFT Allchain Bridge. Bridgers is a contract-based cross-chain swap provider. The contract that handles swaps is open source, and transaction data is processed online on-chain, being completely transparent and checkable. Bridgers currently supports 7 chains and 500+ tokens, and transactions can be completed within 1 minute.
What is Tronlink Wallet?
To receive the funds on the Tron network, one needs a Tron wallet address. One of the best ways to get a Tron wallet address is through the Tronlink wallet, which can now be connected on rubic.exchange.
Tronlink is a decentralized wallet that provides premier crypto asset management for its users. With over 10 million users, TronLink has advanced data security features, such as local storage of private keys and multi-layered encryption with a complex algorithm. It’s packed with user-friendly features, while being reliable, simple, and easy to install. You can download it on Android and iOS, as well as set up a browser extension for Chrome/Firefox. To use it with Rubic, one should opt for the last option — a browser extension. The installation takes just a few minutes and allows you to send and receive funds from and to the Tron blockchain.
TRC-20 Cross-Chain Swaps on Rubic
Swapping to Tron via Rubic is available both for cross-chain (ETH, BSC, Polygon, Fantom) and on-chain swaps. It’s just one click, and is fast. So, exchanging 1,000 USDC from BSC into USDT on TRC-20 takes just 38 seconds!
The fees which are taken for swapping from and to Tron consist of Rubic’s $1 commission as a network fee, and the provider’s commission of 0.3%.
The good news is that all of these benefits are also accessible on Rubic’s SDK/Widget, and our partnered projects will be utilizing one more blockchain out of 19 available for transferring the leading crypto. Remember that the receiver address function which allows for typing in the address you want to get the funds to work with Tron transfers as well, and all the transactions to and from Tron are fulfilled by Rubic’s safe and proven smart contracts.
That being said, Rubic is getting one more Tier 1 blockchain in its ecosystem, and one more provider topping up its token assortment, seizing all opportunities that blockchain has to offer. Being an aggregator and a powerful B2B toolkit for crypto projects, Rubic is always excited to complement its infrastructure with more prospective projects and networks!
About Rubic
Rubic is a One-Click Cross-Chain Aggregator which allows users to swap any of 15,500+ tokens, on and between 19 blockchains and receive the best rates from all leading trading providers. Rubic includes On-Chain & Cross-Chain swaps for Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Gnosis, Fuse, Celo, Optimism, Moonbeam, OKC, Boba, Moonriver, Cronos, TRON and Bitcoin; with seamless fiat on-ramps and more!
Rubic provides the tools for crypto projects to become fully interoperable between blockchains, with an easy-to-install widget and a fully-customizable SDK. Rubic is already servicing more than 90 projects! Installation of Rubic’s SDK or Widget unlocks DeFi for any project, with access to over 15,500+ tokens across 18 blockchains, all available right on your website or inside your app.
