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[Blockchain Today Correspondent Han Ji-hye] The Singapore-based cryptocurrency staking service Moonstake and the TRON Foundation, which develops the TRON protocol, one of the world’s largest blockchain-based operating systems, announced a strategic partnership.
Through this partnership, Moonstake aims to enable staking of TRON’s native token, TRX Coin, to wallets, and the two sides will collaborate on community building and marketing activities to promote adoption of TRON and the Moonstake ecosystem. to be.
Moonstake and TRON, one of the most prominent blockchains in the DeFi space due to their optimized transaction fees, are also exploring additional collaboration opportunities in the DeFi sector.
Moonstake said, “We have officially entered DeFi with Muse.Finance, a DeFi platform that has launched a core product since March of this year and recently started a lock-drop for early adopters.”
Moonstake started its staking business in 2020 with the goal of creating the largest staking network in Asia. Since then, it has developed the most user-friendly web wallet and mobile wallet (iOS/Android) supporting more than 2000 cryptocurrencies, and after full-scale operation started in August 2020, the total staking assets has grown rapidly to reach $1 billion. As a result, Moonstake became one of the top 10 staking providers worldwide.
Currently, Moonstake supports 12 staking coins that are in high demand, including Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, and IOST.
Meanwhile, TRON is a market-leading blockchain known for its large community of users and developers around the world dedicated to building a truly decentralized internet and infrastructure. As one of the largest blockchain operating systems in the world, the TRON protocol adopts an energy-efficient dPoS consensus mechanism to provide high throughput, high scalability and high availability for distributed applications in the TRON ecosystem through cooperation with major business partners including global tech giants. provides
It is one of the fastest growing DeFi ecosystems in the market, currently boasting over 40 million user accounts and over 2 billion cumulative transactions, including Samsung, Opera, BitTorrent, Poloniex and Swisscom Blockchain. Additionally, the Tron-based TRC20 protocol currently hosts the largest global stablecoin circulation at nearly 34 billion USDT. The native coin Tronix (TRX) can be used to pay for services of powerful decentralized content and applications on the network.
Mitsuru Tezuka, Founder of Moonstake, said, “We are honored to partner with TRON, the leading blockchain in the industry, which has a global community of highly active users and developers. TRON is one of the fastest growing ecosystems on the market, with a really impressive increase in trading volume and a vibrant ecosystem of DApps, especially in the DeFi space. We hope to accelerate the global adoption of the TRON network and DeFi services and expand the two growing ecosystems together.”
Justin Sun, CEO of TRON Foundation, said, “TRON staking is growing strongly and we are delighted to partner with Moonstake, one of the top 10 staking providers worldwide to further accelerate TRX adoption. As TRON’s initiative is to conduct ‘All In on DeFi’, we will explore opportunities for deeper cooperation with Moonstake in the field of decentralized finance and strongly promote the great growth of the DeFi ecosystem together.”