SamORAI Breakdown: TRON + Oraichain Partnership
There is no better way to celebrate my two year anniversary with Oraichain than to forge a partnership with TRON. This collaboration has major implications for both networks, but also unlocks new opportunities for the greater Cosmos ecosystem. It’s a lot to unpack, so let’s break it down.
High-Level Overview
TRON is a beast. Faster than Solana, Stellar, Binance Smart Chain and Hedera. Run by a community-governed DAO since late 2021. TVL is second only to Ethereum.
Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of March 2023, it has over 145 million total user accounts on the blockchain, more than 4.9 billion total transactions, and around $12 billion in total value locked (TVL). In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021.
TRON is one of the few networks that has proven their commitment to securing real world blockchain utility with TRC-20 tokens recognized as legal tender in both Dominica and Sint Maarten. The importance of this partnership cannot be overstated. By partnering with TRON, AI builders on Oraichain now have an incredible opportunity to service one of the largest blockchain economies in the world.
DeFi Opportunities
With OraiBridge support between Oraichain and TRON in the works, users will soon have a fresh set of DeFi offerings.
OraiDEX already provides some of the most attractive farming yields in the DeFi space, with many liquidity pools offering more than 100% APY. The influx of TRC-20 assets like TRX and USDT has the potential to boost the overall liquidity on the exchange immensely. This expansion of asset availability will give native Oraichain users more options to diversify and will give developers the opportunity to build interesting cross-chain DeFi products.
In addition to the direct value for the Oraichain network, the whole of Cosmos stands to benefit by unlocking liquidity via TRON. While current bridging solutions are focused on attracting liquidity from Ethereum, execution can be slow and expensive. OraiBridge support for TRON can dramatically change this, allowing liquidity to flow securely and quickly between networks.
Delivering AI Functionality
While Oraichain supports a number of AI-powered dApps (linktr.ee/samoraihub), the goal has always been to ship AI functionality to builders everywhere. By partnering with TRON, one of the most populated and active communities, Oraichain has increased potential demand for AI services, creating an attractive environment for AI developers to experiment and monetize their models. This collaboration is an important step towards becoming the #1 hub for decentralized AI.
Wen Moon?
This section is for my degens. Always caring about the wrong things, I swear. The space is driven by speculation and that unfortunately leads to many unrealistic expectations, but as you unpack the details of this partnership, there is plenty of reason to believe that we might see an increase in organic demand for ORAI:
- ORAI as a base pair in new liquidity pools
- Bridging transactions between Oraichain and TRON
- And most importantly, AI Oracle fees on DINO Hub are paid in ORAI. The increased use of AI services could lead to honest demand.
Conclusion
There are plenty of reasons to be excited here, but you have to know how to talk about the value add from major partnerships like this. As always, this is my attempt to give the SamORAI community the information they need to speak knowledgeably and concisely about the potential benefits of each upcoming development.
During my brief time at ETHDenver with the TRON team, I can tell you that our philosophies are mutually aligned. Both of our teams are committed to real world adoption. Both of our teams are committed to education, incubation and innovation. As we continue to develop this partnership, I have full confidence that our teams will work together to shape the future of Web3.
