Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- Tron DAO has announced its collaboration with Curve Finance.
- Tron DAO Venture has made an investment in Curve to enhance its support beyond the partnership.
TronDAO has formed a partnership with the decentralized exchange Curve Finance. This collaboration is intended to provide support and enhance the security protocols of the Tron Network. Additionally, Tron DAO Venture, the investment division of Tron DAO, has recently acquired $2 million in CRV tokens. Furthermore, Curve will integrate with Tron and the BTTC network as part of this partnership.
On August 22, Tron DAO revealed its partnership with Curve Finance. As part of this agreement, Curve will be launched on both the Tron and BTTC networks. The integration with these networks is anticipated to drive DeFi innovation, expand the ecosystem, and promote cross-chain development. Through this partnership, Tron aims to deliver the most secure and advanced products.
Related Posts
Tron Achieved Significant Milestone
Curve Finance is a decentralized exchange (DEX) recognized for its automated market maker designed for stablecoin trading. Currently, Curve holds the position of the second-largest DEX globally. Recently, Curve Finance faced a DeFi attack that led to a loss for the decentralized exchange.
Justin Sun, the founder of Tron, has voiced his support for Curve Finance following the incident, stating that Curve is a vital DeFi infrastructure for the blockchain industry. Tron DAO Venture has invested in Curve to provide support beyond the partnership and ensure substantial financial backing. At present, Curve operates on major blockchains, including Ethereum, Arbitrum, and Avalanche.
Additionally, Tron has disclosed that the number of accounts has surpassed 180 million, with over 6 billion transactions recorded on the Tron Network. These significant milestones represent a noteworthy achievement for the Tron Network. With this progress, Tron has solidified its position as a leading entity in DeFi innovation.
At the time of this report, CRV is trading at $0.4552, reflecting a decline of more than 6.75% in the past 24 hours. However, the daily trading volume of CRV has seen an increase of 50.40%. Moreover, TRX is trading at $0.07487, with a rise of 0.31%, according to CoinMarketCap.
