header-langage
简体中文
繁體中文
English
Tiếng Việt
한국어
日本語
ภาษาไทย
Türkçe
Scan to Download the APP

Justin Sun Shares Industry Insights at "BUIDL 2025": Emphasizes the Necessity of Prioritizing Security While Enjoying the Benefits of Blockchain Technology

2025-04-08 16:39
Read this article in 13 Minutes
总结 AI summary
View the summary 收起

On April 5th, TRON Founder Justin Sun made an appearance at the "BUIDL 2025" crypto conference in Hong Kong. He participated in a roundtable discussion on the "Evolution Path of Crypto Infrastructure" with Tomo Wallet Founder Ryan Fang, TVM Ventures Founder Steve Yun, and Morph Chief Growth Officer Colin Goltra. The panel delved into the development history of crypto infrastructure, existing bottlenecks, and innovative technologies, providing valuable insights and perspectives for the industry's advancement.


Stablecoin Growth Potential Tremendous, TRON's Ecosystem Stands Out


When discussing the development history and current state of crypto infrastructure, Justin Sun pointed out that despite the price fluctuations of assets like Bitcoin, stablecoins have shown stable growth and have become a cornerstone of industry development. Currently, the stablecoin volume on the TRON blockchain has exceeded $60 billion, with an increase of around $5 billion in the past month, and this growth trend continues.


Taking TRON as an example, the on-chain daily transaction volume of stablecoins has been steadily rising and is currently between $20 billion to $30 billion. The performance of USDT on TRON has been particularly stable and has continuously hit new highs. Justin Sun believes that this is due to the efficiency and stability of the TRON network, as well as the widespread acceptance and use of USDT globally. In the first quarter, TRON launched the upgraded decentralized stablecoin USDD, further enriching TRON's stablecoin ecosystem. Following the listing on Kraken last week, USDD has become more popular, with a market cap of $300 million.



Justin Sun believes that USDD, with its decentralized and trustworthy features, will continue to grow. Decentralization means that no single entity can control the issuance and management of USDD; users have complete control over their assets, which aligns with people's need for asset security and self-control. He expects that the market cap of USDT on TRON may reach around $100 billion this year, and USDD is expected to reach a scale of $1 billion. This forecast not only reflects Justin Sun's confidence in the TRON ecosystem but also demonstrates the significant position and tremendous potential of stablecoins in the cryptocurrency field.


Popularizing Blockchain Awareness, Driving Cryptocurrency Mass Adoption


When asked about the industry's bottlenecks, Justin Sun used his own experience to tell the story of giving a friend one Bitcoin in 2013, only for the friend to remember and cash out in 2025. This experience vividly reflects the public's lack of awareness of cryptocurrency. During that period, the price of cryptocurrency was extremely low, the value of one Bitcoin was negligible, the friend did not pay enough attention upon receiving it, and left it forgotten in a corner. By 2025, however, the price of Bitcoin had risen significantly, and the friend finally realized the value of that Bitcoin.


This event made Justin Sun deeply aware that one of the industry's key tasks is to popularize blockchain services and cryptocurrency knowledge to the public. He pointed out that many people still regard fiat currency as "real money" and overlook the actual value of cryptocurrency. In the traditional view of the public, fiat currency is endorsed by the government, with mandatory circulation and stability, while cryptocurrency is seen as a high-risk, unstable investment product. However, as cryptocurrency continues to develop and its application scenarios expand, the value of cryptocurrency as a new form of currency is gradually becoming more prominent.



Justin Sun believes that it is necessary to change people's traditional views on currency and money, making more people realize that cryptocurrency is also a form of "real money." Cryptocurrency features decentralization, anonymity, global circulation, etc., providing people with a more convenient, efficient, and secure payment and storage method. For example, in some cross-border payment scenarios, cryptocurrency can bypass the cumbersome procedures and high fees of traditional financial institutions, achieving fast and low-cost fund transfers. By popularizing blockchain knowledge and the advantages of cryptocurrency, the adoption and application of cryptocurrency among the public can be promoted, facilitating the healthy development of the cryptocurrency market.


Gasfree New Feature: Lowering the Barrier to Entry, Empowering Institutional Access


Addressing technical issues, Justin Sun introduced TRON's TRON's new Gasfree feature. This feature, developed over half a year, was officially released two weeks ago with a good user experience. In cryptocurrency transactions, Gas fees are the fees users need to pay for transactions to incentivize miners to process and validate transactions. However, there are certain challenges for ordinary users and institutions in paying and managing Gas fees.


Through the Gasfree new feature, users can generate a mirror address to receive USDT keys regardless of how many addresses they have, and the fee can be directly deducted from USDT, eliminating concerns about operational errors. This feature greatly simplifies the transaction process, lowering the barrier to entry. For regular users, there is no need to worry about calculating and paying Gas fees, just focus on the transaction itself. For institutions, the Gasfree feature provides a convenient solution for receiving stablecoins.


Many institutions are looking to integrate blockchain technology to achieve more efficient fund management and payment settlement, but they are hesitant to deal with cryptocurrency. Due to the significant price volatility of cryptocurrency, institutions are concerned about asset risks. Additionally, even when using cryptocurrency to pay Gas fees, it adds extra operational costs and complexity for some institutions. The Gasfree feature meets the needs of institutions, allowing them to send and receive funds using addresses without directly dealing with cryptocurrency, significantly reducing the entry barrier and helping drive more institutions to join the TRON ecosystem, promoting the broader application of blockchain technology.


Building a Better Ecosystem Emphasizes Security


Justin Sun emphasized that the ecosystem built by TRON has significant advantages over traditional finance. TRON's no KYC feature allows users to participate more freely in cryptocurrency transactions, protecting user privacy.


On TRON, users have full control over their assets, eliminating the risk of accounts being frozen and ensuring the security of users' assets.


Furthermore, TRON has introduced the unfreezable stablecoin USDD, providing a more secure and convenient way for users to store wealth. The decentralized nature of USDD means that no single entity can freeze or control user assets, allowing users to securely store wealth in USDD. However, Justin Sun also cautioned that due to users having 100% control and the autonomy of smart contracts, security cannot be ignored.


Events like Bybit's $1.5 billion loss due to a multi-signature smart contract vulnerability have sounded alarms for the industry. While multi-signature smart contracts require multiple signatures to complete transactions, enhancing security, vulnerabilities or improper operation can still lead to significant losses. Therefore, while enjoying the convenience brought by blockchain technology, security must be highly prioritized to prevent issues like hacking and key loss. Once a private key is lost or stolen, users lose control of their assets, resulting in irreversible losses.


In addition, Justin Sun mentioned that the company has implemented advanced security tools mandatory for every device and software within the company to address the risks of deepfake brought about by AI development. As AI technology advances, creating fake images, videos, etc., becomes easier, posing a potential threat to financial account security. For example, someone could utilize a forged AI video to reset someone's exchange account and steal funds. Enabling these technologies can enhance the security of devices and software, effectively mitigate such risks, and further emphasize the importance of security in the Web2 and Web3 domains.


During the roundtable discussion, Justin Sun shared profound insights and innovative practices on the development of cryptocurrency infrastructure, providing valuable thoughts and directions for the industry's advancement. He also showcased TRON's efforts in promoting cryptocurrency adoption and infrastructure development. It is believed that with the collective efforts of all parties, the cryptocurrency industry will embrace a brighter future.


It is reported that "BUIDL 2025" was held at the JW Marriott Hotel in Hong Kong by Foresight News in collaboration with The Block and Foresight Ventures. The event aims to build an efficient platform for collaboration and communication among global cryptocurrency practitioners through the strong influence of bilateral media in the East and the West. The conference brought together industry giants, unicorn startups, top VCs, renowned KOLs, and other leading figures from various fields to ignite the spark of creativity, illuminate the realm of ideas, and drive innovation and breakthroughs in the cryptocurrency industry.


This article is a contributed content and does not represent the views of BlockBeats.


Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia

举报 Correction/Report
This platform has fully integrated the Farcaster protocol. If you have a Farcaster account, you canLogin to comment
Choose Library
Add Library
Cancel
Finish
Add Library
Visible to myself only
Public
Save
Correction/Report
Submit