thenewscrypto.com
- Tron DAO has shared that it has partnered with Curve Finance.
- Tron DAO Venture has invested in Curve to extend its support beyond the collaboration.
TronDAO has partnered with the decentralized exchange Curve Finance. The partnership aims to provide assistance and strengthen the security measures of the Tron Network. Moreover, Tron DAO Venture, the investing arm of Tron DAO, has recently purchased $2 million worth of CRV tokens. And also, Curve will integrate with Tron and the BTTC network as part of the collaboration.
On August 22, Tron DAO announced its partnership with Curve Finance. As a part of this partnership, Cuve will launch on both, Tron and BTTC networks. Moreover, the integration with the Tron and BTTC networks is expected to fuel DeFi innovation, ecosystem expansion, and cross-chain growth. Through this collaboration, Tron plans to offer the most secure and cutting-edge products.
Tron Archived Significant Landmark
Curve Finance is a decentralized exchange (DEX) acclaimed for its automated market maker tailored for stablecoin trading. Currently, Curve is ranked as the world’s second-largest DEX. Recently, Curve Finance experienced a DeFi attack that resulted in a loss for the decentralized exchange.
Justin Sun, the founder of Tron, has expressed his support to Curve Finance after the incident, mentioning that Curve is an essential DeFi infrastructure for the blockchain sector. Tron DAO Venture has invested in Curve to extend its support beyond the collaboration and include solid financial backing. As of now, Curve is present on major blockchains, including Ethereum, Arbitrum, and Avalanche.
Adding to that, Tron revealed that the number of accounts crossed the 180 million mark and that there were more than 6 billion transactions on the Tron Network. The significant landmarks are a remarkable achievement for the Tron Network. With this, Tron strengthened itself as the leading player in DeFi innovation.
At the time of writing, CRV has been trading at $0.4552, with a decline of over 6.75% in the last 24 hours. However, the daily trading volume of CRV has experienced a surge of 50.40%. Moreover, TRX has been trading at $0.07487, with an increase of 0.31%, according to CoinMarketCap.