In summary:
- Tron’s JustSwap was launched on the 18th of August.
- The majority of JustSwap’s trade volume was in the first 24hrs by handling 33,169 transactions.
- However, the JustSwap team discovered fake tokens on the platform forcing them to whitelist projects.
- In 5 days, JustSwap has handled over $20 Million in trade volume.
The JustSwap decentralized token exchange platform was launched on the 18th of August and within the first 24hrs, the Just team had recorded an impressive $10 Million in trade volume. However, the team at Just discovered that some unscrupulous individuals were listing fake tokens on JustSwap. As a result, the JustSwap team has implemented a whitelisting process that will weed out fake tokens on the platform.
JustSwap Hits 33,169 Txns in 24 Hours
By the second day, JustSwap had handled an impressive 33,169 transactions. Justin Sun was quick to point out that such a number meant that JustSwap was unofficially ranked number 2 with Uniswap taking the top spot. He made these comments via Twitter and provided an image for comparison purposes.
The first 24H TXS of #JUSTSWAP was 33,169, making it No. 2 in the world next only to Uniswap V2, and almost 5X that of Balancer. How many days will it to become the No. 1? #TRON $TRX #JUST $JST @DeFi_JUST pic.twitter.com/KC8X0ZLrjG
— Justin Sun (@justinsuntron) August 20, 2020
Over $20 Million in Trade Volume Handled
JustSwap has since reached $20 Million in trade volume since its launch on the 18th of August. The team at JustSwap made the announcement earlier today via the following Tweet.
#JustSwap in 5 days reached a mark of 20Million Dollars in Volume!??????#JustSwap #TRON #JUST pic.twitter.com/jQZaa0qYy1
— JUST (@DeFi_JUST) August 22, 2020
Justin’s Commitment to Go All-in on DeFI
The success of JustSwap in such a short time period follows Justin Sun’s commitment to go all-in on DeFi. Mr. Sun believes that DeFi projects on the Tron network will revolutionize Decentralized Finance. He expressed this vision via a recent letter to Tron and Just (JST) community members which stated the following.
We’ve accomplished in a dozen hours what Uniswap took a dozen months to achieve. It is no mean feat for a newly-launched AMM DeFi product. Moreover, the TRON-powered JustSwap offers far better trading experience than Uniswap. Users who have tried it out last night would agree with that.
TRON and Just team are going All-In on the DeFi ecosystem. We will not back down until we see the decentralized financial revolution end in triumph. I have faith that as long as we race against time and keep upgrading our products, JustSwap will one day become the powerhouse of 100x cryptos and TRON will build a DeFi protocol that parallels Ethereum’s.
