Arbitrum DAO Tops the List of Richest Treasuries in Crypto – BSC NEWS

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The biggest DAO treasuries tend to be loaded with their own project tokens.
Money makes the world go round, and that’s true even for the world of Decentralized Autonomous Organizations (DAOs).
Revenues and funds from DAO protocols flow into the organization’s treasury, which can then be deployed in a variety of ways according to the will of the DAO. Like for any business-like organization, the DAO treasury is essential to growing the protocol, supporting it through the rough times, nurturing new projects, rewarding stakeholders, paying team members, etc.
The crypto sector adds its own twist, as DAO treasuries can hold a variety of assets, including fiat equivalents, other cryptocurrencies and the project’s own token. Using stats from DefiLlama, let’s take a look at the richest DAO treasuries, in terms of total holdings and also focusing on stablecoins.
The richest treasury in crypto belongs to the Arbitrum DAO, which is flush after the launch of the Layer-2 Ethereum blockchain’s ARB token. In fact, the entirety of Arbitrum’s $4.23 billion treasury holdings are in $ARB – meaning the value of the DAO’s capital is volatile, potentially upwards or downwards.
The other richest treasuries on the list also have all or most of their holdings in their own tokens:
Now let’s look at holdings in terms of stablecoins, which have a predictable value of 1:1 $USD (unless, of course, there’s a catastrophic collapse or depegging, as in the case of TerraUSD).
The top stablecoin-holding treasury is a familiar name, BitDAO, a collective devoted to growing Decentralized Finance (DeFi). One BitDAO project, for example, is the nascent L2 blockchain Mantle.
BitDAO has adopted a relatively diversified portfolio of holdings, with $296 million in stablecoins ($USDC and $USDT) and just over $500 million in $ETH, along with its own $BIT.
Other treasuries with the largest amount of stablecoins include:
Having transitioned into a fully community-governed DAO, TRON is home to a thriving DeFi ecosystem, with nearly $7 billion in TVL.
In the rapidly evolving landscape of blockchain technology and decentralized applications (DApps), the TRON network stands as a beacon of innovation and progress. Founded in September 2017 by H.E. Justin Sun, TRON has consistently demonstrated its commitment to decentralizing the internet since the launch of its Mainnet in May 2018.
But TRON's journey goes far beyond its inception. In July 2018, the network made a significant leap forward by acquiring BitTorrent, a pioneer in decentralized services boasting nearly 100 million monthly active users. This strategic move seamlessly integrated BitTorrent into the TRON ecosystem, expanding its user base and solidifying its position in the decentralized space.
Furthermore. In April 2021, it surpassed Tether (USDT) on Ethereum to become the home of the largest global circulating supply of stablecoins. Then, in December 2021, the TRON network achieved a remarkable milestone by transitioning into a fully community-governed decentralized autonomous organization (DAO).
At the heart of TRON's ecosystem lies TRX, the network’s native token that serves as the foundational unit of account. All other coins on the TRON blockchain derive their value from TRX, fostering a seamless exchange of value within the ecosystem.
As TRON continues to evolve into a community-governed DAO, this article will delve into the intricacies of how TRON operates, some key metrics, thriving projects in the ecosystem, alongside the network's biggest updates in 2023. 
TRON operates through a purpose-built infrastructure comprising three layers: storage, core, and application. At the heart of the network lies the TRON Virtual Machine (TVM), a compact and Turing-complete virtual machine that allows for the creation of TRC-20 tokens, implemented via smart contracts that are fully compliant with the ERC-20 token standard. 
The core layer houses consensus mechanisms, account management, and smart contracts. TRON utilizes a consensus model known as Delegated Proof-of-Stake (DPoS). DPoS enables token holders to vote for delegates who wield decision-making power on network matters, creating a decentralized governance structure.
Twenty-seven super representatives (SRs) validate transactions and maintain transaction history, earning TRX coins for their services. New TRX blocks are added to the blockchain every three seconds, incentivizing block producers with 32 TRX coins.
TRON's stack-based virtual machine, written in Solidity and other advanced languages, enables developers to build a diverse range of decentralized applications (DApps) and unique wallets. This versatility extends to utility applications through the deployment and execution of smart contracts.
Notably, TRON's network features three node types: Witness, Full, and Solidity Nodes. Witness Nodes, engineered by SRs, steer proposal creation, voting, and block production. Full Nodes broadcast APIs, transactions, and blocks, while Solidity Nodes sync blocks and offer indexable APIs.
Earlier in January, the Tron network surpassed BNB Chain in terms of TVL, to become the third-largest blockchain outside of Ethereum and Bitcoin at the time. The achievement was notable, given that BNB Chain closely followed behind Ethereum for the major part of 2022.
According to data from DefiLlama, the TRON blockchain currently boasts a Total Value Locked (TVL) of $6.79 billion, marking its growing influence in the decentralized finance (DeFi) space. Alongside a trading volume of $2.04 million, the network has also generated over $1 million in fees, with approximately 4.96 million transactions processed in the past 24 hours.
Additionally, there were 1.31 million active addresses during this period, demonstrating a thriving user base participating in the TRON ecosystem.
Furthermore, the circulating supply of USDT (TRC20) issued by Tether on TRON network recently exceeded $44 billion. 
JustLend makes up a substantial part of TRON’s TVL, with an impressive $4.689 billion currently locked in the protocol. 
JustLend is the premier lending platform on TRON where users can borrow, lend, deposit assets, and earn interest. The TRON-powered money market protocol creates fund pools whose interest rates are determined by an algorithm based on the supply and demand of TRON assets. 
Among the myriad of projects contributing to TRON’s substantial TVL figure, JustLend is closely followed by TRX Staking Governance with $4.08 billion, with Just Cryptos on the third position with $3.15 billion in TVL. These numbers demonstrate the robust and ever-evolving DeFi landscape on TRON, setting the stage for continued growth and innovation in the blockchain industry.
Below are some of the most recent updates bringing a wave of excitement to the TRON ecosystem.
TRON was recently included in Google Cloud’s recent expansion of its BigQuery public datasets program. The expansion, which increases accessibility to the TRON network, allows users to effortlessly analyze onchain transaction histories.
#TRON has joined @googlecloud's expanding public blockchain datasets in #BigQuery.

🚀 Google Cloud’s BigQuery offers lightning-fast SQL queries, real-time data analysis, and seamless integration with data visualization tools.

With #TRON on board, our users can now analyze…
Earlier in August, the TRON Network officially joined the Japan Cryptoasset Business Association (JCBA) as an associate member- a move that highlights the network's commitment to fostering cooperation within the crypto industry in Japan and throughout Asia. JCBA is a Japanese organization dedicated to advancing the Web3 ecosystem. Its mission is to create a conducive environment for the development of digital assets, including cryptocurrencies, NFTs, and stablecoins. 
The TRON (TRX) ecosystem has continued to evolve in innovation and decentralization since its inception in 2017. With strategic acquisitions, a strong commitment to community governance, and a thriving DeFi landscape, TRON has established itself as a major player in the blockchain and DeFi space. As the network continues its evolution as a community-governed decentralized autonomous organization (DAO), its versatility, governance model, and diverse range of applications solidify its place among the top blockchain networks in the world.
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.

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