The fact that some of the rewards are given in Tron on Steemit helped me get to know the Tron ecosystem. Although not as popular as Ethereum, Cardano, and Solana, Tron is an important smart contract blockchain. It was first released in 2017, and at that time it made a serious impact in the crypto market. Similar to Steem, Tron works with the Delegated Proof Of Stake consensus algorithm. This makes low-cost transactions possible compared to Bitcoin and Ethereum networks.

Tron is one of the few coins that can keep its place in the top 50 for several years. Again, unlike many of its peers, it has also been able to maintain its value based on Bitcoin. It is possible to examine the situation in the chart below.

Although it could not maintain its initial momentum, it had a stable performance based on Bitcoin price in the last 2 years. It can even be argued that since the Tron cryptocurrency creates yield, it performed better than Bitcoin. In this context, Justin Sun has shown successful leadership.

The Tron ecosystem has notable applications in each of the popular categories such as DEFI, NFT, Media, and High-Risk.

DEFI

JustSwap is the undisputed flagship of the Tron dapp ecosystem, with over 100,000 monthly users. Tron's Defi concept has similarities with Ethereum and BSC networks. To benefit from Defi applications on the Tron network, a wallet named Tronlink is used instead of Metamask. Uniswap and Pancakeswasp's counterpart on the Tron network is JustSwap. To transact on the Tron network, it is necessary to have TRX. By the way, we can define our Tron accounts, which are combined with our Steem accounts, as the main account in Tronlink. The returns on the liquidity pools on Justswap are quite low. This shows that there is a great interest in pools. I have still invested a small amount in the Ethereum-Tron liquidity pool. I get a 22% annual Tron return on my investment.

In fact, it was because of the https://peanut.nutbox.io/ app that I became so involved with the Tron network. Peanut is a Tron network token, obtained by delegating Steem on the app.

NFTs

According to Dappradar data, 2 of the 3 Collectibles apps with the most users operate on the Tron network. The first is Tpunks, which reminds me of Ethereum's CryptoPunks collection, and the other is Bored Ape Yacht Club Tron.

Just like Ethereum's Punks, Tpunks includes some pretty cute characters. This 10,000-piece collection includes 9 aliens, 24 monkeys, 88 zombies, and 11 Justin Suns.

Similar to the Ethereum-based Bored Apes Yacht Club, Tron's bored monkeys also have mutated versions.

High Risk

One of the areas where Tron is strongest is the High-Risk category. According to Dappradar data, 4 of the applications that are in the top ten of this category are on the Tron network. (Source: https://dappradar.com/rankings/category/high-risk)

High-risk applications provide users with the crypto of the network they are working on, with the logic of "early comers win". In these applications, we cannot withdraw our principal after depositing once. In return, they promise a daily return of 2%-3%. When the flow of money into the system slows down, the daily rate of return decreases. The difference between these practices from the Ponzi schemes is that they are much more transparent and that those who set up the system are less likely to display arbitrary behavior.

Media

Tron took over Steemit last year, which resulted in some members of the community leaving and establishing the Hive blockchain. Towards the end of 2020, Steem Tron integration was completed and Steem posts started to bring Tron rewards as well as Steem and SBD.

One of the important pillars of Tron's media ecosystem is Bittorent. Bittorent is a peer-to-peer protocol for users to transfer files around the world. With a market capitalization of $2.4 billion, it ranks 61st among all coins.

Conclusion

The Tron ecosystem, which adapts quickly to the trends in the blockchain world, has a presence in the areas such as stable coin and gambling, as well as the above-mentioned areas.

As a result, I do not sell both the Trons I earned from Steemit and the coins I earned through Nutbox, and I invest them on the Justswap application. Such an approach also fits well with my strategy of spreading my crypto investments across various ecosystems, thus being less vulnerable to potential security risks.

Thank you for reading.

Cover Image created by @muratkbesiroglu