Tron’s DeFi will compete with Ethereum in Chinese, Indian markets. In a recent interview with Messari CEO Ryan Selkis, Tron’s Justin Sun discussed his company’s ambitions to be more competitive with Ethereum, while focusing on the platform’s own DeFi aspirations.
Ethereum, EOS, and Tron have been competing over decentralized applications or DApps. Tron was able to surpass EOS DApps for the first time last month, however, it continued to lag behind Ethereum’s dominance, with the total valued locked in DeFi apps in terms of Ethereum crossing $1 billion.
Sun said the platform would initially target the Asian market because of its massive engagement in the space. Japan and Korea are already active with Ethereum, he said, hence, the options on paper seem limited for Tron.
Sun also pointed out that due to misunderstandings in the past, Tron’s Weibo account had been shut down. However, there is a high possibility that it would re-open very soon as the platform continues to promote positive dialogue with the Chinese government and regulators. Tron has numerous users in China as well, with 17 million impressions accounted for during the latest Tron live stream, Sun claimed.
He also expanded on Tron’s expansion in India. According to Sun, BitTorrent’s popularity in the country would allow it to grow Tron’s user base. According to Sun, BTT has over 20-25 million users in India.