Thanks everybody to come to Token 2049. I don't even remember what year I attend this conference, but it's amazing to see Dubai has grown from zero to be one of the most prosperous crypto hubs today, which I think Tron arrived on this journey together with Dubai. Dubai now has become one of our most invested places and we will continue to do so. So let's check a little bit about TRON's progress recently. Recently we just surpassed 300 million users. Now it's 302 million user accounts on the blockchain and over around 20 to 30 billion US dollar settlement every day. Mostly is stablecoin but also some with our ecosystem token and all the tokens issuing on Tron. Tron is also one of the leading blockchains in terms of stablecoin transactions. In 2022 alone, Tron generated around 2.2 billion dollars in revenue, a 115% increase over 2023. For this year, even right now we are only at Q2 but still we are seeing huge progress we are making in Q1. I think 2025 will still be a very big year for TRON ecosystem. Currently the network averages 8 million daily transactions. Recently we have a huge milestone. The circulation supply of Tether USDT on Tron has surpassed 70 billion dollars. This is a very powerful reflection of the traffic and user trust on our blockchain. We have always put the user experience and the usage and the adoption on our priority. So I think USDT on Tron is definitely one of the demonstrations of this value. Also of course, Tron DeFi system also keeps growing. Last year we started to launch USDD, a decentralized stablecoin, and I'm very pleased we can deliver it in Q1. Only after 3 months we deliver it, right now the TVL has surpassed 400 million dollars and keeps growing. For USDD roadmap, we are thinking about rolling out the Ethereum version and Solana, BNB Chain as well, together with Tron blockchain. Our target for USDD, which is a decentralized stablecoin, is around 1 billion dollars market cap, which I think we can definitely get done within this year. Also, we would like to provide different selections for stablecoins for users on Tron. We have USDT of course, 70 billion, but later we will collaborate with USD1, which is presented by World Liberty Financial. I'm also one of the biggest investors of that project. Also, we have USDD, which is a decentralized smart contract stablecoin, you know, no one controls it, which I think will be a very good selection package for all the users on Tron. Also, we have lots of progress in terms of compliance and our government regulation efforts. Last year, Tron founded T3 FCU, which is the first private sector crime combat organization. We collaborate with DOJ and all the major law enforcement globally. Recently of course everybody sees the Spanish government combat illicit activity on the blockchain. We have frozen around 160 million dollars of the illicit usage of funds and returned it to the victims, which I think is extremely important. We use the data, Tron gave the data because it's transparent. Data is here, evidence is here, and TRM Labs provide the data support and the analytics support to the law enforcement, translate to the language they can understand. And of course Tether help us to identify the criminal addresses and we help them to raise the fund and get back for them. This is a very important effort and we will see more and more big exchange partners in the space will join T3 FCU. Also of course recently we have focused our collaboration on exchanges in the United States. I would like to feature our partner Kraken. We have launched with them lots of Tron ecosystem tokens including JST, SUN, WIN, NFT, USDD, and also SunPump, different memes, all on Kraken exchange. We will continue to collaborate with more US exchanges because we know this year is a very big year for crypto in the United States. Also I would like to talk a little bit about the stablecoin landscape overall. Stablecoin like USDT today has been the backbone and the fundamental layer for the digital assets industry. Today we have around 146 billion dollars stablecoin USDT and nearly around 50% circulating supply is running on Tron every day with around 30 billion dollars trading volume. So we believe scalability, security, and cheap gas fees is the key for customer choice. I assume today lots of audience today might use Tron as one of the ways they transact stablecoins. Also, this is our goal probably within this year, I think the stablecoin on Tron overall market cap will surpass 100 billion dollars. This is a very ambitious number but I think definitely we have a chance to achieve that. Also, I think I want to talk a little bit about the T3 FCU. Because this is also an effort not only with global law enforcement but also with US regulators. We help them to target the criminals internationally, which some of the, because cryptocurrency is a global settlement layer, the money moves around globally so it's very hard for law enforcement sometimes to identify and freeze the funds on time. So that's definitely, I think T3 FCU is a great help for all the law enforcement globally. And this year we also have a big plan for TRON ecosystem. For JST, like recently has been featured in Binance futures trading, is extremely popular. It's a TRON RV and maker. Basically SunSwap on the treasury today has over 100 million dollars and it will all come back, buyback JST token and goes to burn. Also at the same time, I think JustLend is the lending platform on Tron, has reached around 5 billion dollars market cap. And also USDD, which is growing exponentially without saying. And also for SunPump, is also creating lots of meme coins and lots of trading opportunities for everyone if they are interested to build on Tron. I think SunPump.io is definitely a good place to go. Also, I would like to talk about Tron community and Tron Super Representatives, which is the key of Tron ecosystem. Because myself is kind of famous. So when everybody talks about TRON, probably my name is the first to come to the mind. But actually I want to remind everybody, actually myself I don't run any nodes on Tron. So Tron is a decentralized network and actually the people who running the Tron network is all the Super Representatives. It's permissionless, like everyone can run Tron, right? It's just like Satoshi creates Bitcoin but he can do nothing about Bitcoin, you know, it's basically governed by all the miners community, like it belongs to everybody in the world. Tron Super Representatives, which is the people who really runs Tron network, has grown in the past years, which make Tron one of the most decentralized protocols in the world. We have all the major exchanges and organizations like Binance, like OKX, OK Japan, all running Tron metadata services. We also have cloud partners like Google Cloud running our services. And we also have Nansen, KuCoin, and recently of course we have P2P.org also join as Tron as a Super Representative to provide staking services for Tron. And I believe definitely in the future more institutions, exchanges will continue to be TRON Super Representatives. Also of course we have seen so many community members also running SRs, which is guarantee the decentralization of Tron network, which I believe is the most important thing for Tron ecosystem. As a founder, my job is just keep pushing the ecosystem to grow and I think our network is running by our partner in a very good way. Last year, I think Tron put together has settled around 5 trillion dollars in the whole year, which already surpassed Visa and Mastercard in terms of the settlement transaction. And I think in this year we definitely have a chance to get to around 7 trillion dollars in terms of the settlement. And all these efforts is thanks to our Super Representatives, which is very important for us. Also, I would like to mention a little bit about the breakthrough in the United States. Recently we filed Tron ETF S1 pending on SEC approval. Hopefully if we can get approval this year, it will be big news in the United States and I think everybody will enjoy trading Tron as an ETF in the US stock markets. In conclusion, I think in the US, Trump administration is taking steps to create a better and prosperous environment for the cryptocurrency industry. This is a sign that blockchain and digital assets are becoming bigger parts of the global digital economy. But this is just a beginning for myself. I will visit and spend more time in the United States in the future to encourage Tron development. And definitely I think this is definitely a good year to be in the United States and keep pushing Tron development in the US. Thanks everyone.
