In summary:
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.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.
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.
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.