Financial services company Unlimit is partnering with the Tron blockchain to facilitate mass access to crypto platforms through low gas fees.
Integration with Justin Sun’s network will allow Unlimit users to access DeFi, GameFi and NFT services without worrying about on-chain fees.
As a reminder, Tron boasts the largest circulating supply of USDT on its own chain, accounting for 90% of the network’s energy usage.
Let’s see all the details below.
Summary
Unlimit Announces Strategic Partnership with Tron to Reduce the Cost of On-Chain Gas Fees
Unlimit, a global fintech company with a broad portfolio of financial services, is partnering with Tron to partnership aims to reduce gas fees.
The idea behind the collaboration between the parties is to provide easier access to DeFi, GameFi and NFT platforms in emerging markets.
Global fintech company #Unlimit is partnering with #TRON DAO to improve its #payment solution and facilitate access to #DeFi, #GameFi and #NFT platforms in emerging markets.#TRX pic.twitter.com/zEK6MfmMRG
— TONiSwiss TR🅾️N (@TONISwissTRON) December 11, 2024
Very often, these on-chain sector niches reflect the need for smart, cost-effective, fast and seamless operations.
For example, to fully explore the potential of blockchain gaming, it is important to have high transaction throughput and low gas fees.
Imagine having to spend tens of dollars on online fees while playing Fortnite or League of Legends: it would be very frustrating and limiting for many players.
Unlimit strives to facilitate mass access to web3 world using “Energy as a resource» Tron network service.
This is a shortcut for executing smart contracts and makes Tron even more gas-efficient.
Users can get the resource “energy“, placing a bet TRX token and use it later to interact with smart contracts.
The integration will allow individuals and businesses to use the Unlimit platform and benefit from on-net gas fees close to $0.
Note that Tron represents the second largest blockchain by transaction volume for a stablecoin with a resource capitalization of $60 billion.
It represents the key cryptographic infrastructure in various countries in Latin America, Africa, Central Asia and Southeast Asia, where there is a strong inflationary component of their respective fiat currencies.
As of November 2024, Tron boasts over 270 million active addresses with over 8 billion total transactions and over $16 billion in total value locked (TVL).
Plans for further expansion
The cooperation between Unlimit and Tron is based not only and exclusively on reducing the cost of network gas fees, but also looks to the future.
The head of the Unlimited division, Brian Feng, said in this regard that at this initial stage the goal is to reach as many users as possible.
In the short term, the focus is on facilitating access to web3 platforms in rapidly adopting countries such as Latin America.
Expanding his horizons, Feng seeks a stronger partnership with the Tron. Here are his words in the press release:
“Looking to the future, we aim to become the leading TRON provider, driving further adoption of TRON-based tokens and expanding our user base. We believe this partnership is an important next step in our mission to create a borderless world for inclusive payments, and we are excited about what we can achieve in unison.”
On the other hand, Sam Elfarra, a representative of the TRON DAO community, believes that this partnership can definitely increase activity within the network.
Tron will have a unique opportunity to demonstrate all its exciting capabilities to a wide audience. Elfarra reported below verbatim, commenting on the news:
“This collaboration is a big step forward in demonstrating the unique benefits of creating or integrating the TRON network. In addition, users and businesses interacting with the Unlimit platform will receive an on-chain gas fee of $0 or around $0, all thanks to the innovative resource model of the TRON network.”
In the coming months, Unlimit plans to explore the enormous potential of enabling seamless stablecoin transactions for populations in emerging markets.
Gas fees and grid energy: USDT transfers rule on Tron
When talking about Tron and gas fees, we can’t help but mention what a gas fee is. main use case for chainingresponsible for 90% of intranet commissions.
We are talking about USDT; the largest stablecoin in the crypto world, whose reserves were widely deployed on a crypto network owned by Justin Sun.
Do you think that blockchain is currently the second most traded USDT in the world? trails only Ethereum by just $2 billion.
From August 2022 to November 2024, Tron was the undisputed leader in this indicator.
Additionally, as mentioned, USDT plays a key role in Tron.
Before the emergence of the latest generation of blockchains among zk-rollups, sidechains and new high-performance L1s, Tron was famous for transferring stablecoins with a commission of $1.
Today, despite increased competition, it still manages to attract a significant number of remittances denominated in US dollars.
From 2022 to today, weekly consumption “energy”, reflecting the increasingly consistent use of the network by the public.
Parallel, USDT makes up more than 90% of this effort and accounts for the majority of gas tolls burned.
The remaining 7.3% of gas consumption comes from all other contracts used in DeFi Tron, such as JustLend, SunSwap, Just Stable, SUN, etc.
