Lindsay Lohan’s connection with Bitcoin is over; it’s Tron’s time to step in.
Lindsay Lohan had been diving into DeFi in the past 24 hours, with Tron. Yesterday, actress and musical artist Lindsay Lohan discovered Bitcoin publicly. She auctioned off an Ethereum-based NFT on digital collectible marketplace Rarible after predicting and demanding, “Bitcoin to the moon.”
In the next 24 hours, several of her 8.4 million Twitter followers and assorted onlookers painstakingly pointed out that Bitcoin is not Ethereum, which is where the non-fungible token resides.
Along with a whole slew of decentralized finance (DeFi) applications that allow people to lend funds, earn interest, and swap assets without having to go through a financial institution.
And now Lohan gets it. She has been looking into the fantastic things that non-Blockchains have to offer, and she’s come away from a big fan of Tron.
Tron, led by wealthy founder and CEO Justin Sun, has positioned itself as an Ethereum competitor. Tron is proud of its ability to process around 100x more transactions at a time than Ethereum, no small feat as DeFi apps became increasingly popular.
The 66 Ethereum protocols and platforms tracked by DeFi Pulse currently have $40 billion in value locked into them, indicating how widely they’re used. That represents a record and a 100% increase since the first week of January.
“We are creating the same kind of DeFi ecosystem as Ethereum,” Sun told the LA Blockchain Summit. “All the Ethereum network products, you can see the same version of Tron products. For example, the MakerDAO on Tron is called JustStable, created by the JUST team. And UniSwap is called JustSwap.”
Considering that Tron is in decline, according to a recent report by VC firm Outlier Ventures.
Tron had a net loss of core developers from the previous year, a sign that its offerings are not translating to increasing interest in the network.
Furthermore, Sun and Tron have attracted much attention for several wrong reasons. Sun has been accused of plagiarizing from the Ethereum whitepaper; Bram Cohen, who created BitTorrent, which Tron bought, accused Sun of confining payment for the acquisition. And an expose in September 2020 ripped Sun as a crypto tyrant with interviews with anonymous employees.
Tron’s marketing emphasis has several people wondering if Lohan has been paid for the post. If she didn’t get something before, and she might in the future: Justin responded to her tweet by asking for her address.
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