TRON Launches Strategic Partnership with Hydro Protocol, Creates All-New Status Quo for P2P Trading
TRON recently announced a strategic partnership with Hydro Protocol and will work closely on underlying technology, matching methods, transport protocol, and open source public blockchain. Both teams will strive to provide the industry with a secure and transparent experience, with cross-exchange liquidity.
Hydro provides a network transport protocol with open source middleware components that facilitate creation of high performance hybrid DEX. DDEX is the first demonstrative flagship hybrid decentralized exchange on top of Hydro. Hybrid technology makes DDEX capable of running a off-chain matching engine, match and settle trade at 50 times the speed of previous generation decentralized exchanges. DDEX is currently the largest P2P trading platform on Ethereum, accounting for 25% of all P2P exchanges on Ethereum.
Justin Sun, founder of TRON, said, “In the blockchain world today, a centralized trading experience is still the status quo. Trading speed is the main impediment to a more secure P2P trading experience. Hydro is a great venture into the P2P trading field and has performed very well on DDEX. We look forward to working with Hydro to provide traders and industry players a premium P2P trading experience through the TRON network.”
Bowen Wang, co-founder of Hydro, says that as a new generation P2P trading protocol, Hydro Protocol has always paid special attention to development progress of VM-supported public blockchains and community scale. Hydro Protocol isn’t just limited to the Ethereum network — it will actively explore partnerships with next generation public blockchains.
According to sources, TRON mainnet will launch on May 31st GMT+8 and hold its first Super Representative Election on June 26. Hydro Protocol and TRON will explore possibilities for developing a P2P trading platform on the mainnet and fully utilize TRON’s high TPS and zero fee features to provide a better user experience.