{"id":582529,"date":"2023-06-02T13:13:59","date_gmt":"2023-06-02T12:13:59","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=582529"},"modified":"2023-06-02T13:19:00","modified_gmt":"2023-06-02T12:19:00","slug":"trx-expands-ethereum-bittorrent-bridge","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/trx-expands-ethereum-bittorrent-bridge\/","title":{"rendered":"Justin Sun&#8217;s TRX Expands To Ethereum Via BitTorrent Bridge"},"content":{"rendered":"\n<p>Summary: <\/p>\n\n\n\n<ul><li>Tron (TRX) is now fully accessible on crypto&#8217;s largest altcoin network Ethereum, founder Justin Sun tweeted on Friday.<\/li><li>The Tron blockchain is DeFi&#8217;s second biggest ecosystem with over $5.6 billion in total value locked and over 2.9 million active users, per DeFiLlama data.<\/li><li>Tron&#8217;s native asset TRX jumped 2% in price following Sun&#8217;s tweet about the Ethereum expansion via BitTorrent Bridge.<\/li><\/ul>\n\n\n\n<p>TRX, the native asset on the Tron blockchain founded by crypto mogul Justin Sun, is <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1664582616098705409\" data-type=\"URL\" data-id=\"https:\/\/twitter.com\/justinsuntron\/status\/1664582616098705409\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">expanding <\/a>on crypto&#8217;s largest altcoin network Ethereum. <\/p>\n\n\n\n<h2>TRX On Ethereum Via BitTorrent Bridge<\/h2>\n\n\n\n<p>Sun tweeted that Tron&#8217;s token &#8220;is now fully accessible within the Ethereum ecosystem&#8221;. The asset will use BitTorrent Bridge to expand its reach and boost Tron liquidity on Ethereum. Friday&#8217;s announcement provided a contract address for Tron users utilizing TRX on Ethereum&#8217;s blockchain. <\/p>\n\n\n\n<p>Tron&#8217;s native token is ranked in the top 100 cryptocurrencies at #12, per CoinMarketCap. The token&#8217;s market cap was above $8 billion as of the time of writing and boasted over $162 million in 24-hour trading volume. TRX&#8217;s price jumped 2% after Sun shared the news. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"1024\" height=\"417\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/TRXUSDT_2023-06-02_13-09-19-1024x417.png\" alt=\"\" class=\"wp-image-582532\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/TRXUSDT_2023-06-02_13-09-19-1024x417.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/TRXUSDT_2023-06-02_13-09-19-300x122.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/TRXUSDT_2023-06-02_13-09-19-770x314.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/TRXUSDT_2023-06-02_13-09-19-1536x626.png 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/TRXUSDT_2023-06-02_13-09-19-269x110.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/TRXUSDT_2023-06-02_13-09-19-746x304.png 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/TRXUSDT_2023-06-02_13-09-19-1376x560.png 1376w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/TRXUSDT_2023-06-02_13-09-19.png 1883w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><figcaption><strong><a href=\"https:\/\/www.tradingview.com\/symbols\/TRXUSDT\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.tradingview.com\/symbols\/TRXUSDT\/\" rel=\"noreferrer noopener\">TRX\/USDT by TradingView<\/a><\/strong><\/figcaption><\/figure>\n\n\n\n<p>Data also shows that Tron is somewhat of an authority in DeFi with the second-largest total value locked (TVL) worth $5.6 billion and over $45 billion in stablecoins. Only Ethereum $27 billion in TVL and $69 billion in stables ranks higher, <a href=\"https:\/\/defillama.com\/chain\/Tron?tvl=true\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/defillama.com\/chain\/Tron?tvl=true\" rel=\"noreferrer noopener nofollow\">DeFiLlama<\/a> shows. <\/p>\n\n\n\n<p>Developer activity on Tron seems to move at a modest pace compared to other top networks like Ethereum and Binance Smart Chain (BSC). 22 protocols run atop Tron&#8217;s network and JustLend dominates the TRX ecosystem accounting for over half of Tron&#8217;s TVL. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"1024\" height=\"484\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/Screenshot-132-1024x484.png\" alt=\"\" class=\"wp-image-582530\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/Screenshot-132-1024x484.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/Screenshot-132-300x142.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/Screenshot-132-770x364.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/Screenshot-132-269x127.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/Screenshot-132-746x352.png 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/06\/Screenshot-132.png 1078w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><figcaption><strong>Tron By DeFiLlama<\/strong><\/figcaption><\/figure>\n\n\n\n<h2>Sun Apes Into Memecoin <\/h2>\n\n\n\n<p>Justin Sun said he would trade memecoins and <a href=\"https:\/\/en.ethereumworldnews.com\/memecoin-frenzy-justin-sun-donate-profits\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/memecoin-frenzy-justin-sun-donate-profits\/\" rel=\"noreferrer noopener\">donate<\/a> the profits to charity amid a frenzy led by tokens like Pepe, a memecoin inspired by the popular &#8220;Pepe The Frog&#8221;. At the time, fees on marquee networks like Bitcoin and Ethereum hit ATHs as speculative traders aped into these memecoins. <\/p>\n\n\n\n<p>Though obviously risky, the trading trend may spotlight the gambling nature or &#8220;degenerate\/degen&#8221; side of the crypto community. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Tron (TRX) is now fully accessible on crypto&#8217;s largest altcoin network Ethereum, founder Justin Sun tweeted on Friday. The Tron blockchain is DeFi&#8217;s second biggest ecosystem with over $5.6 billion in total value locked and over 2.9 million active users, per DeFiLlama data. Tron&#8217;s native asset TRX jumped 2% in price following Sun&#8217;s tweet about the Ethereum expansion via BitTorrent Bridge. TRX, the native asset on the Tron blockchain founded by crypto mogul Justin Sun, is expanding on crypto&#8217;s [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":582533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,947,108120,2],"tags":[83,7092,7002,1255],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582529"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=582529"}],"version-history":[{"count":3,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582529\/revisions"}],"predecessor-version":[{"id":582535,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582529\/revisions\/582535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/582533"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=582529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=582529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=582529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}