Tron’s TRX now live on Ethereum via BitTorrent bridge, boosting DeFi access

Tron’s TRX now live on Ethereum via BitTorrent bridge, boosting DeFi access
фото показано с : cryptoslate.com

2023-6-2 19:34

Tron’s TRX is available on Ethereum (ETH) after leveraging BitTorrent (BTT) Bridge to gain access to the largest decentralized finance (DeFi) ecosystem in the industry.

In a May 2 tweet, Tron Network founder Justin Sun said TRX was “fully accessible within the Ethereum ecosystem” and included the contract address for the token.

TRX is Tron’s Network native token and, according to CryptoSlate data, ranks among the top 15 cryptocurrencies by market cap

The BitTorrent Bridge enables fast and easy movement of assets between Ethereum Virtual Machine (EVM)–compatible blockchains and Tron.

The move will further boost TRX’s liquidity and increase its use within DeFi protocols. Ethereum is the largest DeFi ecosystem, with the total value of assets locked in over 800 protocols at over $80 billion, according to DeFillama data.

Meanwhile, Tron has the second-highest TVL among blockchain networks, with $5.61 billion locked on 22 protocols.

CryptoSlate data shows that TRX is up 1.77% in the last 24 hours, trading at $0.07628 as of press time.

Tron’s daily transaction hits new high

On June 1, Sun tweeted that the Tron blockchain hit a new record high amount of daily transactions as it processed nearly 11 million transactions on May 31.

Source: Justin Sun

Sun said the milestone indicated the network’s growing popularity and widespread usage by the community. The crypto entrepreneur added that his team had set a new target of doubling this volume within the following year.

Sun said:

“This increase isn’t just a measure of quantity, but also a testament to the quality and efficiency of our network. The growth in transactions is expected to bolster protocol revenue, proving that TRON‘s fundamentals remain strong even in a challenging market.”

Tron has been involved in several activities to increase its usage since the beginning of the year. On May 7, the network urged meme coin developers to use its ecosystems to develop their tokens while offering up to $1 million in reimbursements for trading gas fees.

Earlier, the blockchain launched a $100 AI development million fund to encourage developers to create applications on its network using tools like OpenAI’s ChatGPT.

The post Tron’s TRX now live on Ethereum via BitTorrent bridge, boosting DeFi access appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3283.78 (-2.21%)
Объем 24H $47.943b
Изменеия 24h: 5.16 %, 7d: 7.13 %
Cегодня L: $3039.69 - H: $3364.01
Капитализация $395.458b Rank 2
Цена в час новости $ 1905.46 (72.34%)

ethereum trx tron defi access ecosystem bridge

Источник: cryptoslate.com

ethereum trx → Результатов: 126


Фото:

Tron (TRX) Is Now Accessible to Over 2.2 Million Businesses and Users through CoinPayments

The mood and feel in the crypto-verse this Friday the 24th of August is one of optimism as the SEC announced that it was reviewing all 9 Bitcoin backed ETF denials. The nine ETFs by ProShares, Direxion, and GraniteShares were rejected yesterday due to concerns about volatility and lack of a ‘significant size’ markets to […] The post Tron (TRX) Is Now Accessible to Over 2.

2018-8-24 12:40


Фото:

Tron (TRX) Enters Digital Democratic Era: Virtual Machine Alongside New Lottery Draw

More hopes await Tron (TRX) in the cryptoverse as the timeline of the altcoin is filled with sundry of colossal developments. While the Cryptocurrency has for some time been perfecting its Super Representative election to create an independent governance in its ecosystem, today, Justin Sun congratulated the 27 newly elected Super Representative, adding that Tron […] The post Tron (TRX) Enters Digital Democratic Era: Virtual Machine Alongside New Lottery Draw appeared first on Ethereum World News.

2018-8-24 16:04


Фото:

Nano (NANO) Now Accepted at the Bitcoin Superstore

On the 17th of August, Nano (NANO) became the 8th cryptocurrency supported by the Bitcoin Superstore. The full list of accepted cryptocurrencies is as follows: Bitcoin (BTC) Bitcoin Cash (BCH) Dash (DASH) Ethereum (ETH) Litecoin (LTC) Nano (NANO) Tron (TRX) XRP Customers of the Bitcoin Superstore can buy items from retailers such as Amazon, Alibaba, […] The post Nano (NANO) Now Accepted at the Bitcoin Superstore appeared first on Ethereum World News.

2018-8-21 19:02


Фото:

Tron (TRX) To Complete the Mainnet Upgrade on August 30th with The Final Virtual Machine Version

After Justin Sun and the Tron (TRX) Foundation launched the Testnet of the Tron Virtual Machine (TVM) on the 30th of June, Justin wrote an open letter to the Tron Community explaining that the final part of the Mainnet will be completed on the 30th of August when the Foundation launches the official version of […] The post Tron (TRX) To Complete the Mainnet Upgrade on August 30th with The Final Virtual Machine Version appeared first on Ethereum World News.

2018-8-18 17:38


Фото:

Japan’s Biggest Chat App Line Expands Cryptocurrency Offering

Line Corporation, a Japanese Internet firm and the operator of the country’s most popular messaging app, has added Tron (TRX) to its cryptocurrency exchange platform Bitbox. Tron is the first crypto-token to pass the review process by the Bitbox open-listing committee and joins other cryptocurrencies already available in the platform including Bitcoin, Ethereum, Litecoin, Ripple, […] The post Japan’s Biggest Chat App Line Expands Cryptocurrency Offering appeared first on Coinjournal.

2018-8-17 00:24


Tron лучше Ethereum?

О стартапе TRON всерьез заговорили после успешно проведенного ICO в сентябре 2017 года, когда ему удалось собрать $70 миллионов в течение всего нескольких дней. Сегодня токен проекта, TRX, торгуется практически на всех основных биржах и стремится в первую десятку криптовалют по капитализации, а основатель TRON Джастин Сан не прекращает называть свой проект скорым сменщиком Ethereum.

2018-8-15 07:30


Фото:

Here are 3 More Cases of Tron (TRX) Adoption and How the Tron Community Is Helping

Less than 2 weeks ago, Ethereum World News had highlighted 4 cases of how Tron (TRX) was leading the way in crypto adoption. They included the following businesses and individuals that accepted TRX as a form of payment: Live Capital Funding, Philadelphia, PA, USA Windsor Medical Center, New Jersey, NJ, USA Ramp and Wrench Vehicle Servicing […] The post Here are 3 More Cases of Tron (TRX) Adoption and How the Tron Community Is Helping appeared first on Ethereum World News.

2018-8-3 11:20


Фото:

TRON (TRX) Price Slipping Despite TVM and BitTorrent Addition

TRON (TRX)–As the cryptocurrency markets continue to shed billions of dollars, TRON is the latest coin to suffer from a decrease in value despite positive development for the project. TRON Combining Cryptocurrency and Torrenting Last week, the TRON Foundation dropped a bombshell of an announcement that the cryptocurrency would be partnering with one of the […] The post TRON (TRX) Price Slipping Despite TVM and BitTorrent Addition appeared first on Ethereum World News.

2018-8-3 00:51


Фото:

Tron (TRX) Launches TronWallet Application for Android

TronWallet application for the Android system has been announced by TRON Foundation via the twitter page. The app is already on Google Play, while for iOS it is coming later on. TronWallet is now available on Android! Send, receive, freeze $TRX, vote for the Super Representatives, participate in token sales from your phone with this […] The post Tron (TRX) Launches TronWallet Application for Android appeared first on Ethereum World News.

2018-8-1 11:11


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Tron hits second-highest revenue as TRX gains momentum

Tron’s blockchain has seen remarkable progress, with its native token, TRX, surging to a yearly high as the network achieved its second-largest monthly revenue on record. Data from CryptoSlate shows that TRX reached $0.

TRON Network Sees Surge In Energy Capacity And Active Users As TRX Burn Continues

The amount of Energy on the TRON DAO network has doubled over the past three months, signaling increased capacity for smart contract activity. Energy is essential for executing smart contract transactions on TRON, and with more Energy available, the network can handle higher demand while mitigating cost spikes during periods […]