Tron ‘s TRX is now live on Ethereum via BitTorrent bridge.

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By Degen Lipsa

The Tron team is delivering new advancements to its ecosystem to increase the use and adoption of the blockchain network and the DeFi space.

After utilising the BitTorrent (BTT) Bridge to get access to the largest decentralised finance (DeFi) ecosystem in the market, Tron’s TRX is now available on Ethereum (ETH).

Justin Sun, the founder of Tron Network, stated in a tweet on June 2 that TRX was “fully accessible within the Ethereum ecosystem” and provided the token’s contract address.

The tweet not only stated us about the expansion and it’s access on the Ethereum blockchain via the BitTorrent bridge but also stated that TRON’s presence on the Ethereum network is represented by the contract address “0x50327c6c5a14dcade707abad2e27eb517df87ab5”.

The integration of Tron onto the Ethereum blockchain marks a significant development in the platform’s growth and development. One of the biggest and most often used blockchains is Ethereum. It does, however, host a wide-ranging and sizable network of decentralised apps (dApps). The exposure and usability of the platform might be considerably improved by integrating TRON into this ecosystem.

According to data from DeFiLlama, Tron is currently the second-largest chain in terms of Total Value Locked (TVL), with a significant $5.6 billion worth of assets locked across 22 protocols. However, there is still a lot of work to cross when compared to Ethereum’s TVL, which is over $27 billion.

TRX’s liquidity is anticipated to rise once BitTorrent Bridge becomes online on Ethereum. Furthermore, it is predicted that this tactical move would encourage Tron’s general growth within the DeFi ecosystem.

The network has a long way to go in comparison to rival networks, despite Tron’s TVL and protocol figures appearing to be strong. BNB Smart Chain, Polygon, and Arbitrum are among of the rivals that use the 606, 425, and 346 protocols.

Despite this, Tron decided to use BitTorrent Bridge to interact with Ethereum. It’s a hint that Tron is committed to fostering interoperability, which is crucial in the fast changing DeFi landscape.

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