Coinspeaker
Tron Chain Records Landmark Achievement as BitTorrent’s BTT Token Doubles in Value
BTT, the native token of file-sharing platform BitTorrent has seen more than a 100% surge in its price within the last 24 hours. The price rise, which saw it breach $0.000001 for the first time since May 2022, however, may be linked to the current buzz around the Tron blockchain.
Tron acquired BitTorrent in 2018 and has since been issuing the token. However, recent reports that the Tron blockchain has hit 200 million users may just be the reason behind the price surge of the BTT token. The price gain followed shortly after Tron founder Justin Sun took to his X page to announce the development. In his post, Sun expressed that the 200 million users feat is a major milestone that is good enough proof of the consistent growth of the ecosystem.
Tron now has $8.2 billion in total value locked (TVL) across DeFi protocols. This makes it the second-largest blockchain in terms of users and TVL. The c
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