By Kenny S - Cryptocurrency Speculator - 06-09-2021
The cryptocurrency trading world has seen a massive spike in global interest over the last year. More non-investors have taken to the market to start investing in cryptocurrency. We are seeing more and more new coins being created and sold on major crypto exchange platforms in the crypto market. One specific category we see pop up more often is DeFi-based cryptocurrencies.
Hitting the crypto media in recent news is the DeFi project, TRON (TRX). Taking to the social media platform Twitter, the CEO of TRON, Justin Sun, posts a tweet to celebrate the Total Value Locked (TVL) on TRON. The CEO thanked all contributors and investors of the DeFi cryptocurrency who helped TRON rise through the ranks.
Justin Sun stated that he believes TRON's TVL is actually worth more than $11 billion within a tweet. The DeFi project reached $11 billion as of September 6; despite the high accomplishment, the CEO believes the project can go higher. The TRON blockchain network itself is becoming very popular and gaining traction each day.
Within the TRON network, the ecosystem has been expanding into various side projects. One project, in particular, is the Sun network; while designed to work alongside the TRON protocol, this project helps DApps run on TRON with lower energy consumption and faster speed.
In a more recent project, TRON and BitTorrent (BTT) recently announced their collaboration in creating the BitTorrent Chain (BTTC). The networks plan to use this to build a cross-chain bridge for seamless asset transfers and data throughout multiple chains.