TRX token has been launched on the Ethereum network using the BitTorrent bridge

The initiative will contribute to increasing the liquidity of the native token of the TRON blockchain

02.06.2023 - 16:30

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What’s new? On June 2, TRON blockchain founder and Huobi exchange CEO Justin Sun announced that the native token TRX is “now fully accessible within the Ethereum ecosystem.” The asset will use the BitTorrent bridge to extend the reach and liquidity of TRON on Ethereum. On his Twitter account, Sun also posted the contract address for TRON users using TRX on the Ethereum blockchain.

#TRON (#TRX) has now expanded its reach by going live on the #Ethereum blockchain by leveraging the #BitTorrent bridge . With the contract address 0x50327c6c5a14dcade707abad2e27eb517df87ab5, #TRX is now fully accessible within the Ethereum ecosystem. — H.E. Justin Sun 孙宇晨 (@justinsuntron) June 2, 2023

What is known about TRX? TRON’s native token ranks 12th in the cryptocurrency ranking with a capitalization of $6,89 billion and is trading at $0,07624 on Binance, having gained 1,71% overnight.

On April 18, the US arm of Binance delisted TRX without specifying the reasons. The asset reacted to the news with a 5% drop.

On April 27, Sun hinted that TRON may soon be launching a stablecoin pegged to the Hong Kong dollar rate. In late May, Huobi opened trading in a limited number of digital assets to Hong Kong customers. The exchange launched a FireCoin branch, where operations are available with such cryptocurrencies as BTC, ETH, TRX, LTC, BCH, DOGE, SHIB, BTT, SOL, and ADA.