cryptonews.net
The BTT token, native asset of the file-sharing platform BitTorrent has doubled in price amid news about the Tron blockchain. As it is known, the Tron project acquired BitTorrent in 2018.
The sharp rise of BTT proce came shortly after Tron founder Justin Sun posted on X (Twitter) that the blockchain had reached 200 million users: “This is not only a significant milestone but also a testament to our growing ecosystem.”
In addition to user growth, Tron is popular in DeFi, with a total value locked (TVL) of $8.2 billion. This makes it the second largest blockchain after Ethereum in terms of users and TVL — essentially these metrics demonstrate how much money is invested in a certain crypto ecosystem.
At the time of writing, BitTorrent’s market capitalization is approximately $720 million, and the asset ranks 76th in the overall crypto ranking by Coinmarketcap. Meanwhile, the daily trading volume increased almost 5 times and reached $350 million. After reaching annual peaks, the price of the asset rolled back by more than 15%.