Crypto News – As a result of apparent confidence in the Tron blockchain, the BTT token from BitTorrent, the file-sharing company that Tron acquired in 2018, more than quadrupled in value on Wednesday.
BitTorrent Cryptocurrency’s Value Doubles as Tron Reaches 200 Million Users
There doesn’t seem to be any significant event driving up the price of BTT, which is issued on the Tron blockchain, which just reached 200 million users. With cryptocurrencies like Ether (ETH) and Bitcoin (BTC) hitting 19-month highs, the move coincides with a general upswing in the cryptocurrency industry.
Following a post on X by Justin Sun, the inventor of Tron, who claimed that the blockchain had 200 million users, BTT saw a sharp increase.
This is not only a significant milestone but also a testament to our growing ecosystem,
Sun
BitTorrent Crypto Market Cap Increases to $725 Million
In terms of both users and TVL (total value locked), Tron is the second-largest blockchain behind Ethereum, with $8.2 billion across DeFi protocols. At the moment, the BitTorrent market cap is valued at $725 million. While daily trading volume rose by 41.81% to $255 million, it is significant to remember that, with $150,000 and $191,000 placed on either side of the order book, the market depth of 2% is still very modest.
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