Tron CEO Justin Sun pointed out that there are 3,000 Wrapped BTC on Tron.
The announcement comes as bitcoin surpasses $ 11,000 for the third time this year.
Meanwhile, Sun has been using DeFi to promote Tron for months, and it has paid off.
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Tron CEO Justin Sun pointed out that there are 3,000 Wrapped Bitcoin, or wrapped bitcoins, on Tron. It comes as bitcoin surpasses $ 11,000 for the third time this year. But does Tron have a future as an anti-Eth app?
Sun is known as a great marketer, having launched a decentralized exchange on Profit Revolution app after the take-off of Ethereum-based Uniswap. Weeks later, after the success of yield tokens and the like, he launched a similar token called the Sun.
Justin: 3000 #Bitcoin on #TRON! 838 hodlers and 8,128 Txns! Get #Bitcoin on #TRON at @Poloniex! If you would like to support the #BTC, contact our team as soon as possible!
Mikel: Packing BTC on Tron or any other non-native network doesn’t make sense.
On October 10, when Sun tweeted that Tron’s Wrapped Bitcoin was growing in popularity, he received skeptical responses. Mikel Roberts, an enthusiastic crypto supporter on Twitter, said the idea of a Tron wrapped BTC made no sense.
Sun has also reached out to users wishing to help promote BTC on TRX. Recently, Tron has enjoyed a huge increase in traffic, especially on decentralized applications .
Now, with over $ 616 million worth of BTC wrapped up on Ethereum, Sun is up to the task again. Just like using Wrapped BTC on Uniswap, someone could use it on Tron’s JustSwap as well.
Last week at Signal:
– Bitcoin wrapped in $ 616 million in September
– @chainlink with @BitGo audit reserves
– @renprotocol with @chainlink oracles
– @tezos used by a French city for voting
– ETH-SOL bridge without trust @solana
And @Square stacks 465,050 955,633 sats.
Sun has been using DeFi to promote Tron for months and it is paying off. Some see decentralized applications as a way to revolutionize the relationship of ordinary people with technology. The leader of this new wave is Ethereum, which has seen an incredible increase in its use in recent months.
Unfortunately for Ethereum, the astronomical fees caused by a saturated network with decentralized applications have led users to other networks to get their DeFi fix . This gave Tron the opportunity to stand out. But as ETH’s fees go down, the luster fades.