{"id":79687,"date":"2023-06-03T11:19:37","date_gmt":"2023-06-03T08:19:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79687"},"modified":"2025-09-11T12:28:07","modified_gmt":"2025-09-11T09:28:07","slug":"trx-token-rises-10-amid-ethereum-network-launch","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/trx-token-rises-10-amid-ethereum-network-launch\/","title":{"rendered":"TRX token rises 10% amid Ethereum network launch"},"content":{"rendered":"<p>TRON founder Justin Sun announced that the project\u2019s native token TRX has become available on the Ethereum blockchain thanks to the BitTorrent bridge.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/TRON?src=hash&#038;ref_src=twsrc%5Etfw\">#TRON<\/a> (<a href=\"https:\/\/twitter.com\/hashtag\/TRX?src=hash&#038;ref_src=twsrc%5Etfw\">#TRX<\/a>) has now expanded its reach by going live on the <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> blockchain by leveraging the <a href=\"https:\/\/twitter.com\/hashtag\/BitTorrent?src=hash&#038;ref_src=twsrc%5Etfw\">#BitTorrent<\/a> bridge . With the contract address 0x50327c6c5a14dcade707abad2e27eb517df87ab5, <a href=\"https:\/\/twitter.com\/hashtag\/TRX?src=hash&#038;ref_src=twsrc%5Etfw\">#TRX<\/a> is now fully accessible within the Ethereum ecosystem.<\/p>\n<p>\u2014 H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1664582616098705409?ref_src=twsrc%5Etfw\">June 2, 2023<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTRON (TRX) has expanded its reach by launching on the Ethereum blockchain via the BitTorrent bridge. With the address 0x50327c6c5a14dcade707abad2e27eb517df87ab5, TRX is now fully accessible within the Ethereum ecosystem,\u201d Sun wrote.<\/p>\n<\/blockquote>\n<p>TRX rose 10% in 24 hours. The asset price surpassed the $0.08 mark.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-06-03-v-11.00.02-1024x640.png\" alt=\"Snimok-ekrana-2023-06-03-v-11.00.02\" class=\"wp-image-208360\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-06-03-v-11.00.02-1024x640.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-06-03-v-11.00.02-300x188.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-06-03-v-11.00.02-768x480.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-06-03-v-11.00.02-1536x960.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-06-03-v-11.00.02-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of TRX\/USDT on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/TRXUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/tron\">CoinGecko<\/a>, the token ranks 12th by market capitalization, with a market cap of nearly $7.6 billion.<\/p>\n<p>On June 1, Sun announced that the daily number of transactions in the TRON network had hit a new record high, reaching 10,935,762.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Despite the crypto winter, <a href=\"https:\/\/twitter.com\/hashtag\/TRON?src=hash&#038;ref_src=twsrc%5Etfw\">#TRON<\/a> continues to defy expectations, posting impressive growth. The network hit a new record high in daily transactions just yesterday, with a 10,935,762 transactions processed. <a href=\"https:\/\/t.co\/Unn45CCUvg\">pic.twitter.com\/Unn45CCUvg<\/a><\/p>\n<p>\u2014 H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1664105903958941699?ref_src=twsrc%5Etfw\">June 1, 2023<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cDespite the crypto winter, TRON continues to defy expectations, posting impressive growth. \u2026 The new milestone underscores growing popularity and broad use of the TRON protocol,\u201d he wrote.<\/p>\n<\/blockquote>\n<p>Sun said the team has set an \u201cambitious goal\u201d for the coming year: to double the network&#8217;s transaction volume.<\/p>\n<p>In April, the U.S. arm of the cryptocurrency exchange Binance <a href=\"https:\/\/forklog.com\/en\/news\/binance-us-to-delist-trx-token\">announced<\/a> the delisting of the TRX token from its platform, effective April 18, 2023.<\/p>\n<p>In the same month, <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> <a href=\"https:\/\/forklog.com\/en\/news\/justin-sun-summoned-to-court-in-tron-case\">filed suit<\/a> against Sun following charges brought in March of an unregistered securities offering. The matter concerns the TRX and BTT tokens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron founder Justin Sun announced that the project\u2019s native TRX token has become available on the Ethereum blockchain thanks to the BitTorrent bridge.<\/p>\n","protected":false},"author":1,"featured_media":79688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[980,1302,951],"class_list":["post-79687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bittorrent","tag-justin-sun","tag-tron"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=79687"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79687\/revisions"}],"predecessor-version":[{"id":79689,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/79687\/revisions\/79689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/79688"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=79687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=79687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=79687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}