Tron debuts on Ethereum, hits 1-year high: What next?

Tron's latest move could boost TRX's liquidity and help TRX holders to access the DeFi protocols functioning on the Ethereum ecosystem.

TRX enters a new universe

The move has the potential to boost TRX’s liquidity like never before. It can help TRX holders to access the wide array of decentralized finance protocols functioning on the Ethereum ecosystem. Similarly, Ethereum users will be able to utilize the bridged TRX token to access applications on the Tron network. This addresses one of the major issues with blockchains – lack of interoperability.

Recall that, Ethereum is the largest network for DeFi and dApps, with a total value locked of a staggering $27.04 billion at press time, according to data from Artemis. On the other hand, Tron, which comes second-best in the list, held assets worth $5.55 billion.The Tron network has been on a tear lately, witnessing a massive spike in network traffic. The chain hit a new record high in daily transactions, processing 11.47 million transactions on 2 June, as per Tronscan.

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