- Tron’s ecosystem is doing well as the number of active users soared to 200 million.
- The milestone triggered a major bull run among tokens like NFT, BTT, and WIN.
- This explains why ApeNFT, BitTorrent, and WINKLink tokens jumped.
The crypto industry has done well this week as investors embraced a risk-on sentiment. A look at the crypto fear and greed index shows that it has jumped to over 76, meaning that investors are still greedy. Bitcoin has moved above $44k while the total market cap of all tokens has surged to over $1.6 trillion.
Three of the top-moving coins on Thursday are BitTorrent (BTT), ApeNFT (NFT), and WINKLink (WIN). BTT has more than doubled in the past 24 hours. Similarly, NFT price has jumped by over 38% in the past 24 hours while WIN has risen by 20%. And this rally is being supported with high-volume.
The main reason why the three have surged is because they are part of Justin Sun’s Tron ecosystem, which is doing well. In a statement on Wednesday, Sun noted that the Tron ecosystem had achieved over 200 million users, making it one of the biggest players in the industry.
There are other signs that the ecosystem is doing well. For example, Tron is the second-biggest player in the DeFi industry with over $8 billion in assets. It has become way much bigger than other chains like BNB Chain, Polygon, Arbitrum, Polygon, and Avalanche, combined.
Further, Tron is the second-biggest player in the stablecoin industry. It holds over $48 billion in stablecoins, most of them being Tether, USD Coin, and USDD. This trend will likely continue growing in the long-term. Most importantly, Tron is the second most profitable company in the blockchain industry. Data by TokenTerminal shows that the daily cumulative fees in the past 180 days stood at over $527 million.
Therefore, BTT, NFT, and WIN prices are soaring because of their association with Tron. BitTorrent (BTT) is a leading part of the ecosystem because its BTTC provides a link to most chains. It supports all EVM networks like Ethereum and BNB and it can handle over 7,000 transactions per second.
ApeNFT, on the other hand, is the biggest NFT marketplace in Tron. In the past few weeks, we have seen the total volume in the ecosystem rise.
WINKLink, on the other hand, is a leading oracle network for the Tron ecosystem. It is the second-biggest oracle in the world after Chainlinkas it helps to secure over $7.7 billion. It is much bigger than other networks like Chronical, Pyth, Twap, and Band Protocol.
