The TRON network is beaming with user engagement. Based on on-chain statistics, the total number of addresses on the blockchain has surpassed 95 million. With this new feat, TRON has trounced other layer 1 networks like Cardano [ADA] and Avalanche [AVAX] in terms of its address growth. On the DeFi front, TVL on the chain has surpassed $23.4 billion, reflecting the growing strength of the TRX ecosystem.
The developments coincided with the recent unveiling of its Bitcoin layer 2 Roadmap by founder Justin Sun. With a plan to decentralize and intertwine with the Bitcoin network and its Layer 2s, this integration would facilitate access to over $55 billion in value for the Bitcoin network, thereby injecting financial vitality into TRON-focused projects.
Let’s make Bitcoin fun again! As the protocol behind the world’s largest stablecoin market, boasting $55 billion, and the decentralized finance Total Value Locked [TVL] of $22 billion, TRX is set to unveil its groundbreaking Bitcoin Layer 2 solution. This integration will not only link TRX directly with Bitcoin but also facilitate access to over $55 billion in value to the Bitcoin network.
According to the crypto entrepreneur, Bitcoin network-based assets would be expanded and bridged to TRON. “Efforts will be made to integrate various TRON tokens, including USDT, TRX, BTT, JST, SUN, NFT, WIN, and USDC, into the Bitcoin network via cross-chain technology. This will enable TRON’s tokens to interact and interoperate with the Bitcoin network seamlessly,” he wrote.
TRON: Ordinals, Bitcoin Layer 2, and More
Next on the roadmap are the investment initiatives by TRON DAO into ordinals and Bitcoin Layer 2 solutions to build a user-friendly wallet and tools to support BRC-20 tokens, signifying the DAO’s venture into ordinals and Bitcoin Layer 2 solutions.
Other notable plans include forging alliances that will facilitate users’ participation in restaking initiatives across major Bitcoin Layer 2 networks. The roadmap concludes with the launch of a new protocol that is compatible with BTC, aiming to maintain the speed and low fees of POS systems while ensuring the safety of POW & UTXO in conjunction with BTC L2.