Tron founder Justin Sun claims Solana to support TRX soon

Add TechGaged as your preferred source on Google

See more TechGaged stories across Google News and Discover.

Add

Tron founder and CEO Justin Sun says TRX — the native token for the Tron blockchain — will soon be supported on the Solana network.

Sun mentioned this in a tweet on 18 March, to the delight of many of his followers who are also likely Tron users and TRX holders.

Collaboration in competition

Sun is known for his fierce competition against EThereum, the first PoS network, as well as the network upon which Tron launched initially. 

Currently, Tron is one of the top proof-of-stake (PoS) blockchain networks in the crypto space, and so is Solana. This means that the two blockchains are in a competitive race both with each other and with Ethereum.

However, the CEO says he’s ready to collaborate despite the competition, which is a commendable move aimed at increasing TRX’s reach and availability.

By making the token available on Solana, millions of crypto investors and traders who are loyal to the blockchain will be able to access it, giving it more utility.

This will be a major move because TRX token is currently only supported by the Tron network, and Solana will be the second network to support it.

Once the support is enabled, TRX holders will be able to send and receive the token through both the Tron and Solana blockchains, whichever is more convenient.

Adapting to demands

The Tron Foundation has been working to make sure that Tron and TRX become as usable as possible, which is why it isn’t a surprise that the token will soon be supported on Solana.

Just recently, Sun announced that the network was set to roll out gas-free USDT transactions. This means that those holding USDT on the Tron network won’t need to hold TRX for gas fees any longer.

Instead, the transaction fees will be charged in USDT, making it highly convenient for users. Already, Tron is the preferred network for USDT transactions because of the speed and low cost of transactions.