Justin Sun Reveals Plan To Integrate TRX On Solana
Highlights
- Justin Sun has disclosed plans to bring TRX to the Solana blockchain.
- His announcement did not contain clear cut plans for the potential integration.
- Both SOL and TRX recorded only a bump following the disclosure.
Barely days after disclosing that TRX will reach a new all-time high, Justin Sun is setting things in motion. The Tron founder has hinted at an incoming integration of TRX on Solana, sparking industry-wide speculation over the mode of deployment.
TRX Is Coming To Solana
In an X post, Justin Sun announced that TRX will be coming to Solana’s blockchain in the coming weeks. While the statement did not contain a timeline or clear details, TRX and Solana communities are lapping up the announcement with glee.
“TRX will be soon on Solana. Ready to buy and collaborate,” wrote Sun on X.
Pundits are predicting a cross-chain bridge to bring TRX to Solana, leaning on a custom solution or existing offerings. Another cross-section of analysts is tipping the use of a wrapped TRX into a SOL-native token as an alternative.
While other options are in play, a cross-chain bridge is considered the most viable option for Justin Sun. The move follows Solana’s bridged assets from Ethereum, surpassing $314 million in the last 30 days.
For both communities, the integration is seen as a win given their individual capabilities. For starters, Solana’s performance can bring Tron closer to the goal of eliminating fees for stablecoin transactions while Solana will record a spike in activity from TRX’s deep user pool.
Both Ecosystems Are Sizzling With Activity
While the announcement did not trigger a rally for both SOL and TRX, both ecosystems are a beehive of activity. Justin Sun previously expressed confidence of TRX hitting an ATH in the future with active addresses reaching 3 million.
Solana, on the other hand, is reeling from the ripples of its fifth anniversary as it moves on from the failure of the SIMD-228 proposal. In more dour ecosystem news, Solana took down an advertisement over gender identity themes, sparking widespread criticisms.
Despite the outrage, SOL price is staging a recovery following CME Group’s launch of SOL futures while Tron continues to rack up network fee revenues.
- Pi Network Loses $18B Value in Six Months as Expert Warn of “Rug Pull” Risk
- Fed’s Jeffrey Schmid Signals Opposition to Further Rate Cuts With Inflation ‘Too High’
- IBIT Bitcoin ETF Becomes BlackRock’s Most Profitable Fund, Nears $100B Milestone
- Bitcoin Tops $126,000 as Market Prices In Three-Week U.S. Government Shutdown
- Paul Tudor Jones Predicts Explosive Bull Market Amid Bitcoin’s ‘Uptober’ Rally
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
