Justin Sun, the Tron (TRX) founder, has made announcements about introducing TRX to the Solana (SOL) network.
In a post on X (formerly Twitter), Sun stated, “TRX will be soon on Solana. Ready to buy and collaborate.” However, he did not provide details on how this integration will work.
Justin Sun on TRX and Solana, Source: X
The TRX integration with Solana could simplify cross-chain transactions with SOL and trending memecoins. Leveraging Solana’s fast, low-cost network, users may swap assets seamlessly without intermediaries.
This could enhance liquidity, boost trading, and attract more users. TRX may also enter Solana’s DeFi ecosystem for lending, borrowing, and trading.
TRON has been gaining traction, with a higher number of active addresses than months before. The price of TRX has also risen by around 5% over the last 24 hours to approximately $0.22. TRON’s other main objective is to provide fee-less stablecoin transactions, and cooperation with Solana would serve that purpose well.
However, there are questions regarding how exactly this will happen. It’s not certain whether TRX will be launched as a wrapped token, via bridge, or by some other mechanism. Traders are also concerned about imposter TRX tokens popping up on Solana ahead of the real launch.
Meanwhile, Solana has also been under the limelight for another reason. The project recently posted an ad that was roundly condemned for tackling gender-related issues in a contentious manner. The ad was removed following criticism from the crypto community, including former members of the Solana Foundation.
