Tron (CRYPTO: TRX) recorded double-digit gains Tuesday after Justin Sun teased the coin's integration with the Solana (CRYPTO: SOL) blockchain.
What happened: The tenth-largest cryptocurrency popped over 10%, becoming the market's third-biggest gainer over the last 24 hours.
TRX reached a 10-day high of $0.24, while its trading volume jumped 54% to over $991 million in the 24-hour period.
TRX’s surge outperformed other large-cap cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE), which declined 0.58% and 0.26%, respectively.
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The positive momentum was imparted after Tron founder Justin Sun announced that TRX would have a Solana version.
"TRX will be soon on Solana. Ready to buy and collaborate," Sun said in an X post, piquing the interest of the cryptocurrency community.
As of this writing, it is unclear whether the integration will be performed using a wrapped version of TRX. Sun didn't immediately return Benzinga's request for additional information.
Why It Matters: Wrapped tokens are tokenized versions of cryptocurrencies operating on blockchains other than their original networks.
TRX was originally an Ethereum-based token, but it later transitioned to its own blockchain in 2018. Having a Solana version might potentially open up new avenues for decentralized finance and increase the coin's liquidity.
Price Action: At the time of writing, TRX was exchanging hands at $0.2425, up 10.16% in the last 24 hours, according to data from Benzinga Pro. Year-to-date, the coin was down 4.94%.
Photo Courtesy: ddRender on Shutterstock.com
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