What is Wrapped TRX (WTRX)?
Wrapped TRON (WTRX) is a TRC20 token that represents TRON (TRX) on the TRON blockchain. Launched to provide compatibility with Ethereum’s ERC20 standard, WTRX enables TRX holders to interact with DeFi applications on the Ethereum network. It represents a bridge between the TRON and Ethereum ecosystems, enhancing interoperability and access to Ethereum’s expansive DeFi ecosystem.
WTRX allows users to leverage the advantages of TRX, such as high transaction throughput and scalability, within Ethereum’s DeFi applications. This cross-chain integration exemplifies the growing trend of interoperability in the blockchain space, expanding the functionality and utility of existing blockchain assets.