Analysts highlighted the token, which grew by 190% over the week, outperforming bitcoin

The native token of the world’s largest torrent tracker BitTorrent became the growth leader last week. BTT managed to rise in price by 193%, outperforming bitcoin and major altcoins.

According to analysts, the significant growth of BTT is due to the increase in the number of users of the Tron blockchain, which is the fundamental platform for the token. Tron’s reaching of 200 million users has triggered positive market sentiment, which has contributed to BTT’s success. «This is not only an important milestone, but also a testament to our growing ecosystem,» Tron founder Justin Sun told X.

Tron currently holds $ 8.2 billion in total blocked value (TVL) across various decentralized finance (DeFi) protocols. This makes it the second blockchain by number of users and TVL is a key indicator of financial activity in the crypto ecosystem, right after Ethereum.

As for BitTorrent, the token’s market capitalization is currently $ 1.3 billion, with a trading volume of $ 482 million over the past 24 hours. In addition to a 193% weekly increase, BTT has managed to rise by 219% over the past 14 days, 203% over the past month, and 113.9% over the past year.