MyTonWallet, a wallet application native to The Open Network blockchain, has recently added support for Tron. This update was announced on September 23, highlighting that users can now access TronDAO assets via its interface. Specifically, MyTonWallet now supports Tron (TRX) and Tether (USDT) on Tron.

Multi-Chain Wallet Features

A multi-chain wallet allows users to track their balances, check transaction history, and send or transfer assets on both TON and Tron. The self-custodial wallet’s expansion to Tron comes as both the TON and Tron blockchain networks experience significant development and adoption.

With the ecosystems’ tap-to-earn models and meme coin trajectories on the rise, the integration could help bring more interoperability across the two chains.

Toncoin’s Role in the Ecosystem

Toncoin (TON), the native cryptocurrency in the TON ecosystem, is used for network operations and functions as a payment and transaction currency. Decentralized finance, gaming, and non-fungible tokens on TON rely on the cryptocurrency, while holders can trade or swap tokens on decentralized exchanges.

USDT on TON is another asset that the Telegram-linked project is leveraging for growth across its DeFi ecosystem. On September 6, the TON team announced fresh support for the project’s burgeoning market with a $5 million incentive program.

Incentive Program for Decentralized Exchanges

The program aims to bolster USDT use on TON-based decentralized exchanges, such as DeDust and STON.fi. Liquid staking protocols like Bemo and Tonstakers are also set to benefit from the initiative.

“A multi-chain wallet allows users to track their balances, check transaction history, and send or transfer assets on both TON and Tron.”

Encouraging interoperability and ease of use, these developments are poised to attract more users to both blockchain ecosystems. Stay updated with the latest developments in the crypto world by following Global Crypto News.

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