Bittorrent [BTT] Enters the DeFi space and surpasses 2 billion installations
Bittorrent, owned by Justin Sun, the leading peer-to-peer products and protocols company, now entered the DeFi space through its alliance with JUST, a TRX-based lending platform launched by Poloniex.
BitTorrent's Twitter user ad the news on Tuesday, August 11. With this alliance, the BitTorrent $ BTT token will also be used as collateral on the JUST CDP portal to mint ONLY the USDJ stablecoin. The ad says:
“$ BTT becomes a JUST designated participating asset, which is an important milestone for BitTorrent to enter the Defi field. Now BitTorrent has reached a strategic alliance with DeFi JUST to build the best Defi projects on TRON.
Justin Sun is also enjoying some other great BitTorrent news. According to a ad Recently, the popular BitTorrent torrent client software on Windows, Mac and Android has surpassed 2 billion installs. In its Tweet, Sun said its next milestone was to have 7 million users on this platform. The JUST platform will also benefit from this milestone as it will bring 2 billion BitTorrent users to JUST.
Finally 2 billion! What's past is prologue. Our next milestone is to have 7 billion people in the world enjoy decentralized web and #Defi on #BTT!# 2BillionBitTorrent #BitTorrent $ BTT https://t.co/rKjALxToml
– Justin Sun (@justinsuntron) August 11, 2020
The company attributes the milestone to its classic desktop torrent clients, as well as its new web-based torrent player and downloader built for the age of streaming. To celebrate the achievement, the company is offering a 30% discount on all Windows Pro products for a limited time.
BitTorrent, founded in 2004, is one of the most popular peer-based technology companies, acquired by the Tron Foundation in July 2025 in a deal worth $ 126 million. The highlight of the BitTorrent evolution is the BitTorrent File System (BTFS), a decentralized file storage system built for web3. BTFS launched in June 2020 with a new mining model. This mining model is called the IPFS model and has a mixed consensus mechanism that uses Proof of Replication with Proof of Space-Time.
Justin Sun, founder of TRON and CEO of BitTorrent, commented:
“Nearly two decades ago, BitTorrent made the dream of decentralized file transfer a reality, thereby changing the world and positively impacting the lives of people everywhere. Today we celebrate our history and everyone involved in making the BitTorrent protocol and our products a success. We look forward to fulfilling our mission to improve the protocol and introduce new use cases, such as decentralized file storage and live streaming products.
Currently, there are many DeFi promotions on the TRON network. The crypto community can expect a breakthrough in DeFi from the TRON network and the heap of tokens and platforms under the TRON umbrella.
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