Justin Sun-owned BitTorrent, the leading company in peer-to-peer protocols and products, has now entered the DeFi space through its alliance with JUST, a TRX-based lending platform launched by Poloniex.
BitTorrent’s Twitter handle announced the news on Tuesday, August 11th. With this alliance, BitTorrent token $BTT will also be used as collateral on the JUST CDP portal to mint JUST stablecoin USDJ. The announcement reads:
“$BTT becomes JUST-designated staking asset, which is an important milestone for BitTorrent to enter the field of Defi! Now BitTorrent has reached a strategic alliance with DeFi JUST to build best Defi projects on TRON.”
Justin Sun is also enjoying another great news from BitTorrent. According to a recent announcement, BitTorrent’s popular torrent client software on Windows, Mac, and Android has surpassed 2 billion installations. In his tweet, Sun said that their next milestone was to have 7 million users on this platform. 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 credits the milestone to its Classic desktop torrent clients, as well as its new Web-based torrent downloader and player built for the streaming age. To celebrate the achievement, the company is offering 30% off all Windows Pro products for a limited time.
BitTorrent, founded in 2004, is one of the most popular peer-based technology company, acquired by the Tron Foundation in July of 2025 in a deal worth $126 million. The standout element of BitTorrent’s evolution is BitTorrent File System (BTFS), a decentralized file storage system built for web3. BTFS was 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-Spacetime.
Justin Sun, the founder of TRON and CEO of BitTorrent, commented:
“Almost two decades ago the dream of decentralized file transfer was brought into existence by BitTorrent, thus 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 of improving the protocol and introducing new use cases, such as decentralized file storage and live streaming products.”
Currently, a lot of DeFi promotions happening on the TRON network. The crypto community can expect a breakthrough in DeFi from the TRON Network and the bunch of tokens and platforms under the TRON umbrella.
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