The Trust Wallet token ignites the crypto market with a 49% surge after launching the billion-user plan.
The Trust Wallet token (TWT) jumped by 49% to reach $1.30, its highest level in 30 days, amid a trading volume surge of over 2470% and a market capitalization nearing $500 million, according to CoinGecko data.
This surge came after the development team released a light technical paper (Litepaper) revealing a new roadmap to redefine the role of the token within the Trust Wallet ecosystem, with an ambitious plan targeting to attract a billion users. The strategy includes integrating TWT more broadly into the core wallet features, alongside a tiered rewards system that grants users exclusive advantages and services based on their activity and the amount of locked assets.
With this step, TWT aims to strengthen its position as one of the prominent competing DeFi tokens, supported by its presence on mobile devices and its integration with the Binance ecosystem, which could give it a strong push to become one of the most important utility tokens in the decentralized market.
