BitTorrent

BitTorrent Token (BTT) is a digital token built on top of the BitTorrent network, the long-established peer-to-peer file-transfer protocol originally created by Bram Cohen. Its stated purpose is to introduce economic incentives into that network so that participants can exchange bandwidth, networking capacity, and storage resources with one another. In practical terms, a user can spend BTT tokens to request faster download speeds from peers who hold the files they want.

BTT is implemented as a TRC-10 token on the TRON blockchain, meaning its issuance and transfers are settled on that chain rather than on a chain of its own. Within the BitTorrent client, the token is offered by downloaders to seeders in exchange for prioritized bandwidth — a mechanism marketed as BitTorrent Speed. The data also associates BTT with the BNB Chain and Ethereum ecosystems through wrapping or bridging arrangements, though the native home of the token is TRON.

The data does not record a protocol fee stream attributable to BTT, so there is no fee-based revenue figure, no identified fee payer, and no identified fee recipient to report here. The total value locked on the BitTorrent chain stands at 154,901.46 USD at the point-in-time measurement, against a market capitalisation of 343,251,164 USD, producing an mcap-to-TVL ratio of 2,254.64 — a figure that reflects how little on-chain value is locked relative to the token's market size. The 30-day average trading volume is equivalent to roughly 3.6 times the market capitalisation over the same period, indicating that the token turns over actively relative to its market size.