TRONTRX
Market snapshot
TRON (TRX) ranks #8 by market capitalization, with a total market value of $31.29B. Over the past 24 hours its price fell 0.48%, trading between $0.3276 and $0.3309, with $328.57M in trading volume. 95.01B TRX are in circulation; CoinGecko lists no maximum supply for TRON. The price is 23.7% below its all-time high of $0.4313.
This summary is generated automatically from the live figures on this page and is not investment advice.
Market stats
- Market Cap
- $31.29B
- 24h Volume
- $328.57M
- 24h high
- $0.3309
- 24h low
- $0.3276
- Circulating supply
- 95.01B TRX
- Max supply
- —
- All-time high
- $0.4313
- All-time low
- $0.001804
About TRON
TRON is a decentralized blockchain-based operating system designed to accelerate the decentralization of the internet and its underlying infrastructure. It serves as a global settlement layer for stablecoins and everyday digital purchases, providing a high-throughput environment to support large-scale decentralized applications. The network is governed by a decentralized autonomous organization (DAO), which allows the community to manage the protocol without a central authority. Its primary value proposition includes a unique resource model that utilizes bandwidth and energy to allow for high transaction volumes without traditional fee spikes.
The platform functions as a smart contract platform that enables the creation of decentralized applications and is compatible with the Ethereum Virtual Machine, allowing developers to easily migrate applications. TRON operates using a Delegated Proof of Stake consensus mechanism where token holders vote for 27 Super Representatives to verify transactions and maintain the ledger. This structure is built for scalability and fast finality, aiming to handle more transactions per second than many established legacy blockchains. Users can interact with the ecosystem for various purposes, including decentralized finance (DeFi) through platforms like JustLend DAO and decentralized storage via the BitTorrent File System.
Value moves through the system via its native utility token, TRX, which facilitates transactions and grants users access to network resources. Holders can lock their TRX in a staking mechanism to gain TRON Power, which is used to vote on network rules and elect Super Representatives, earning rewards for securing the network. Established by the TRON Foundation and led by founder Justin Sun, the project has transitioned into a community-led DAO. The ecosystem is supported by strategic partnerships with major global entities, including Samsung, which integrated TRON into its blockchain keystore, as well as BitTorrent, Opera, and Swisscom Blockchain.
Description courtesy of CoinGecko.
Key facts & links
- Launch date
- Aug 28, 2017
- Hashing algorithm
- Delegated Proof-of-Stake
- Categories
- Smart Contract PlatformLayer 1 (L1)Alleged SEC SecuritiesFTX HoldingsDWF Labs PortfolioTron EcosystemProof of Stake (PoS)GMCI Layer 1 Index
Official links
Understand these numbers
Market data by CoinGecko · Prices are for information only and are not investment advice.