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TRX

TRONTRX

Rank #16
Coin
On 843,509 watchlists

TRON Price (TRX)

$0.05308
1.30%

0.000003102 BTC2.32%

0.0000415 ETH3.79%

Low:$0.05301
High:$0.0541
24h
TRX  TRON TRX
Price:
$0.05308
 1.30%
Market Cap
$4,890,270,254
1.30%
24h Volume / Market Cap
0.0366
Fully Diluted Market Cap
$4,890,270,124
1.30%
Volume
24h
$179,164,799
20.30%
CEX Vol
$173,111,799
DEX Vol
$6,052,999.34
Circulating Supply
92.12B TRX
Max Supply
--
Total Supply
92,122,086,543

TRON to USD Chart

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TRX to USD Converter

TRX

TRON

USD

United States Dollar

TRX Price Statistics

TRON Price Today
TRON Price$0.05308
Price Change24h-$0.0006967
1.30%
24h Low / 24h High
$0.05301 /
$0.0541
Trading Volume24h$179,164,799.15
20.30%
Volume / Market Cap0.03664
Market Dominance0.57%
Market Rank#16
TRON Market Cap
Market Cap$4,890,270,254.24
1.30%
Fully Diluted Market Cap$4,890,270,123.91
1.30%
TRON Price Yesterday
Yesterday's Low / High
$0.05301 /
$0.0541
Yesterday's Open / Close
$0.05364 /
$0.05319
Yesterday's Change

0.83%

Yesterday's Volume$179,442,292.10
TRON Price History
7d Low / 7d High
$0.05209 /
$0.05496
30d Low / 30d High
$0.0458 /
$0.06524
90d Low / 90d High
$0.0458 /
$0.06524
52 Week Low / 52 Week High
$0.0458 /
$0.09389
All Time High
Jan 05, 2018 (5 years ago)
$0.3004
82.33%
All Time Low
Sep 15, 2017 (5 years ago)
$0.001091
4764.53%
TRON ROI

2487.93%

TRON Supply
Circulating Supply92,122,088,998 TRX
Total Supply92,122,086,543 TRX
Max Supply92,122,086,543 TRX

TRX to USD Converter

TRX

TRON

USD

United States Dollar

TRX Price Live Data

The live TRON price today is $0.053085 USD with a 24-hour trading volume of $179,164,799 USD. We update our TRX to USD price in real-time. TRON is down 1.30% in the last 24 hours. The current CoinMarketCap ranking is #16, with a live market cap of $4,890,270,254 USD. It has a circulating supply of 92,122,088,998 TRX coins and the max. supply is not available.

If you would like to know where to buy TRON at the current rate, the top cryptocurrency exchanges for trading in TRON stock are currently Binance, CoinW, OKX, BTCEX, and MEXC. You can find others listed on our crypto exchanges page.

What Is TRON (TRX)?

TRON (TRX) is a decentralized blockchain-based operating system developed by the Tron Foundation and launched in 2017. Originally TRX tokens were ERC-20-based tokens deployed on Ethereum, but a year later they were moved to their own network.

Initially, the project was created with the aim of providing full ownership rights to makers of digital content. The main goal is to help content creators (who receive only a small part of the income) and encourage them with more rewards for their work. How: invite content consumers to reward content makers directly (without intermediaries like YouTube, Facebook or Apple).

The TRON software supports smart contracts, various kinds of blockchain systems, and decentralized applications aka dApps. The cryptocurrency platform uses a transaction model similar to Bitcoin (BTC), namely UTXO. Transactions take place in a public ledger, where users can track the history of operations.

Therefore, the platform was built to create a decentralized Internet and serves as a tool for developers to create dApps, acting as an alternative to Ethereum. Anyone can create dApps on the TRON network, offer content, and in return receive digital assets as compensation for their efforts. The ability to create content and share it openly without hesitation regarding transaction fees is an undeniable advantage of TRON.

Network principles:

The data hosted on the TRON network is free with no central authority. Content creators receive TRX tokens - a reward for their intellectual labour;

TRON supports the creation of coins by content makers, which can be used in their own developed applications;

TRON also carries out decentralized games on the network, players can encourage and reward creators with digital assets directly.

The ecosystem is based on three levels, which ensure the smooth and powerful operation of TRON. The architecture is as follows:

  • Storage Layer, where network data, blockchain state and history data are securely stored. In general, its purpose is to segment all kinds of ecosystem data;
  • Application Layer, where developers are key figures and where TRX is utilized to develop applications and create wallets;
  • Core Layer, where various instructions are processed (which can be written only in two programming languages ​​- Solidity and Java). Principle of operation: the core layer computes instructions, processes them, and sends them to the Tron Virtual Machine, where the logic happens, and dApps are executed.

The main network protection tool, as well as one of the special features, is a delegated Proof-of-Stake (dPoS) system, an alternative to the Proof-of-Stake and Proof-of-Work consensus algorithms. This is a competitive advantage of TRON, because it means that the network is far more energy-efficient. Furthermore, due to its layered architecture, TRON processes more transactions at once than Proof-of-Work (PoW) systems. According to the development team, TRON has the higher throughput and is able to process up to 2000 operations per second without fees, thus, transactions on the network are feeless.

TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has capacity for 2,000 TPS.

To learn more about this project, check out our deep dive of Tron.

This project is best described as a decentralized platform focused on content sharing and entertainment — and to this end, one of its biggest acquisitions was the file sharing service BitTorrent back in 2018.

Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards, allowing content creators to launch their own personal tokens and decentralizing the gaming industry.

TRON is also one of the most popular blockchains for building DApps.

USDD Stablecoin

In April 2022, the CEO of Tron, Justin Sun, announced plans to launch an algorithmic stablecoin, dubbed Decentralized USD or USDD. It requires an automated balancing technique that burns $1 worth of TRX to mint 1 USDD. Tron DAO Reserve is responsible for managing USDD and ensuring that its value is stable relative to the value of its underlying collateral. Also, it sets the APY offered to users staking USDD. At the time of writing, users earn a 30% yield on staked USDD.

While USDD has been criticized for borrowing heavily from the design of USTTerra’s algorithmic stablecoin which set off what was essentially a bank run and crash of the Terra ecosystem — certain elements set it apart. Perhaps the most notable is the decision to opt for a guaranteed over-collateralized framework, in contrast to the undercollateralized model of UST. The cryptocurrencies used as collateral on the USDD protocol include Tron, Bitcoin, USDC and Tether.

The minimum collateral ratio of USDD has been set at 130%. Hence, the value of collateral deposited in the protocol's cryptocurrency reserves would, in practice, be higher than the value of USDD in circulation. With this, the possibility of a sustained depeg of USDD could be perceived as low. Despite its 130% minimum collateral ratio, USDD is at the time of writing backed by collateral reserves collectively worth over thrice the value of USDD in circulation. For the Tron DAO Reserve, the goal is to build a $10 billion treasury to back the value of USDD.

Another core element that is key to the stability of USDD is the operation of Super Representatives, which are Tron's institutional partners. The super representatives are incentivized entities that influence either side of the trade to absorb the potential volatility of the price of USDD. For instance, when the price of USDD falls below $1, the super representatives burn part of their USDD holding to mint TRX. This will, in turn, bring the value of USDD to the target price.

However, all these stability mechanisms have not stopped USDD from facing its fair share of volatility as the stablecoin. In June 2022, it experienced a 9% fall in its price relative to the value of 1 USD. In response, Tron DAO Reserve infused $650 million worth of USDC into USDD's collateral reserve.

Who Are the Founders of TRON?

TRON was founded by Justin Sun, who now serves as CEO. Educated at Peking University and the University of Pennsylvania, he was recognized by Forbes Asia in its 30 Under 30 series for entrepreneurs.

Born in 1990, he was also associated with Ripple in the past — serving as its chief representative in the Greater China area.

What Makes TRON Unique?

TRON has positioned itself as an environment where content creators can connect with their audiences directly. By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen. In turn, this could also make content less expensive for consumers. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry.

The company also says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs.

Last but not least, whereas some other blockchain projects can be opaque about their plans for development, TRON offers a point of difference by delivering a roadmap that shows its intentions for the coming years.

Find out about BitTorrent Token (BTT)

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Read the latest posts on the CoinMarketCap blog

What Is A Crypto Faucet?

How Many TRON (TRX) Coins Are There in Circulation?

TRON has a total supply of just over 100 billion tokens — and at the time of writing, about 71.6 billion of these are in circulation.

When a token sale was held in 2017, 15.75 billion TRX was allocated to private investors, while an additional 40 billion were earmarked for initial coin offering participants. The Tron Foundation was given 34 billion, and a company owned by Justin Sun got 10 billion.

All in all, this meant that 45% of TRX supply went to the founder and the project itself, while 55% was distributed among investors. Critics argue that this is a much higher ratio than what has been seen with other cryptocurrency projects.

How Is the TRON Network Secured?

TRON uses a consensus mechanism that is known as delegated proof-of-stake.

TRX owners can freeze their cryptocurrency in order to get Tron Power, which means that they can vote for “super representatives” who serve as block producers.

These block producers receive TRX rewards in exchange for verifying transactions, and these rewards are then distributed among the people who voted for them.

According to TRON, this approach helps its blockchain to achieve higher levels of throughput.

Where Can You Buy TRON (TRX)?

It is possible to buy Tron from dozens of the exchanges it is listed on - including Poloniex, Bancor, KuCoin, Binance, Bitfinex, Coinbene and others. However, it is not supported by Coinbase.

Learn about converting your fiat to Bitcoin here — the perfect gateway to purchasing altcoins.

TRX to USD Converter

TRX

TRON

USD

United States Dollar

TRX Price Statistics

TRON Price Today
TRON Price$0.05308
Price Change24h-$0.0006967
1.30%
24h Low / 24h High
$0.05301 /
$0.0541
Trading Volume24h$179,164,799.15
20.30%
Volume / Market Cap0.03664
Market Dominance0.57%
Market Rank#16
TRON Market Cap
Market Cap$4,890,270,254.24
1.30%
Fully Diluted Market Cap$4,890,270,123.91
1.30%
TRON Price Yesterday
Yesterday's Low / High
$0.05301 /
$0.0541
Yesterday's Open / Close
$0.05364 /
$0.05319
Yesterday's Change

0.83%

Yesterday's Volume$179,442,292.10
TRON Price History
7d Low / 7d High
$0.05209 /
$0.05496
30d Low / 30d High
$0.0458 /
$0.06524
90d Low / 90d High
$0.0458 /
$0.06524
52 Week Low / 52 Week High
$0.0458 /
$0.09389
All Time High
Jan 05, 2018 (5 years ago)
$0.3004
82.33%
All Time Low
Sep 15, 2017 (5 years ago)
$0.001091
4764.53%
TRON ROI

2487.93%

TRON Supply
Circulating Supply92,122,088,998 TRX
Total Supply92,122,086,543 TRX
Max Supply92,122,086,543 TRX