TRX is the native token of the TRON blockchain — a Delegated Proof of Stake (DPoS) layer-1 blockchain founded by Justin Sun in 2017, migrated to mainnet June 2018, that uses 27 elected Super Representatives (validators) for block production, achieves approximately 2,000 TPS, and hosts the largest total USDT supply by chain (over $60 billion USDT-TRC20 as of 2024) alongside a major DeFi ecosystem including JustLend (lending), JustSwap (DEX), and SunSwap.
For TRON’s architecture (resource model, DPoS governance), Justin Sun’s background, and ecosystem history, see the TRON entry.
| Stat | Value |
|---|---|
| Ticker | TRX |
| Price | $0.33 |
| Market Cap | $30.90B |
| 24h Change | +0.8% |
| Circulating Supply | 94.77B TRX |
| All-Time High | $0.43 |
TRX Token Economics
| Parameter | Value |
|---|---|
| Ticker | TRX |
| Supply | Inflationary (block rewards to Super Representatives) |
| Consensus | Delegated Proof of Stake (27 elected Super Representatives) |
| Network launch | June 25, 2018 (mainnet) |
| Resource model | Freeze TRX → receive Bandwidth or Energy (no gas fees for TRC-20 transfers if sufficient resources) |
| USDT-TRC20 | Largest USDT supply by chain (~$60B+) |
Use Cases
- Zero-fee USDT transfers — Freezing TRX earns Energy/Bandwidth, allowing USDT-TRC20 transfers with zero TRX fee (most popular stablecoin transfer chain globally by transaction volume).
- Super Representative voting — TRX holders vote for 27 Super Representatives who produce blocks and receive TRX rewards.
- DeFi on TRON — JustLend (Aave-equivalent), JustSwap, and SunSwap use TRX as the base asset.
- NFT and DApp ecosystem — BTT (BitTorrent Token) and TRON-based DApps use TRX for transactions.
Last updated: 2026-04