TRON (TRX) Price

$0.27

TRON (TRX) Price Today

The live price of TRON is $0.27 USD. In the past 24 hours, the trading volume of TRON was $691.9M USD, with a change of -1.55%. The current live price of TRON has changed by -2.65% from its 7-day high of $0.27 USD and by +1.30% from its 7-day low of $0.26 USD. With a circulating supply of $94,867,934,583.34 TRX, the market cap of TRON is currently $25.8B USD, marking a -0.63% change in the last 24 hours. TRON currently ranks 9 by market capitalization.

TRON (TRX) Market Data

Market Cap

$25.8B

24h Volume

$691.9M

Circulating Supply

94.8B TRX

Maximum Supply

Fully Diluted Market Cap

$25.8B

Liquidity Indicator

2.68%

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About TRON (TRX)

What Is TRON (TRX) and How Does It Work?

TRON (TRX) is a high-performance, decentralized blockchain platform launched in 2017 by Justin Sun and governed today by the Tron DAO. It was built to enable content creators to distribute and monetize digital media directly, cutting out intermediaries, by powering a global, fee-free entertainment system where users pay in its native token, TRX.

Under the hood, TRON uses a Delegated Proof of Stake (DPoS) consensus mechanism: 27 Super Representatives, elected by TRX holders, validate transactions and produce blocks, delivering near-instant finality and throughput of up to ~2,000 transactions per second. Instead of paying traditional gas fees, users stake TRX to earn “bandwidth” for transfers or “energy” for smart-contract execution on the Ethereum-compatible TRON Virtual Machine (TVM). This design supports dApps, DeFi protocols, and the issuance of TRC-20 tokens across its three-layer architecture (storage, core, application) with minimal cost and high scalability.

How Does TRON's Delegated Proof-of-Stake (DPoS) Consensus Mechanism Work?

In TRON’s Delegated Proof-of-Stake (DPoS) system, anyone holding TRX can “stake” (lock up) their tokens to vote for Super Representative (SR) candidates. Each TRX held equals one vote, and you can cast or reassign your votes at any time. Every six hours, votes are tallied and the top 27 candidates become SRs for the next cycle.

Once elected, those 27 SRs take turns producing blocks in a round-robin schedule, typically one block every 3 seconds. SRs validate transactions, package them into blocks, and broadcast them to the network. Instead of paying gas fees directly, users consume “bandwidth” (for transfers) or “energy” (for smart-contract execution) by staking TRX, keeping transaction costs near zero while maintaining high throughput and fast finality.

Who Founded TRON Network and When Was It Launched?

TRON was founded by Justin Sun in June 2017 when he established the TRON Foundation in Singapore. The project’s native token, TRX, debuted as an ERC-20 token during an initial coin offering (ICO) in September 2017, raising roughly $70 million.

TRON’s mainnet, codenamed the “Exodus” phase, went live on May 31, 2018, marking its migration off Ethereum and the start of its independent blockchain era.

From the outset, TRON set a ten-year development plan divided into six phases:

1. Exodus (Aug 2017-Dec 2018): Mainnet launch & token migration

2. Odyssey (Jan 2019-Jun 2020): Incentives for content creation

3. Great Voyage (Jul 2020-Jul 2021): TRON Virtual Machine rollout & DeFi features

4. Apollo (Aug 2021-Mar 2023): Personal token issuance

5. Star Trek (Apr 2023-Sep 2025): Decentralized gaming & forecasting platforms

6. Eternity (Oct 2025-Sep 2027): Full ecosystem decentralization and growth

What Are the Main Use Cases of TRX Token?

TRX’s utility spans across TRON’s entire ecosystem:

1. Content monetization: TRX lets creators earn via donations, subscriptions, and ad revenue on TRON-based platforms.

2. dApps & smart contracts: It powers decentralized applications in gaming, multimedia, DeFi and NFTs through the TRON Virtual Machine.

3. Fee-free payments & microtransactions: Developers integrate TRX for instant, near-zero-cost programmatic payments in e-commerce, streaming and on-chain services.

4. Governance & staking: Holding and staking TRX grants bandwidth and energy for transactions, and voting rights in TRON’s DPoS elections.

On BingX Spot Market, you can trade TRX by navigating to the TRX/USDT pair, choosing a market or limit order, and executing buy or sell orders through the platform’s intuitive interface and real-time charts.

What Is TRON Tokenomics?

TRON began with an initial supply of 100 billion TRX, allocated via a September 2017 ICO: 15.75 billion TRX to private‐sale investors, 40 billion to public‐sale participants, 34 billion reserved for the TRON Foundation, and 10 billion to Justin Sun’s company, Peiwo Huanle. Upon MainNet launch the network also “burned” 1 billion TRX in an “Independence Day” event, bringing the current circulating supply to roughly 94.9 billion TRX as of April 2025. While there’s no formal maximum cap, new TRX enter circulation via block rewards, the initial 100 billion figure remains the de facto supply anchor.

TRON issues 32 TRX per block to Super Representatives (and an additional 16 TRX to full nodes) on its 3-second block time, totaling about 500 million TRX in annual inflation. Holders can freeze TRX to gain “bandwidth” for transfers or “energy” for smart‐contract execution on the TRON Virtual Machine, and earn voting power, each frozen TRX equals one vote, in the network’s Delegated Proof-of-Stake elections. This design not only secures high throughput and near-zero fees but also aligns incentives for long-term ecosystem growth.

How to Stake TRX Tokens on TRON Blockchain

Follow these steps to stake (freeze) your TRX on the TRON blockchain and earn bandwidth, energy, and voting rights (TRON Power):

1. Set up a TRON‑compatible wallet: Download and install a wallet like TronLink, TronScan, or Klever and fund it with the TRX you want to stake. Ensure you have at least 1 TRX - the network’s minimum freeze amount.

2. Open the “Freeze” or “Resources” section: In your wallet UI, look for “Freeze,” “Stake,” or “Resources.” This is where you lock up your TRX in exchange for on‑chain resources.

3. Choose the amount and resource type: Enter how many TRX to freeze (minimum 1 TRX). Select whether you want Bandwidth (for free transactions) or Energy (for smart‑contract execution), or split between both.

4. Confirm the freeze transaction: Review gas (small network fee) and confirm. Your TRX will be locked for a 3‑day period, during which you accumulate resources and TRON Power (1 TRX = 1 TP).

5. Use your resources • Bandwidth automatically covers transaction fees (you get ~5,000 bandwidth/day per 1 TRX). • Energy is consumed when you interact with dApps or execute smart contracts on the TVM.

6. Vote for Super Representatives (SRs): After freezing, your TRON Power appears in the “Vote” section. Cast votes for up to 27 SR candidates to earn additional voting rewards. You can reassign or withdraw your votes anytime.

7. Unfreeze when ready: Once the 3‑day lockup elapses, return to “Resources” and select “Unfreeze” to unlock your TRX. Any unused bandwidth or energy remains until consumed, and your TRX returns to your spendable balance.

By freezing TRX you secure network resources, gain governance rights, and participate in TRON’s DPoS ecosystem.

What Is the TRON Virtual Machine (TVM)?

TRON Virtual Machine (TVM) is the lightweight, Turing-complete runtime environment that underpins all smart-contract execution on the TRON network. Every full node runs a TVM instance, which defines TRON’s distributed state machine: given the previous block’s state and a set of new transactions, TVM deterministically computes the next valid state. It natively supports Solidity and EVM-style bytecode, enabling developers to port Ethereum dApps to TRON with minimal changes.

Instead of Ethereum’s gas, TVM uses TRON’s unique Bandwidth (for transfers) and Energy (for smart contracts), which users obtain by freezing TRX, making on-chain operations effectively fee-free while preserving security and throughput. With 3-second block times and up to 2,000 TPS, TVM powers TRON’s vibrant ecosystem of dApps, DeFi protocols, NFTs, and TRC-20 tokens, all within a fast, low-cost environment.

What Are TRC-20 Tokens?

TRC-20 tokens are a fungible token standard on the TRON blockchain, analogous to Ethereum’s ERC-20 but built specifically for TRON’s architecture. Defined in 2018, the TRC-20 standard specifies a set of smart-contract functions, like totalSupply, balanceOf, transfer, approve, allowance, and transferFrom, that ensure uniform behavior across all compliant tokens. These tokens run on the TRON Virtual Machine (TVM), allowing developers to port Ethereum dApps with minimal changes and leverage TRON’s high throughput and near-zero fees by using “bandwidth” and “energy” obtained through staking TRX.

In practice, TRC-20 tokens power a wide range of digital assets, most notably USDT on TRON, which facilitates billions of dollars in daily transfers with minimal cost. They enable everything from stablecoins and utility tokens to governance and reward tokens within TRON’s DeFi, gaming, and NFT ecosystems. TRC-20 tokens are supported by major wallets like TronLink, TronScan, and hardware wallets such as Ledger, and can be bridged to other networks via cross-chain solutions, ensuring broad interoperability and secure on-chain value transfer.

Which Wallets Support TRX Tokens?

TronLink, Trust Wallet, Klever, Exodus, Atomic Wallet, and Guarda offer user-friendly software solutions for holding TRX. TronLink serves as the native gateway to TRON’s dApp ecosystem, while Trust Wallet provides multi-chain support and built-in dApp access on mobile devices. Klever Wallet and Exodus add seamless in-wallet swaps and staking features, and non-custodial options like Atomic Wallet and Guarda broaden interoperability with cross-chain bridges and portfolio tracking tools.

For enhanced security, many users pair software wallets with hardware devices such as Ledger or Trezor, which store private keys offline and can integrate with TronLink for on-chain transactions. Alternatively, you can hold TRX directly in BingX’s custodial wallet, enjoying enterprise-grade security, 24/7 monitoring, and instant access to the TRX/USDT spot market whenever you’re ready to trade.

What Makes TRON (TRX) a Good Investment?

TRON’s appeal as an investment starts with its robust on-chain performance and real-world adoption. With 3-second block times and throughput of up to 2,000 TPS, TRON offers virtually fee-free transactions by leveraging “bandwidth” and “energy” obtained through staking, making it an ideal rails for high-volume stablecoin transfers and dApps. In fact, over the past 30 days Tron has generated $142.1 million in on-chain revenue, surpassing Ethereum’s $110.4 million, primarily thanks to its popularity for USDT and other stablecoins, underscoring sustained demand for its low-cost, high-performance network. Major integrations, from BitTorrent and Google Cloud Super-Representative status to a fast-growing DeFi and NFT ecosystem, further validate its long-term utility and network effects.

Beyond raw performance, TRX’s tokenomics and governance structure drive strong alignment between holders and network growth. TRON’s Delegated Proof-of-Stake model allows anyone to freeze TRX for “TRON Power,” earning bandwidth, energy, and voting rights in electing Super Representatives, which delivers both on-chain resource utility and staking rewards. Looking ahead, upcoming upgrades, like its new fee-free stablecoin launch and continued expansion of decentralized gaming and forecasting platforms under the Star Trek roadmap phase, promise fresh avenues for adoption and value creation. Combined with its transparent inflation schedule and community-driven governance, TRON offers both the performance and economic incentives that many investors seek in a next-generation smart-contract platform.

Information source

Official Website

Whitepaper

TRON (TRX) Price Converter

TRX to USD

1 TRX = $ 0.27

TRX to VND

1 TRX = ₫ 7,079.61

TRX to EUR

1 TRX = € 0.24

TRX to TWD

1 TRX = NT$ 8.12

TRX to IDR

1 TRX = Rp 4,444.83

TRX to PLN

1 TRX = zł 1.02

TRX to UZS

1 TRX = so'm 3,492.38

TRX to JPY

1 TRX = ￥ 39.15

TRX to RUB

1 TRX = ₽ 21.42

TRX to TRY

1 TRX = ₺ 10.66

TRX to THB

1 TRX = ฿ 8.93

TRX to UAH

1 TRX = ₴ 11.30

TRX to SAR

1 TRX = ر.س 1.02

TRON Price Converter

How to Buy TRON (TRX)

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Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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Disclaimer:

By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.