TRON(TRX) Price

$0.30474 +1.59%

Price of TRON(TRX) Today

The live price of TRON (TRX) is $0.30474.The current market capitalization stands at $28.87B, with a 24-hour trading volume of $1.51B.TRON has experienced +1.59% in the last 24 hours and has a circulating supply of approximately 94.75B.These figures are updated in real-time to provide the most accurate market data.

TRON(TRX) Profile

Price Range (24h)

24h Low: $0.299879 24h High: $0.305696

• ATH: $0.431288
• Price Change (1h): -0.03%
• Price Change (24h): +1.59%
• Price Change (7d): +5.13%
• Market Cap: $28.87B
• 24h Vol: $1.51B
• Circulating Supply: 94.75B
• Total Supply: 94.75B

About

What Is TRON?

TRON (TRX) is a Layer 1 blockchain platform designed to support high-throughput smart contracts, decentralized applications (dApps), and digital content distribution at scale. Launched in 2017, TRON aims to decentralize the internet by allowing creators to publish and monetize content directly without intermediaries.

Its native token TRX is used to pay for transaction fees, power smart contracts, and participate in the network's delegated governance system. TRON is best known for its low transaction costs, high scalability, and strong presence in the stablecoin and DeFi space, especially as a prominent chain for Tether (USDT) transfers. TRX can be bought on specialized exchanges and ]TRX can also be traded for using other cryptocurrencies](https://phemex.com/trade/TRX-USDT).

Who Created TRON?

TRON was founded by Justin Sun, a Chinese entrepreneur and former representative of Ripple Labs in China. He launched the TRON Foundation in 2017 and raised over $70 million in an initial coin offering (ICO). TRON has since transitioned to being maintained by a global community, with Justin Sun currently acting as a prominent supporter and ecosystem builder.

How TRON Works

TRON uses a consensus mechanism called Delegated Proof of Stake (DPoS). In this model, TRX holders vote for Super Representatives (SRs) who are responsible for validating blocks and maintaining the network. This approach allows for faster transaction speeds, lower energy consumption, and scalable on-chain governance. The TRON Virtual Machine (TVM) supports the deployment of smart contracts and dApps, similar to Ethereum but with lower gas costs and higher throughput.

What TRX is Used For

TRX serves several core functions within the TRON ecosystem. Users pay fees in TRX to execute transactions and smart contracts. TRX can be "frozen" (staked) to vote for Super Representatives and earn passive rewards. TRX is also used as base collateral in DeFi protocols and underpins fast, low-cost USDT transfers on TRON. Finally, creators can tokenize digital media and interact with NFT platforms on TRON.

Key Features of TRON

TRON is known for its performance and ecosystem breadth. It features strong throughput of over 2,000 transactions per second, as well as low gas fees often at a fraction of a cent. TRON is one of the top blockchain networks for USDT volume, and also hosts projects in GameFi and NFT verticals. Developers can easily port Ethereum smart contracts to TRON. The network's efficiency and scalability make it especially popular in emerging markets and high-volume transaction use cases.

TRX Tokenomics

TRON has a circulating supply of over 87 billion TRX and no hard cap on total supply. While inflationary, new token issuance is primarily used to reward Super Representatives and stakers who help secure and govern the network. TRX can be staked to gain bandwidth and energy, which are used to execute smart contracts or make zero-fee transactions.

TRON(TRX) Price Movements ($)

Period	Amount Change	Change (%)
Today	+$0.0047765	+1.59%
7 Days	+$0.014882	+5.13%
30 Days	+$0.025821	+9.26%

TRON(TRX) Conversion Rate

1 TRX to USD
$0.30474

FAQ

How fast and cheap is TRON?

TRON is known for its high transaction throughput because it's capable of processing over 2,000 transactions per second (TPS), as well as extremely low fees, often just fractions of a cent. This performance makes it ideal for applications that require high-speed, high-volume transactions like stablecoin payments and gaming.

What is Delegated Proof of Stake (DPoS)?

TRON uses a Delegated Proof of Stake (DPoS) consensus mechanism. In this system, TRX holders vote for Super Representatives (SRs) who are responsible for producing blocks and validating transactions. This model is more energy-efficient than Proof of Work (PoW) and allows the network to achieve high scalability and fast block times.

Can I stake TRX?

You can stake (freeze) your TRX to earn staking rewards and gain voting rights in the TRON network. Staking TRX also provides bandwidth and energy, which are resources used for performing transactions and smart contract executions at minimal fees.

Why is TRON popular for USDT transfers?

TRON is the most used blockchain for Tether (USDT) transfers due to its low fees and fast settlement times. Unlike Ethereum, where gas fees can spike during congestion, TRON offers nearly instant transfers with minimal cost so it is especially appealing for remittances, payments, and exchanges.

Where can I buy and store TRX?

You can buy TRX directly on Phemex, and we’ll securely hold it on your behalf as a custodial exchange. You can also use other cryptocurrency like USDT to trade for TRX on the Phemex spot market. After acquiring TRX, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.