Tron (TRX) USD Price
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About Tron
Tron Price Data
Tron (TRX) currently has a price of $0.33 and is down -0.44% over the last 24 hours. The cryptocurrency is ranked 8 with a market cap of $31.4B. Over the last 24 hours, it saw $374.3M of trading volume. The token has a circulating supply of 94.9B tokens out of a total supply of 94.9B tokens.
Tron (TRX) is a blockchain-based decentralized platform that is widely used — particularly for the movement of stablecoins — because of its cheap fees.
Unique features of Tron:
High scalability
Tron has a high-throughput blockchain that is scalable. Scalability refers to a network's capability to handle increasing transaction numbers without compromising its performance or speed. This is made possible through its unique consensus mechanism, Delegated Proof of Stake (DPoS), which enables faster block generation and confirmation. DPoS allows Tron to handle high transaction volumes and cater to applications that require quick and seamless transactions. Tron's high scalability not only facilitates quick transaction processing but also supports high-bandwidth decentralized applications and smart contracts.
Decentralized platform
Beyond the platform itself, Tron extends its decentralized approach to governance. Community members actively participate in decision-making processes, shaping the platform's development and future enhancements. This democratic approach ensures that Tron evolves based on the collective inputs and interests of its users.
Who are the founders of TRON?
Tron was started in 2017 while its mainnet was launched in 2018. It was founded by Justin Sun, a Chinese entrepreneur and the CEO of BitTorrent. Sun envisioned Tron as a blockchain-based decentralized platform for content sharing, aiming to impact the entertainment industry.
Sun is a well-known figure in the cryptocurrency industry. He is a Chinese entrepreneur and the former chief representative of Ripple in China. Sun has also been recognized as one of Forbes' 30 Under 30 in Asia. He previously founded Peiwo, a popular social media app in China.
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© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Frequently Asked Questions
TRON’s market cap is ~$28.65B, calculated by multiplying the circulating supply of ~95B TRX by the current price of ~$0.302.
TRON launched with 100B TRX in 2017 (allocated via ICO: 15.75B to private investors, 40B public sale, 34B to the Foundation, 10B to Justin Sun’s company). At mainnet launch, 1B TRX was burned in an “Independence Day” event. The network issues 32 TRX per block to Super Representatives plus 16 TRX to full nodes on a 3-second block time, totaling ~500M TRX in annual inflation. Supply is technically uncapped, but ongoing burns partially offset emissions.
Burns happen via two mechanisms: transaction fee burning and governance-directed burns. By August 2025, ~40B TRX — about 4.2% of total supply — had been burned in aggregate since launch. After Proposal 102 halved block rewards, the annual deflation rate reached ~1.29%. TRON is currently deflationary on balance, which puts gradual downward pressure on circulating supply and acts as a structural price floor.
FDV is ~$28.65B. Essentially identical to market cap, as circulating supply and total supply are nearly the same (~95B of ~95B tokens).
This is the core demand driver and TRON’s structural moat. USDT on TRON has reached $85.3B, surpassing Ethereum, with total stablecoins on TRON exceeding $86.6B, an all-time high. Every USDT-TRC20 transfer requires TRX for energy/bandwidth, creating non-speculative, recurring demand.
24-hour trading volume is ~$570M against a $28.65B market cap. Most TRX “activity” is utility-driven (stablecoin transfers) rather than speculative trading. TRON has deep exchange liquidity across 142 exchanges and 327 markets, meaning large orders execute with minimal slippage.