Tron
TRXPrice
$0.056157
24 Hour % Change
1.73%
Market Cap
$4.02B
Volume (24h)
n/a
USD
Linear
Log
to
Key metrics
24 Hour Low
$0.046356
24 Hour High
$0.056229
Net change
$0.000956
24 Hour Open
$0.055263
All time high
$0.231673
Total Supply
71.66B
Returns (24H)
1.73%
Returns (YTD)
110.26%
Volatility (30d)
1.09
Transaction Count (24h)
5.27M
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$178.55M
About Tron
Category
Software Platform
Value proposition
Global computer
Justin Sun founded the Tron Foundation in Singapore in 2017 with the aim of creating a protocol that could “decentralize the internet” and support decentralized applications. Beginning on Ethereum, it migrated onto its own blockchain in 2018, and Sun has now directly positioned Tron as a competitor to Ethereum. According to the foundation, the July 2018 acquisition of BitTorrent further cemented TRON’s leadership in pursuing a decentralized ecosystem. In 2019, Tron and Tether announced a partnership to launch USDT on the Tron blockchain as a TRC-20 token – the protocol’s equivalent of a ERC-20 – with the aim of improving liquidity on decentralized exchanges. According to the project’s whitepaper, the network is based on a proof-of-stake system, in which 27 “super representatives,” or SRs, produce blocks for the network. A total of 336,384,000 TRX are awarded annually to the SRs. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.
Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.
Foundations - Consensus: Distributed
Bank Capital And Cryptocurrencies
Jun 15, 2021
gopixa/iStock Editorial via Getty Images The BIS's draft proposals for capital regulation of stablecoins and cryptocurrencies have just been released. The headline proposal was a risk weighting of 1250% for what the BIS called "Group 2 cryptoassets", which includes all cryptocurrencies, all algorithmic stablecoins, and reserved stablecoins that don't meet
On Covering the NFT Hype
Mar 19, 2021
In a bull market, people new to crypto will seek out any information they can, from serious to silly. What should they find?
The auction comes during the technology’s seemingly overnight transformation into a fascination of the investing world.
A Tron spokesperson says Justin Sun did not win the $69 million Beeple NFT, as was initially reported by Bloomberg.
For Chinese investors, including Justin Sun, FOMO has surpassed fear of losing money.
