Tron
TRXPrice
$0.139264
24 Hour % Change
-3.36%
Market Cap
$9.98B
Volume (24h)
$9.13B
USD
Linear
Log
to
Key metrics
24 Hour Low
$0.132793
24 Hour High
$0.156224
Net change
$-0.004828
24 Hour Open
$0.143810
All time high
$0.231673
Total Supply
71.66B
Returns (24H)
-3.36%
Returns (YTD)
410.67%
Volatility (30d)
1.74
Transaction Count (24h)
3.08M
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$965.91M
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.
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
May 13, 2020
May 13, 2020
Scarcity Cred
Apr 13, 2021
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For Chinese investors, including Justin Sun, FOMO has surpassed fear of losing money.
Tron USDT volume eclipses Ethereum for the third consecutive week.
Volume on eight trusted exchanges used by CoinDesk hit $239.98 billion in Q4 2020, up from $90.08 billion in the prior quarter.
