TRON Was Established
Justin Sun established TRON, beginning the development of the network and its native cryptocurrency.
ABOUT TRON (TRX)
About TRON (TRX)
TRX is the native cryptocurrency of the TRON network. It is used to access network resources, participate in governance, stake for voting power and interact with applications built across the TRON ecosystem.
The live snapshot shows the TRON TRX price today alongside its market capitalization, trading volume and circulating supply. The sections below explain how TRX began, how it became the native coin of TRON, and how its role has developed since the network launched.
TRON PROFILE
TRON at a Glance
TRX began as a token on Ethereum before becoming the native cryptocurrency of the TRON network in 2018. It is now used for network resources, staking, governance and transfers across applications built on TRON.
TRON ORIGINS
The Project
The Token Sale
The Mainnet Migration
When Was TRX Created?
TRON was established by Justin Sun in July 2017, with TRX initially issued as an ERC-20 token on Ethereum. TRX was offered to purchasers during a token sale held from August to September 2017, before the TRON network had launched its own blockchain.
TRON launched its MainNet on May 31, 2018, and created its genesis block on June 25. TRX then migrated from Ethereum to the independent TRON network, becoming the native cryptocurrency used for transactions, staking and governance.
TRX Was Initially Issued on Ethereum
TRX was introduced as an ERC-20 token and offered to purchasers before TRON had launched its own mainnet.
TRX Became Native to TRON
Following the MainNet launch on May 31, TRON created its genesis block and began moving TRX from Ethereum to its independent network.
UNDERSTANDING TRON
June 2018
August 2018
March 2019
December 2021
April 2023
TRON Evolution
TRON has evolved from an Ethereum-issued token into an independent Layer-1 network built around transfers, smart contracts, staking and delegated governance. TRX now powers network resources, transaction costs and voting across the ecosystem.
Major changes have expanded what the network can support, from smart-contract execution and stablecoin transfers to community governance and a more flexible staking system.
TRON Mainnet Became Independent
TRON completed its move to an independent blockchain with the creation of its genesis block, moving TRX away from its original Ethereum-based token infrastructure.
The TRON Virtual Machine Launched
The TRON Virtual Machine gave developers a native environment for deploying and running smart contracts, expanding TRON beyond transfers into decentralized applications.
USDT Arrived on TRON
Tether introduced TRC-20 USDT on TRON, allowing dollar-linked tokens to move through TRON wallets, applications and exchanges. Stablecoin transfers later became a major use of the network.
TRON Transitioned to TRON DAO
TRON formally shifted to the TRON DAO model, placing greater emphasis on community governance through the network’s existing Super Representative system.
Stake 2.0 Changed How TRX Is Staked
Stake 2.0 separated staking from resource delegation and gave TRX holders more flexibility when obtaining Bandwidth, Energy and voting power.
UNDERSTANDING TRON
How Does TRX Work?
TRX operates on the TRON network, where it is used for transfers, transaction resources, staking and governance. Transactions consume Bandwidth, while smart-contract activity also uses Energy. Users can obtain these resources by staking TRX or paying with TRX when resources are insufficient.
TRON uses Delegated Proof of Stake. TRX holders can stake for voting power and elect 27 Super Representatives, who produce blocks, validate transactions and participate in network governance.
01
Sign
Sign the Transaction
The sender’s wallet uses a private key to authorize the TRX transfer or smart-contract interaction. The private key remains under the wallet owner’s control.
02
Broadcast
Submit It to the Network
The signed transaction is broadcast to TRON nodes. The network calculates the Bandwidth and, where applicable, Energy required to process it.
03
Validate
Add It to a Block
An elected Super Representative checks the transaction and includes it in a block when it follows the network’s rules and has sufficient resources.
04
Confirm
Confirm the Result
Other active Super Representatives continue building on the accepted block. Once the block is solidified, the updated TRX balance or smart-contract result can be treated as final.
What Shapes the TRX Price?
The TRX price is determined by buying and selling across cryptocurrency exchanges. Demand can be influenced by activity on the TRON network, the use of TRX for staking and resources, changes in available supply and developments affecting the wider crypto market.
TRX supply also responds to network activity. New coins enter circulation through block and voting rewards, while TRX is burned when users pay for Bandwidth or Energy. The balance between issuance, burning and market demand can influence the TRON TRX current price over time.
TRX Supply and Burns
TRX does not have a fixed maximum supply. New coins are issued through network rewards, while transaction and resource fees can permanently remove TRX from circulation.
TRON Network Activity
Transfers, smart-contract interactions and application usage increase demand for Bandwidth and Energy. This activity can affect resource demand and the amount of TRX burned.
Stablecoin Activity
TRON is widely used for stablecoin transfers, particularly TRC-20 USDT. Greater stablecoin activity can increase network usage, although it does not automatically produce a matching increase in the TRX price.
Staking and Governance
TRX holders can stake their coins for network resources and voting power. Changes in staking participation can affect how much TRX remains readily available for trading.
Exchange Liquidity
TRX prices can vary between exchanges because each platform has its own order book, trading activity and available liquidity. Markets with lower liquidity may experience larger price movements.
Regulation and Market Conditions
Regulatory developments, exchange access, broader cryptocurrency sentiment and changes in global financial conditions can all affect demand for TRX.
What Is the TRON TRX Price Today?
The current TRON TRX price in USD is $0.3364, with little change over the past 24 hours.
The live snapshot above provides additional market data, including TRX trading volume, market capitalization, circulating supply and the latest 24-hour price range.
What Can Move the TRX Price?
The TRX price can rise or fall when buying demand, exchange liquidity or broader crypto market conditions change. Developments involving TRON applications, stablecoin transfers, staking, network fees, governance or regulation may also affect how traders value the coin.
No single factor explains every price movement. Price changes should be assessed alongside trading volume, network data and confirmed TRX news rather than attributed to one event without supporting evidence.
Does TRX Have a Fixed Supply?
TRX does not have a fixed maximum supply. New TRX is created through block production and voting rewards, while other TRX is burned when users pay for network resources.
The total supply can increase or decrease depending on the balance between issuance and burning. Current supply figures should therefore be read with their reporting date rather than treated as a permanent limit.
Can You Cash Out TRX for Real Money?
TRX can be sold for government-issued currency through a supported cryptocurrency exchange or financial service. Available trading pairs, withdrawal methods and account requirements depend on the provider and the user’s location.
The amount received depends on the TRON TRX price when the sale is completed, the quantity sold and any trading, conversion, network or withdrawal fees. TRX that is currently staked must first become transferable before it can be sent to an exchange or sold.
Choose a Supported Service
Select a TRX Trading Platform Choose a service that supports TRX deposits, trading and fiat withdrawals in your region. Check its regulatory status, account requirements, available currencies and withdrawal methods.
Make the TRX Available
Unstake TRX if Necessary TRX held in a regular wallet can be transferred immediately. TRX committed through Stake 2.0 must be unstaked and complete the applicable waiting period before it becomes available for withdrawal.
Transfer the TRX
Send TRX on the TRON Network Copy the TRX deposit address supplied by the service and confirm that the TRON network is selected. Check the address carefully and include any reference requested by the receiving platform.
Sell and Withdraw
Convert TRX and Withdraw the Funds Place an order to sell TRX for an available fiat currency or supported intermediate asset. Once the trade is complete, withdraw the proceeds using an available bank, card or payment method.
Before You Cash Out
Before You Cash Out TRX
Check the receiving network, staking status, transaction costs and withdrawal requirements before transferring or selling TRX.
Service and Network
Service Availability
TRX trading and fiat withdrawals in your region
Network Support
Native TRON deposits and withdrawals
Costs and Timing
Trading Costs
Trading spreads, conversion fees and withdrawal charges
Staking Status
Unstaking requirements and the Stake 2.0 waiting period
Transfer and Records
Transfer Details
TRON address, selected network and any required reference
Tax and Records
Transaction history and applicable local obligations
Disclaimer Selling, exchanging or staking TRX may create tax-reporting obligations. The applicable treatment depends on the user’s jurisdiction and individual circumstances.