Tron Price Today

The current real-time Tron price is $0.25 . TRX price has grew by 4.97% in the last day and decreased by 14.6% in the last seven days. It’s important to note that the current Tron market capitalization is $21,762,673,520. The maximum supply is coins, with a circulating supply of 86,219,433,090.20. TRX is ranked #10 in terms of market cap.

TRON in a Nutshell

TRON (TRX) is a decentralized network that can host and run smart contracts and decentralized applications (dApps). While it is functionally similar to Ethereum, TRON has several unique aspects that differentiate it. Moreover, the network benefits from low-cost (often free) transactions, fast settlement time, and strong scalability.

TRON was created by former Ripple employee Justin Sun and was released in 2017. TRON is a Decentralized Autonomous Organization (DAO), meaning the community has governance control and can vote on or propose updates. 

How Does TRON Work – Exploring the Basics

TRON was initially a token built on the Ethereum network. However, the project developed its propriety blockchain and officially switched to the TRON network in 2018, around a year after its release. 

While TRON is the smart contract-compatible network, TRX is the token used to pay transaction fees. Users can also stake TRON to earn bandwidth and energy, which are critical resources for conducting transactions on TRON and executing smart contract instructions. 

TRON utilizes a delegated Proof-of-Stake (PoS) consensus mechanism for transaction validation. A user can pay 9,999 TRX to become a candidate who can participate in the election. Only 27 ‘Super Representatives’ can be allocated at a time so users vote on their chosen candidate. The winners gain the right to validate transactions and earn block rewards for their efforts. 

Users must attain TRON Power (TP) by staking TRX in a pool to vote in a Super Representative election. For every TRX a user stakes, they gain one TP. However, if the user unstakes their TRON, they will lose their TP, and any votes in an ongoing election will become invalid. 

What Makes TRON Unique

In contrast to other cryptocurrencies, TRON uses a bandwidth system to determine who has to pay transaction fees. Every user is awarded 600 bandwidth points daily, one for every byte of data within a transaction. When a user runs out of bandwidth points, they must pay a few equal to 0.1 TRX per byte of data. In this way, TRON can effectively offer fee-free transactions. 

Outside of daily refreshes, users can attain bandwidth by staking TRX tokens. The daily bandwidth supply totals 43.2 billion, but the entire network shares this pool. As such, the amount of bandwidth you can earn from crypto staking will vary based on how much TRX users have staked on the network at a given time. 

Similarly, when a smart contract executes an instruction, energy is used. If the energy is depleted, 0.00042 TRX is burned per energy required for a transaction. Users can attain energy by staking TRX. Stakers can receive a share of the 90 billion energy allocated daily to the network, so the amount of energy a user can earn will vary daily based on competition.

TRON Price History – Launch to Today

Investors were first introduced to TRON via its 2017 Initial Coin Offering (ICO), which saw TRX sell for $0.0021. Following its launch, TRON experienced high demand, leading the token to surge to $0.05147 by December.

In early 2018, TRON soared to an all-time high of $0.1737 amid positive market sentiment, a bull run, and the launch of the TRON testnet. However, the asset could not maintain its valuation and fell to around $0.025, where it stayed for the remainder of the year. Throughout 2019 and 2020, TRON traded around $0.015 and was unable to build momentum for an upward move. 

As a result of the 2021 bull, TRON spiked significantly. The asset almost broke its previous high, hitting $0.1643. However, it soon fell and traded around $0.065 for some months. 

Since the start of 2023, TRON has been on an upward trend and has grown substantially despite a few corrections. Driven by increased investor appetite, the launch of a TRON stablecoin, and continued development, TRON has worked its back to $0.135. 

TRON Circulating Supply

TRON has a circulating supply of 86,219,433,090.20 TRX. There is no maximum TRX supply, and new tokens are generated to pay Super Representatives. However, TRON has several burn mechanisms resulting in the TRX supply steadily decreasing.