Tron
TRXPrice
$0.028224
24 Hour % Change
-3.71%
Market Cap
$2.02B
Volume (24h)
$996.04M
USD
Linear
Log
to
Key metrics
24 Hour Low
$0.027570
24 Hour High
$0.029549
Net change
$-0.001090
24 Hour Open
$0.029360
All time high
$0.231673
Total Supply
71.66B
Returns (24H)
-3.71%
Returns (YTD)
4.04%
Volatility (30d)
0.94
Transaction Count (24h)
3.41M
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$197.34M
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
Nearly 100 DeFi-friendly WBTC have already been minted as TRC-20 tokens on Tron.
Bitcoin breaks $34K while ether futures continue to gain steam.
Bitcoin trades above $19,000 as ether options volume on exchange Deribit spikes.
A “malicious contract” caused a Tron blockchain super representative to suspend block production for a few hours on Monday.
Bitcoin’s price hit $13,600 before retrenching while some investors pulled crypto out of DeFi.
