#Tron Tron coin, also known as TRX, is the native cryptocurrency of the TRON blockchain, a decentralized, proof-of-stake network that supports smart contracts and decentralized applications (dApps). TRX is used for transactions, staking, and interacting with applications on the TRON ecosystem.
*Current Price and Market Data:*
- *Current Price*: $0.296103 USD
- *Market Capitalization*: $28.03 billion USD
- *24-hour Trading Volume*: $616.37 million USD
- *Circulating Supply*: 94.67 billion TRX
*Key Features:*
- *Delegated Proof-of-Stake (DPoS) Consensus Mechanism*: Enables high throughput and efficient transaction processing
- *TRON Virtual Machine (TVM)*: Supports smart contracts and the TRC-20 token standard
- *Decentralized Applications (dApps)*: TRON hosts a wide range of dApps, including games, social media, and entertainment platforms
- *Stablecoin Support*: TRON is a popular network for stablecoin transfers, particularly USDT
*Recent Developments:*
- *New Integration Enables One-Minute Payments*: A recent integration has reduced transaction confirmation time to around 60 seconds, enhancing efficiency for e-commerce, microtransactions, and decentralized applications
- *TRON's Growing Ecosystem*: TRON has over 200 million user accounts and a thriving DeFi ecosystem, with a strong focus on stablecoins and tokenized real-world assets$TRX