$TRX

TRON (TRX) is the native cryptocurrency of the TRON blockchain, a decentralized platform established in 2017 with the goal of building a free, global digital content entertainment system. Initially, TRX existed as an ERC-20 token on the Ethereum blockchain but later migrated to its own network.

TRON utilizes a delegated proof-of-stake (DPoS) consensus mechanism where TRX holders can stake their tokens to gain "Tron Power" and vote for "super representatives" who validate transactions. The network aims to provide high scalability and throughput, claiming to handle up to 2,000 transactions per second. TRX serves various purposes within the TRON ecosystem, including payments for services, executing smart contracts, and rewarding content creators. As of April 20, 2025, the price of TRX is around $0.243 USD, with a market capitalization of approximately $23.07 billion.