$TRX TRX, short for Tronix, is the native cryptocurrency of the TRON blockchain, a decentralized platform aiming to build a free, global digital content entertainment system with distributed storage technology. Launched in 2017, TRON initially existed as an ERC-20 token on the Ethereum blockchain before migrating to its own independent network in 2018.

The TRON blockchain utilizes a delegated proof-of-stake (DPoS) consensus mechanism, where TRX holders can vote for "Super Representatives" who validate transactions and govern the network. TRX serves various purposes within the TRON ecosystem, including paying for transaction fees, accessing content, and participating in governance.

TRON has focused on high throughput, scalability, and low transaction fees, making it an attractive platform for decentralized applications (dApps). Over time, it has evolved to support a wide range of applications, including DeFi, NFTs, and stablecoins, notably becoming a major network for Tether (USDT).