DeFi Intel

TRX token

reserve-asset · PageRank 0.0008

Source: tron.network

Overview

TRX is the native token of the Tron blockchain, a platform for decentralized applications and smart contracts. It serves as the primary means of paying network fees, staking, and transferring value within the Tron ecosystem. TRX is also used as a reserve asset in various DeFi protocols and stablecoin mechanisms on the Tron network.

Within the DeFi Intel graph, TRX connects to 1 tracked entity, most strongly to USDD.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).

RelationConnected entityConfidence
backsUSDD90%

More on TRX

Frequently asked questions

Who founded TRON?

Justin Sun, in March 2017; the TRON Foundation was incorporated in Singapore in July 2017.

What is TRON used for most?

It became a major network for USDT stablecoin transfers, alongside general smart contract and dApp activity.

Does Circle support USDC on TRON?

No. Circle announced in February 2024 that it would discontinue USDC support on TRON, citing risk management.

Sources

Facts on this page were verified against the following sources.