Tron
TRXWhat is The CoinDesk 20?
The CoinDesk 20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20.
These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
Price
$0.030457
24 Hour % Change
8.54%
Market Cap
$2.18B
Volume (24h)
$1.60B
USD
Linear
Log
to
Key metrics
24 Hour Low
$0.028041
24 Hour High
$0.031242
Net change
$0.002407
24 Hour Open
$0.028192
All time high
$0.231673
Total Supply
71.66B
Returns (24H)
8.54%
Returns (YTD)
14.66%
Volatility (30d)
0.89
Transaction Count (24h)
1.81M
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$292.62M
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.
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BitTorrent is evolving into an ecosystem of decentralized storage, data protocols and content distribution, the firm says.
Bitcoin’s price passed $12,000 while Ethereum fees dipped.
