Overview

Logo of TRON

TRON(TRX)

Issued byTron
Token Price$0.32

24h Change+0.16%

All Time HighDec 4, 2024$0.43

All Time LowNov 12, 2017$0.0018

Key Metrics

Market Cap$30.46b

Fully Diluted Valuation$30.461b

Circ. Supply94.845b TRX

Outstanding FDV$40.713b

Volume 24h$406.72m

CEX Volume$167.53m

DEX Volume$211.26m

Risks

How much debt can be issued against TRX as collateral across lending protocols.

Maximum possible exposure to TRX

$3,409

$0 (max additional borrows against TRX) + $3,409 (bad debt if TRX was hacked now)

Logo of Venus Core Pool

Venus Core Pool

$3,409 at-risk exposure = $3,409 bad debt if hacked + $0 additional borrowable against TRX

Methodology and limitations

Showing collateral exposure for TRX on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

  • These metrics describe lending exposure only and are not a full protocol risk rating.
  • This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
  • Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details

Each row is one protocol-chain exposure for TRX as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol
Chain
Logo of Venus Core PoolVenus Core Pool
Logo of BSCBSC
TRX0x85eac5ac2f758618dfa09bdbe0cf174e7d574d5b
$0$8.98
Logo of Venus Core PoolVenus Core Pool
Logo of BSCBSC
TRX0xce7de646e7208a4ef112cb6ed5038fa6cc6b12e3
$0$3,400

Risk Timeline

Risk-management actions published about TRX by tracked risk managers and governance contributors, newest first.

1 action
risk managerLlama Riskllamarisk.com

→USDD Risk Assessment

USDD's collateral is heavily concentrated in TRX, accounting for 65-83% of total backing, creating dependency on TRX price stability and exposing the stablecoin to Tron ecosystem risks amid the TDR's centralized control.

Markets

logo of defillama

Token Rights and Value Accrual

Updated Jun 26, 2026

Overview

Token(s)
TRX
Token Type
GovernanceUtilityNetwork
Utility
Staking, Gas

TRX is the native asset of the TRON blockchain. It pays for network resources (Bandwidth and Energy), is staked to obtain those resources plus TRON Power (voting weight), and is used to participate in governance via Super Representative voting.

Governance Rights

Control

TRX holders have indirect governance rights through Delegated Proof-of-Stake (DPoS) conensus. Holders stake TRX to obtain Tron Power (TP) and vote for the 27 Super Representatives who produce blocks and govern the network.

Governance Decisions

TRX

Stake TRX to get TP at a 1:1 ratio. Elected SRs propose and vote on network parameters, upgrades and proposals.

Treasury Decisions

N/A

Revenue Decisions

N/A

Transaction fees (TRX) are burned, not distributed. Newly minted block rewards (currently 136 TRX per block: 8 block-production + 128 voting) go to SRs and their voters; each SR sets a 0 to 100% distribution ratio. Reward parameters are adjustable by committee proposal and SR vote.

Fee Switch

ON

Transaction fees are burned via the TRON Intelligent Burning System

Primary Value Accrual

Deflationary supply reduction

TRX supply is elastic: block and voting rewards mint new TRX while resource-payment burns remove it. Per Tron's Tokenomics doc, in most periods burns have exceeded issuance, making TRX net deflationary day to day, though this depends on network usage rather than a fixed schedule.

Equity Statement

Transaction fees are burned and block/voting rewards go to SRs and voters. The TRON Foundation (Singapore) dissolved in July 2021 and governance passed to the community-run TRON DAO; its three nodes left the SR set.

Economic Rights

Value Capture

Tron does not use a traditional gas-fee model. It has a resource model (Bandwidth + Energy) and an automatic "Intelligent Burn System" that kicks in only when resources are insufficient. Stakers earn voting rewards by voting for SRs.

Buybacks

N/A

No buyback mechanism is currently active

Dividends

N/A

Stakers earn an APY from the distribution of block production (emissions) & voting rewards to their voters, set by the SRs.

Burns

Active

When users initiate transactions on the TRON network, if bandwidth or energy is insufficient, the system will automatically burn the corresponding amount of TRX to cover resource costs.

Ownership

Fundraising
Token Sale
Equity Revenue Capture
Unknown
Associated Entities
DAO

Token Usage

An is required to view token usage.

Unlocks

An is required to view token unlocks.

Yields

Showing 10 of 15 pools

Pool
Project
Chain
30d APY Chart
STRXLogo of JustLend V1JustLend V1
Logo of Tron
$770.06m0%0%
0%
TRXLogo of JustLend V1JustLend V1
Logo of Tron
$664.53m0.27%0.27%
0.33%
TRX🪂Logo of TR ENERGYTR ENERGY
Logo of Tron
$86.47m11.03%11.03%
11.35%
USDC-TRXConcentrated - 0.05%Logo of Raydium AMMRaydium AMM
Logo of Solana
$12.02m0.60%0.60%
2.45%
TRX-USDCLogo of Uniswap V2Uniswap V2
Logo of Ethereum
$733,7880.61%0.61%
3.57%
TRX-BUSDLogo of PancakeSwap AMMPancakeSwap AMM
Logo of BSC
$524,1360.22%0.22%
0.98%
WSOL-STRXStandard - 0.25%Logo of Raydium AMMRaydium AMM
Logo of Solana
$115,9730.62%0.62%
2.22%
TRX-USDC🪂Logo of GMTradeGMTrade
Logo of Solana
$49,81311.07%11.07%
7.58%
USDT-TRX0.3%Logo of Uniswap V3Uniswap V3
Logo of BSC
$11,49312.62%12.62%
39.67%
TRX-USDTLogo of Orca DEXOrca DEX
Logo of Solana
$10,19722.09%22.09%
22.09%
Page 1 of 2

Borrow

Showing 10 of 164 routes

Pool
Project
Chain
TRX âžž JITOSOLLogo of JustLend V1JustLend V1
Logo of Tron
$16.79m0.26%
0.27%
-0.01%75%$716.59m$52.06m
STRX âžž JITOSOLLogo of JustLend V1JustLend V1
Logo of Tron
$16.79m-0.01%
0%
-0.01%75%$770.69m$635,903
TRX âžž XBTCLogo of JustLend V1JustLend V1
Logo of Tron
$12.71m0.12%
0.27%
-0.20%75%$716.59m$52.06m
TRX âžž WBTCLogo of JustLend V1JustLend V1
Logo of Tron
$5.3m0.24%
0.27%
-0.04%75%$716.59m$52.06m
TRX âžž MSOLLogo of JustLend V1JustLend V1
Logo of Tron
$2.6m0.26%
0.27%
-0.01%75%$716.59m$52.06m
STRX âžž MSOLLogo of JustLend V1JustLend V1
Logo of Tron
$2.6m-0.01%
0%
-0.01%75%$770.69m$635,903
TRX âžž WBTCLogo of JustLend V1JustLend V1
Logo of Tron
$673,7590.26%
0.27%
-0.01%75%$716.59m$52.06m
STRX âžž WBTCLogo of JustLend V1JustLend V1
Logo of Tron
$673,759-0.01%
0%
-0.01%75%$770.69m$635,903
TRX âžž JTOLogo of JustLend V1JustLend V1
Logo of Tron
$496,9940.26%
0.27%
-0.01%75%$716.59m$52.06m
STRX âžž JTOLogo of JustLend V1JustLend V1
Logo of Tron
$496,994-0.01%
0%
-0.01%75%$770.69m$635,903
Page 1 of 17