TRON (TRX) Live Price

TRON logo
TRXTRON
GBP 0.051167+0.93%
Market Cap
GBP 4.7B
0.83%
Volume (24)
GBP 295,214,710
17.25%
Circulating Supply
91,799,858,000 TRX
Issue Date
8/28/2017

TRX price Statistics

TRON Price Today

TRON Price
GBP 0.051167

Price Change 24h

GBP 0.00046972
0.93%
24h Low / 24h High
GBP 0.04997909 / GBP 0.051314

Trading Volume 24h

GBP 295,214,710
17.25%
Volume / Market Cap
0.062851599
Market Dominance
0.53347385%
Market Rank
#18

TRON Supply

Circulating Supply
91,799,857,882.397 TRX
Total Supply
91,799,853,720.942 TRX
Max Supply
0 TRX

TRON Market Cap

Market Cap
GBP 4,697,011,900
0.83%

Fully Diluted
Market Cap

GBP 4,697,011,700
1.21%

TRON Price Yesterday

Yesterday's Low / High
GBP 0.050508811 / GBP 0.050604145
Yesterday's Open / Close
GBP 0.050604145 / GBP 0.050508811
Yesterday's Change
1.21%
Yesterday's Volume
GBP 284,046,030

TRON Price History

7d Low / 7d High
GBP 0.061259491 / GBP 0.064211482
30d Low / 30d High
GBP 0.04311336 / GBP 0.051564169
90d Low / 90d High
GBP 0.042252819 / GBP 0.055964991
52 Week Low / 52 Week High
GBP 0.042252819 / GBP 0.071186531
All Time HighJan 5, 2018 (5 years ago)
GBP 0.170763
69.99%
All Time LowNov 12, 2017 (5 years ago)
GBP 0.00137147
3637.15%

TRX to GBP converter

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Real-Time TRON Price Chart (TRX to GBP)

TRXGBP by TradingView

About TRON

TRX Price Live Data

The live price of TRX is GBP 0.051167 per (TRX/GBP) today with a current market cap of 4.7B GBP. 24-hour trading volume is GBP 295,214,710 GBP. TRX to GBP price is updated in real-time. TRON is +0.93% in the last 24 hours. It has a circulating supply of GBP 91,799,858,000 TRX.

TRON Coin Price Chart determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, ETH and XRP to USD, EUR, GBP. Conversion rates are based on Live TRX Price Index and the price indices of other digital assets.

This content and any information contained therein is being provided to you for informational purposes only, does not constitute a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice.

What Is Tron(TRX)

Tron is a Blockchain-based and decentralized protocol that aims to decentralize entertainment content without relying on third parties. 

Tron was developed in 2017 by the Tron foundation led by Justin Sun. At inception, its smart contracts were built on the Ethereum ecosystem, making TRX tokens ERC-20 based. In 2018, Tron moved to its native network. 

The network provides solutions that include 

  • Distributed storage technology and sharing service 
  • Allows content creators to earn through their intellectual property
  • Allows developers to build their decentralized applications through TRX
  • Its decentralized game feature rewards game creators. 

The Tron Architecture 

Tron uses a native (TVM) Tron Virtual Machine that is Turing-complete. Like Ethereum's EVM, TVM ensures an expandable, effective, fast, safe Blockchain network. The network is also three-layered, with each layer supporting various feature sets of the ecosystem. 

  • The Storage Layer: The storage Layer on Tron is the Blockchain ledger that stores network data, Blockchain state, history of UXTO data, and every form of the ecosystem. 
  • The Application Layer: In this stage of the network, developers use TRX to create decentralized applications through smart contracts. 
  • The Core Layer: This layer ensures Tron-based dApps functions. It receives, organizes, processes instructions, and sends them to TVM. TVM executes these instructions to make the dApps function. 

The Tron architecture, being three-layered, allows it to process transactions lightning-fast without consuming much energy. The network can process as many as 2000 Transactions per second. This is a significant upgrade against Ethereum and Bitcoin processes of 25 and 7 TPS, respectively. 

The network uses the delegated Proof of Stake (dPoS) consensus mechanism. Twenty-seven super representatives validate and keep track of transactions on dPoS. These super representatives are rotated every 6 hours. 

Super representatives on Tron get 32 TRX tokens as a reward for every block produced, which is created every 6 seconds. 

Tronix(TRX) USD Price

Also known as Tronix, TRX is the native cryptocurrency of the Tron network. Here are its price spikes and troughs since its inception in 2017. 

  • Tron raised $70 million in fundraising through an Initial Coin Offering in 2017. Tokens were distributed among different network contributors.
  • Tron foundation got 34 billion TRX 
  • ICO investors received 40 billion TRX
  • Angel funders got 15.75 billion tokens of Tronix
  • Justin Sun's company, Peiwo Huanle Technology, acquired 10 billion TRX. 
  • The coin supply cap was set at 100 billion tokens of TRX. Although, it isn't a hard cap like Bitcoin. 

Tron's price reached various highs and troughs over the last five years. Its price started at $0.002  when it was created in 2017. In January 2018, it followed the crypto bull run to reach an all-time high of $0.22/ TRX

Then, it traded around 0.01 and 0.04 over the following two years. During the 2021 bull run, the coin reached a notable peak of 0.16 per coin. 

The 3Commas live market today ranks Tron ranks 17 amongst all cryptocurrencies by market cap. Tron’s price today is $0.06418 at October 2022. 

TRX has a supply of 92,370,000,000 TRX tokens in circulation. Check out its price action on our exchange page

A Brief History Of Tron

Tron was founded in 2017 by a nonprofit organization known as Tron Foundation. Led by Justin Sun, the cryptocurrency project started operations in Asia, specifically Singapore and Greater China. Then, it expanded its reach worldwide. Today, the network has over 50 million accounts. It provides a decentralized file-sharing, gaming, and software platform. The development of the cryptocurrency network went as follows

  • Tron token sale raised $70 million through Initial Coin Offering after launching in 2017. Shortly after, it was established as a top 10 cryptocurrency
  • Its Testnet, Blockchain explorer, and Web Wallet were launched in March of the following year. 
  • Two months after -May 2018- Tron launched its Mainnet
  • Tron migrated its protocol to a native peer-to-peer network in June 2018. Thus, ending its stay on Ethereum and TRX attachment to ERC-20
  • To actualize this, Tron DAO burnt ERC-20-based Tronix coins. Today, 99% of ERC-20 TRX had been burnt.
  • Tron foundation acquired BitTorrent on June 25, 2018, for $120 Million. This solution facilitated its peer-to-peer file-sharing network 
  • Justin Sun donated $4.57 million to a charity in 2019, which got him to lunch with well-known business mogul and Bitcoin skeptic Warren Buffett. The duo discussed cryptocurrency. 
  • The foundation also bought a Blockchain app store, CoinPlay, and a social media app, Steemit, in 2019 and 2020, respectively. 

Like many other Blockchain networks, Tron had its fair share of criticism over the years. In January 2018, it was accused of having a plagiarized whitepaper. It was also accused of using parts of Ethereum's code and violating Ethereum's copyright license. Tron, however, denied these accusations. Which later turned out to be false. 

In May 2019, HackerOne, a cyber security testing service, declared the Tron network as vulnerable to attacks through a Distributed Denial of Service (DDoS)

What Is Tron Used For? 

Tron aims to solve many pain points for consumers, artists, and developers. Here are what Tron is used for 

  • Decentralized File Sharing For Content Makers: Tron eliminates the monopoly enjoyed by file-sharing services by providing a decentralized alternative. This peer-to-peer internet allows creators to own and share entertainment content with their audiences. And earn Tronix tokens as compensation. 

Thus, content makers maintain full ownership and right of their creativity. While intermediaries like Netflix, YouTube, or Spotify won't be able to take a cut of their income. 

  • Decentralized Gaming: Tron network is also a decentralized platform for gaming. Whereby game developers create games on the network. Then, gamers can reward creators through TRX tokens.
  • Building Decentralized Applications: Tron is a software platform used to build dApps in a similar fashion to Ethereum. Developers can build any decentralized platform by writing code and smart contracts on the Tron network. 

What Makes Tron Unique 

YouTube, Netflix, Spotify, Amazon Prime Video. These are media platforms where you must pay an amount before accessing their content. Even though they aren't real owners of these intellectual properties, they take a cut on every content posted on their platforms. 

Meanwhile, Tron has positioned itself as an alternative to these media giants. Now, creators can share content without worrying about paying media houses a cut of their earnings. Whether you want to stream videos or music or download dApps, consumers pay creators/ developers directly. At the same time, no commission goes to intermediaries.  

In an age where every content is increasingly digitized, Tron has positioned itself as a cost-effective, non-exploitative alternative to these giants. 

Besides, Tron uses a delegated Proof of Stake system that gives it far more leverage than more established cryptocurrencies. Its dPoS ensures TRX earning is energy efficient; transaction gets processed lightning fast while nothing is charged on the transaction fee. This higher throughput and lower costs make it a far better option for smart contracts than Ethereum. 

Crypto fear & Greed Index

Latest Crypto Fear & Greed Index

Historical Values

NowGreed
60
YesterdayGreed
56
Last weekGreed
55
Last monthFear
29

Next Update

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FAQ

What is the live Price of TRON now?

Actual price of TRON to British Pound now is GBP 0.051167

What is the TRON ticker?

TRON ticker is TRX

Where to buy TRON?

You can buy TRON on any exchange or via p2p transfer. And the best way to trade TRON is through a 3commas bot.

Can I make money with TRON?

You should not expect to get rich with TRON or any other new technology. It is always important to be on your guard when something sounds too good to be true or goes against basic economic principles.

Can I make money with TRON?

You should not expect to get rich with TRON or any other new technology. It is always important to be on your guard when something sounds too good to be true or goes against basic economic principles.

What is the all-time high of TRON?

TRON (TRX) hit another all-time high over GBP 0.170763 in 05.01.2018.

What is the market cap of TRON?

TRON Market Cap is at a current level of 4.7B, up from 4.66B yesterday. This is a change of 0.83% from yesterday.

What is the 24-hour trading volume of TRON?

Latest 24-hour trading of TRON (TRX) is GBP 295,214,710.

How many TRON are there?

The current circulating supply of TRON is GBP 91,799,858,000 with the maximum amount of GBP 0.

What is the relative popularity of TRON?

TRON current Market rank is #18. Popularity is currently based on relative market cap.

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