Layer 1

TRON (TRX)

TRX

TRON is a layer-1 blockchain that launched its mainnet in 2018, founded by Justin Sun. It's widely used as a low-cost network for transferring stablecoins like USDT, alongside supporting smart contracts and dApps.

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What TRON does

Provides a low-fee network commonly used to transfer USDT and other stablecoins
Supports smart contracts and decentralized applications
TRX is used to pay transaction fees ('bandwidth' and 'energy') on the network
Uses a delegated proof-of-stake consensus with a limited set of elected validators

Risks to know

Founder Justin Sun faced US SEC charges in 2023 alleging unregistered securities offerings and market manipulation
TRON's original whitepaper faced public plagiarism criticism from parts of other projects' documentation
Delegated proof-of-stake with a small validator set is more centralized than fully permissionless designs
A large share of network activity is stablecoin transfers, making usage partly dependent on stablecoin demand rather than TRON-native activity

Where to trade TRX

Top-rated exchanges by CompareCEX Score. Check the exchange's market list for TRX availability before depositing.

OKXcex

83.8/100CompareCEX Score v1

84% verified data coverage

See review

Binancecex

82.1/100CompareCEX Score v1

87% verified data coverage

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KuCoincex

78.6/100CompareCEX Score v1

82% verified data coverage

See review

Bitgetcex

76.5/100CompareCEX Score v1

67% verified data coverage

See review

HTXcex

76.3/100CompareCEX Score v1

74% verified data coverage

See review

Frequently asked questions

Who founded TRON?

TRON was founded by Justin Sun, who launched the project in 2017 and moved its mainnet live in 2018. Sun has remained a prominent public figure associated with the project.

Why is TRON popular for USDT transfers?

TRON offers low transaction fees compared to some other networks, which has made it a common choice for moving USDT and other stablecoins, particularly for exchange deposits and withdrawals.

What legal issues has TRON faced?

In 2023, the US SEC charged Justin Sun and several of his companies with fraud and unregistered securities offerings related to TRX and another token. The case has drawn attention to regulatory risk around TRON's founder.

Related coins

BNB (BNB)Toncoin (TON)Tether (USDT)

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