TRON · TRX
The leading settlement rail for stablecoins
The dominant settlement rail for USDT, and you must hold TRX to move value on TRON — held back only by supply that grows slightly (~0.1% a quarter) as rewards modestly outpace the burn.
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TRX · rewards minted, fees burned, almost even.
TRX is the native coin of TRON — ~94.9B circulating, no fixed cap; rewards mint new TRX and transaction fees burn it.
Sell pressure. Super Representatives mint 3.92M TRX a day as block and vote rewards — 352.4M over 90 days.
Buy pressure. Fees burned 258.9M TRX and a listed treasury company bought ~13.5M — together 272.4M, just short of issuance.
Net. Close to flat — the mint edges out the burn by about +0.08% over 90 days.
The only source of new TRX. Super Representatives mint 3.92M TRX a day in rewards — 8 TRX per block to the producer plus 128 TRX shared across voters — which came to 352.4M TRX over the last 90 days on-chain. There is no cap and no halving; the reward rate was cut from 176 to 136 TRX per block in June 2025 and has not changed since.
No live vesting. The 2017–2018 genesis and sale allocations finished distributing years ago, and circulating supply now sits within 1.9M TRX of total supply — there is no locked bucket left for a team, investor or foundation cliff to release.
No scheduled release. TRON DAO and foundation wallets hold TRX on no published programme, and nothing was booked into the market this window. The largest identified team-linked balance is the listed treasury company's 705.3M TRX — it is growing, not releasing, so it is tracked as a buy-side overhang in Buy #3 rather than a sell-side one.
No bankruptcy estate or court-ordered distribution applies to TRX. TRX frozen for energy and bandwidth or staked for votes locks supply rather than adding it; the staked balance actually fell from 46.41B to 45.83B across the window.
TRON runs no protocol buyback. There is no on-chain program that buys TRX on the open market.
The main offset. Every transaction fee on TRON is burned, and the chain destroyed 258.9M TRX over the last 90 days — about 2.88M a day. Because TRON is the biggest settlement rail for dollar-stablecoin transfers, this burn rises and falls with stablecoin volume, and it now runs a little below the mint rather than above it.
A listed treasury company buys about $50,000 of TRX a day on the open market under a disclosed 360-day programme — roughly 13.5M TRX over 90 days. Its holdings rose from 681.2M TRX in February to 705.3M TRX in July, so it is accumulating; the buys remove float from the tradable market without changing minted supply.
No programmatic lock. Freezing TRX for energy and bandwidth is user-driven with no announced quantum, staked TRX stays in circulating supply, and the total staked balance shrank rather than grew this window.
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