TRON · TRX
The leading settlement rail for USDT
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 · the fee burn hands back most of the new supply, and a little less each quarter.
TRX is the native coin of the TRON network, the chain most of the world's tethered dollars settle on. There is no cap: about 94.9B TRX are in the market, every block pays out new coins, and every fee paid in TRX destroys some.
Sell pressure. Block rewards added 352.4M TRX over the last 90 days — a fixed 136 TRX a block, paid to the block producer and the voters behind it. Nothing else releases supply: every TRX that exists is already in the market.
Buy pressure. Fees destroyed 237.0M TRX in the same window — about 67% of everything minted, and most of it energy paid by contract calls moving stablecoins.
Net. About +0.12% to market over 90 days — a whisker above flat, and drifting up rather than down as users rent energy instead of burning for it.
Every block pays out 136 TRX — 8 to the node that made it and 128 shared across the 127 super representatives behind it. The window ran 2,591,136 blocks at 3.001 seconds each, and the rate has not moved since Jun 13 2025.
Circulating supply and total supply are the same 94.9B — every TRX that exists is already in the market. The genesis lock ended Jan 1 2020 and no escrow, cliff or vesting contract remains.
Two identified holders are watched: a Nasdaq-listed treasury holding 711.9M TRX on Aug 30 2026, over 90% of it staked, which grows by $50,000 a day under a prepaid delivery deal with a related party rather than a bid on the open market — so it moves coins between holders, not into or out of the float; and the reserve backing the network stablecoin, whose TRX leg is known through official disclosure rather than a published address. Neither sold in the window. Everything else near the top of the holder list is exchange custody or unidentified.
No estate holds TRX on a trustee schedule. The 2026 bankruptcy payouts on Mar 31 2026 and Jul 31 2026 went out as cash, not tokens.
There is no buyback. The project's own Q1 and Q2 2026 reports describe a mint-and-burn supply model with no repurchase leg, and no wallet buys TRX on the open market for the protocol.
Energy and bandwidth paid for in TRX is destroyed rather than moved — the chain's own burn counter stands at 16.35B TRX and total supply falls by the same amount. About 80% of the window's burn is energy, which is mostly contract calls moving stablecoins.
No open-market TRX buying by the foundation or the reserve was evidenced in the window.
48.2% of supply is staked for energy and bandwidth, but staking unwinds in 14 days and already counts as float. No new lock contract with a stated size was announced.
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