TRON

A settlement network whose economic relevance is driven primarily by high-volume stablecoin transfers.

Reference price$0.325146+0.3% over 24 hoursJul 29, 2026, 6:07 AM UTC

Market capitalization$30.85B

24-hour volume$331.16M

24-hour range$0.323925–$0.325838

All-time high$0.431288-24.6% · Dec 4, 2024

The 360 Vantage

Thesis and failure mode

Qualitative MRTNZ judgment, explicitly separate from observed market data.

MRTNZ stanceTactical cash-flow proxyVery high risk

Constructive path

Low-cost cross-border stablecoin activity persists and creates durable fee demand for the network.

Failure mode

Concentration, regulatory exposure or competing payment rails erode the settlement franchise.

Observed performance

What the market has done

Returns are historical provider snapshots, not forecasts.

24 hours+0.3%

7 days-1.1%

30 days+1.0%

1 year-0.6%Trailing return

Token structure

Supply and dilution

Supply figures reflect provider-reported circulating, total and maximum units.

Circulating94.88B TRX

Total supply94.89B TRX

Maximum supplyNo fixed maximum

Max supply issuedNot applicable

Forward monitor

What matters next

These are the operating and market signals most likely to strengthen or invalidate the thesis.

01Stablecoin supply and transfer volume
02Fee revenue and energy-market mechanics
03Regulatory and governance concentration

Evidence

Sources and method

Price, market capitalization, volume, performance, supply and all-time-high data come from CoinGecko’s July 29, 2026 UTC market snapshot. Project websites and explorers provide protocol context. MRTNZ stance, constructive path, failure mode and watch items are house judgment.

CoinGecko market page →Official project site →Network or token explorer →