TRON Reaches 1-Day Trading Volume of $439.23 Million (TRX)

TRON (TRX) traded down 0.1% against the U.S. dollar during the 1-day period ending at 22:00 PM Eastern on August 30th. One TRON coin can currently be bought for about $0.16 or 0.00000270 BTC on popular exchanges. TRON has a market capitalization of $11.44 billion and approximately $439.23 million worth of TRON was traded on exchanges in the last 24 hours. In the last week, TRON has traded 0.2% lower against the U.S. dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Tezos (XTZ) traded up 0.3% against the dollar and now trades at $0.67 or 0.00001138 BTC.
• Terra Classic (LUNC) traded down 2.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 1.6% against the dollar and now trades at $0.38 or 0.00000645 BTC.
• Terra (LUNA) traded down 0.1% against the dollar and now trades at $0.35 or 0.00000598 BTC.
• GXChain (GXC) traded down 10.2% against the dollar and now trades at $0.32 or 0.00000544 BTC.
• Adshares (ADS) traded down 0.4% against the dollar and now trades at $0.23 or 0.00000383 BTC.
• BitShares (BTS) traded down 0.2% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

TRON Coin Profile

TRON (TRX) uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 86,783,199,040 coins and its circulating supply is 71,659,659,264 coins. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. The official website for TRON is trondao.org. The official message board for TRON is medium.com/@tronfoundation.

According to CryptoCompare, “Tron (TRX) is a decentralized blockchain platform that offers high scalability and availability for decentralized applications (DApps). It has a native cryptocurrency, TRX, which was originally an ERC-20 token on the Ethereum blockchain. Tron aims to create a decentralized internet and its infrastructure, and supports smart contracts with a number of decentralized apps built on top of its network. Its decentralized finance (DeFi) ecosystem has billions in total value locked. The Tron network uses a delegated Proof-of-Stake (dPoS) algorithm, with TRX token holders delegating transaction validation to 27 “super representatives.” Tron was created by Justin Sun and launched in 2017, migrating to its own blockchain in 2018. TRX is used to pay for transaction fees on the Tron blockchain, can be staked for earnings, and is used in the Tron DeFi ecosystem for financial services.”

Buying and Selling TRON

It is usually not possible to purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView