TRX token
Overview
TRX is the native token of the Tron blockchain, a platform for decentralized applications and smart contracts. It serves as the primary means of paying network fees, staking, and transferring value within the Tron ecosystem. TRX is also used as a reserve asset in various DeFi protocols and stablecoin mechanisms on the Tron network.
Within the DeFi Intel graph, TRX connects to 1 tracked entity, most strongly to USDD.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
backed_by | USDD | 90% |
More on TRX
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Frequently asked questions
What is TRX?
TRX is the native cryptocurrency of the Tron blockchain, used for transactions, staking, and paying gas fees on the network.
How is TRX used as a reserve asset?
TRX is used as collateral or backing for certain algorithmic stablecoins and in reserve mechanisms within DeFi protocols on Tron, such as for minting stablecoins like USDD.
What technical standard does TRX follow?
TRX is not a token on Tron; it is the native coin of the Tron blockchain and its technical specifications are defined by the Tron protocol itself.
What is TRX connected to?
In the DeFi Intel knowledge graph, TRX is linked to 1 other tracked entity, most strongly to USDD.
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