TRON (TRX): The quiet giant powering billions in daily transfers
While blockchain headlines often focus on Bitcoin's price movements or Ethereum's latest upgrades, one network has quietly positioned itself as the backbone of global digital payments, powering billions of dollars in daily transactions.
This article examines TRON's evolution from a content-sharing vision to becoming the world's largest stablecoin network, while evaluating its unique technology, growing ecosystem and TRX's investment prospects in light of recent developments.
Key Takeaways:
TRON is a high-performance blockchain network that supports decentralized applications with fast processing, minimal fees and scalable infrastructure.
Looking to trade TRON tokens? Bybit offers the TRX/USDT Spot trading pair and TRXUSDT Perpetual contract with competitive fees and deep liquidity.
What is TRON?
TRON is a high-performance blockchain network that supports decentralized applications (DApps), with fast processing, minimal fees and scalable infrastructure. The platform has become the world's dominant stablecoin infrastructure, processing a daily average of $20 billion in USDT and handling nearly half of all global stablecoin volume.
History of TRON
TRON emerged in 2017 when Justin Sun and his Singapore-based TRON Foundation set out to revolutionize digital content distribution. Drawing inspiration from the 1982 sci-fi classic Tron, Sun envisioned a platform on which content creators could share their work freely without intermediaries taking substantial cuts from earnings.
The project initially launched as an Ethereum token before migrating to its own mainnet in 2018, gaining the independence needed for its unique consensus mechanism and fee structure. That same year, TRON acquired BitTorrent, the world's largest peer-to-peer file-sharing service, for over $120 million.
The platform's growth accelerated in 2019 with the launch of TRC20-USDT in partnership with Tether, making TRON one of the first alternative networks to host the popular USDT stablecoin. Strategic partnerships followed, including a notable collaboration with Samsung that enabled TRX support on Galaxy S10 devices.
By 2020, TRON had established itself as a formidable blockchain platform, launching the JustSwap decentralized exchange (DEX) and surpassing 1,400 DApps, with over 10,000 daily active users. In late 2021, the platform transitioned to TRON DAO, becoming a community-governed decentralized autonomous organization.
From 2022โ2024, TRON transformed into a stablecoin powerhouse, steadily gaining market share from Ethereum through cost advantages and reliability. This culminated in May 2025, when TRON officially overtook Ethereum as the world's largest stablecoin network, with over $74.7 billion in USDT in circulation.
What does TRON aim to achieve?
TRON has positioned itself as a community-governed DAO dedicated to building the infrastructure for a truly decentralized internet. Its stated goal is to "make TRON the way the world spends, receives and settles money."
The platform's current focus encompasses three primary areas: enabling developers to build innovative DApps, with low barriers to entry, providing fee-free blockchain technology through its unique resource model and fostering web3 adoption through educational initiatives and developer support programs, such as the TRON Builders League.
TRON's emphasis on stablecoin infrastructure has emerged as a natural result of this mission, rather than as the primary goal itself. TRON provides the reliable, low-cost foundation that makes global digital payments economically viable.
How does TRON work?
TRON operates as a high-performance blockchain network using delegated proof of stake (DPoS) consensus, which enables remarkable transaction speeds of up to 2,000 transactions per second (TPS) while maintaining low fees. The network relies on 27 super representatives (SRs) whom TRX holders elect to validate transactions and produce blocks.
The platform features a three-layer architecture for optimal performance:ย
Core layer: processes consensus and block production
Application layer: executes smart contracts via the TRON Virtual Machine
Storage layer: maintains all blockchain data
TRON's unique resource model distinguishes it from other blockchains by using โBandwidthโ and โEnergyโ instead of traditional gas fees. Bandwidth measures transaction size in bytes, while Energy quantifies computational requirements for smart contract execution. Users can obtain these resources by staking TRX tokens, effectively enabling gasless transactions.
The network's smart contract capabilities support multiple programming languages, with Solidity being the primary choice for developers migrating from Ethereum. This compatibility, combined with familiar development tools like TronBox (similar to Truffle) and Tron-IDE (similar to Remix), reduces barriers for developers entering the TRON ecosystem.
TRON DApps
TRON's DApp ecosystem spans multiple categories, including decentralized finance (DeFi), gaming and entertainment. The platform's high throughput and low costs make it particularly attractive for applications requiring frequent user interactions.
SunSwap (formerly JustSwap) serves as TRON's largest DEX, utilizing an automated market maker (AMM) model similar to that used by Uniswap. The platform enables instant token swaps and liquidity provision, allowing users to earn fees from their deposited assets.
JustLend DAO functions as TRON's premier lending protocol, allowing users to deposit tokens for interest or borrow against collateral. The platform's automated liquidation mechanisms and transparent smart contracts provide traditional banking services without intermediaries.
SunPump has emerged as a popular platform for launching meme coins and new tokens on TRON, capitalizing on the success of Pump.fun. The platform's user-friendly token creation tools have driven significant on-chain activity, and have become a key contributor to the growth of TRON's ecosystem.
TRON's IPO
TRON announced plans in June 2025 to go public in the United States through a reverse merger with Nasdaq-listed SRM Entertainment. The deal, orchestrated by Dominari Securities LLC, will see TRON inject up to $210 million in token assets into the newly formed entity, which will be renamed TRON Inc.
This transaction represents the first instance since regulatory clarity began emerging in 2025 that a major cryptocurrency platform is pursuing a traditional public market listing. Eric Trump is expected to take a role in the company, highlighting the growing connections between the Trump familyโs businesses and the cryptocurrency industry.
This IPO follows a strategic pause in the SEC's investigation into fraud against Justin Sun and TRON-related entities, which occurred after President Trump signaled support for more lenient cryptocurrency regulation. Sun has strengthened ties with the Trump family through investments in World Liberty Financial and participation in exclusive events hosted by the Trump family.
TRON road map
TRON has solidified its position as the world's largest stablecoin network, with recent achievements highlighting its growing dominance. In May 2025, the platform surpassed Ethereum with over $74 billion in USDT circulation, processing 29% of global stablecoin transactions and demonstrating its crucial role in international payments.
The platform's momentum accelerated in 2025 with the announcement of major partnerships, including integrations with MoonPay for direct USD-to-TRX purchases and Chainlink for secure oracle data feeds. These collaborations have strengthened TRON's DeFi ecosystem.
Most significantly, TRON announced plans to go public through a $210 million reverse merger with Nasdaq-listed SRM Entertainment in June 2025. The deal, orchestrated by Dominari Securities with ties to the Trump administration, will create TRON Inc., and represents the first major cryptocurrency platform to pursue a traditional public market listing.
TRON's technical road map focuses on ambitious upgrades, including parallel transaction execution, Bitcoin Layer 2 integration and enhanced cross-chain capabilities through the expansion of BitTorrent Chain.ย
TRX tokenomics
TRX serves as TRON's native token, with approximately 94.8 billion tokens currently in circulation and no maximum supply cap. The token powers all network operations, ecosystem activities, governance and TRON's unique resource model.
Users stake TRX to obtain Bandwidth and Energy resources, enabling gasless transactions across the network. TRX holders also vote for the 27 super representatives who validate transactions and govern the protocol, earning 3โ6% annual staking rewards in the process.
TRON implements deflationary mechanisms through periodic token burns while expanding utility through partnerships like World Liberty Financial's USD1 stablecoin integration, positioning TRX as an institutional settlement infrastructure.
TRX price prediction
While cryptocurrency price predictions are inherently speculative, several analysts have offered forecasts for TRX's future value. CoinCodex projects that TRX will trade between $0.29 and $0.55 in 2026, with an average price of $0.37. Looking further ahead to 2030, its forecasts suggest a range from $0.70 to $0.78, indicating significant long-term growth potential.
Changelly offers a similar outlook, predicting that TRX could reach around $0.48 by 2026. CoinCheckup maintains a bullish perspective, estimating that TRX will reach $0.37 within one year from the date of its analysis (June 2025).
These projections suggest a positive long-term outlook for TRX, supported by TRON's growing market share in stablecoin transactions and expanding use cases. However, TRX's future value will ultimately depend upon TRON's ability to maintain its competitive advantages and to successfully navigate regulatory challenges and broader cryptocurrency market conditions.
Where to buy TRX
Looking to trade TRON tokens? Bybit offers the TRX/USDT Spot trading pair and TRXUSDT Perpetual contract, with competitive fees and deep liquidity. To get started, you'll need to create a Bybit account, fund it with cryptocurrency and navigate to either the TRX/USDT Spot trading page or TRXUSDT Perpetual contract page.ย
Is TRX a good investment?
While TRON represents a dominant force in the global stablecoin infrastructure via its high-throughput blockchain and cost-effective solutions, investors must carefully weigh its significant growth potential against relevant risk factors.
Growth potential
Dominant stablecoin market position, with $74 billion in USDT and 29% of global stablecoin transaction volume
Upcoming IPO through reverse merger with Nasdaq-listed SRM Entertainment, which provides institutional legitimacy and access
Near-zero transaction fees and gasless capabilities position TRON favorably for emerging market adoption
TRONโs high-performance blockchain processes over 8โ9 million daily transactions, with room for significant scaling
A growing DeFi ecosystem, with platforms like SunSwap and JustLend gaining substantial traction
Risk factors
Regulatory uncertainty persists despite recent positive developments, with the paused SEC investigation still unresolved
Competition from Ethereum Layer 2 solutions and other blockchain platforms could erode market share
TRX shows promising potential with its established stablecoin market dominance and strategic positioning. Growing demand for cost-effective blockchain solutions, particularly in emerging markets, supports its continued adoption. However, potential investors should conduct thorough research and consider their level of risk tolerance.
Closing thoughts
TRON has evolved from an ambitious content-sharing vision into the world's largest stablecoin network, processing billions of dollars in daily transfers with remarkable efficiency. With its upcoming IPO, expanding DeFi ecosystem and strategic positioning in emerging markets, TRX presents strong upside potential in the crypto market.
#LearnWithBybit