$TRX is the native token of Tron, a general-purpose blockchain officially launched in May 2018. Its main objective is to apply blockchain technology and smart contracts to accelerate the decentralization of the internet.
During the bull market of 2020 and 2021, the Tron network became popular as a cheap alternative to Ethereum for transferring stablecoins.
Currently, almost 50% of all issued USDT lives on the Tron network. In total, Tron has more than $44 billion in stablecoins.
