TRX traded at about $0.329 on 25 October 2026, according to CoinGecko. That is roughly 24% below its all-time high of $0.4313, set on 3 December 2024. The most widely cited model forecast, from CoinCodex, puts TRX at $0.3618 by the end of 2026, about 10% above today, and at $1.53 in 2030. These are model outputs, not facts. On the same page CoinCodex rates near-term sentiment as bearish. The rest of this article covers the drivers you can actually measure: stablecoin settlement, fees, token issuance, staking and the first US staked TRX ETF.
TRX at a glance (25 October 2026)
| Metric | Value | Source |
|---|---|---|
| Price | $0.3290 | CoinGecko, 09:22 UTC |
| Market cap | $31.24 billion (rank 8) | CoinGecko |
| Circulating supply | 95.01 billion TRX | CoinGecko |
| All-time high | $0.4313 (3 Dec 2024) | CoinGecko |
| All-time low | $0.0018 (11 Nov 2017) | CoinGecko |
| 30-day change | −2.7% | CoinGecko |
| 1-year change | +10.4% | CoinGecko |
All-time-high figures differ by data aggregator. The earlier version of this page cited about $0.449. This version uses CoinGecko's record throughout.
The newest developments
Q3 2026: $2.21 trillion in stablecoin settlement (report dated 23 October 2026)
TRON DAO's State of TRON Q3 2026 report puts the network's July–September stablecoin settlement at $2.2126 trillion. That is up 5.1% from $2.106 trillion in Q2, an average of $24.05 billion a day. Nansen's separate report, covered by crypto.news on 22 October, gives the same headline figure of about $2.21 trillion.
Other figures from TRON DAO's report:
- Stablecoin supply on TRON (USDT + USDD): $93.88 billion, up 5.5% from Q2 and 14.9% from Q3 2025.
- Monthly active addresses: 18 million on a rolling average, up 9.8% from 16.4 million.
- Transactions: about 1.10 billion in the quarter, flat against Q2. Nansen counts 1.0748 billion successful transactions, and neither source reconciles the two numbers.
- Network fees: $701.4 million. The daily average fell 4.0% to $7.62 million.
- Cumulative transaction volume: passed $30 trillion as of 23 September 2026.
Three caveats matter for anyone using these numbers to judge TRX demand:
- The settlement total has no split between payments and transfers to or from trading venues, so it cannot be read as payment volume. Nansen points this out itself.
- The core figures come from TRON DAO and from a single analytics firm, not from independent audits.
- Visa's methodology for stablecoin data filters out automated and inorganic transfers. That kind of activity can inflate raw totals, and no adjusted TRON figure has been published.
DefiLlama's data tells the same story from another angle. On 25 October 2026 it showed $94.02 billion in stablecoins on Tron, second only to Ethereum's $142.89 billion.
September 2026: the first US spot staked TRX ETF
Canary Capital launched the Canary Staked TRX ETF (ticker TRXS) on 9 September 2026. The fund's SEC prospectus (Form 424B3, dated 8 September 2026) sets out these terms:
- an annual sponsor fee of 1.10% of the trust's TRX holdings
- at least 90% of the trust's TRX staked "under normal circumstances"
- staking fees expected at 20% of rewards, so the trust keeps 80%
- BitGo Bank & Trust, N.A. as custodian
- pricing against the "CoinDesk Tron Benchmark Rate"
The ETF gives regulated US access to TRX. No public data yet shows how much TRX the fund holds.
What could TRX voting rewards pay you?
Pick your Super Representative's brokerage share and how much staked TRX you think is voting to see an average yearly voting reward.
| Voting rewards paid per year (128 TRX per block, 28,800 blocks a day) | TRX staked at the end of Q3 2026 | Share of staked TRX that is used to vote | Brokerage share your Super Representative keeps | Average yearly voting reward, in TRX |
|---|---|---|---|---|
| 1.35 bn TRX | 45.71 bn TRX | 100 % | 20 % | 2.36 % |
| 1.35 bn TRX | 45.71 bn TRX | 100 % | 0 % | 2.95 % |
| 1.35 bn TRX | 45.71 bn TRX | 75 % | 10 % | 3.54 % |
- The voting-share and brokerage values are your own inputs; only the yearly pool and the staked total come from the article.
- The result is an average across all voters, paid in TRX; it is not a quoted rate.
This shows a rough average in TRX only. It leaves out the 8 TRX block reward, changes in the staked total, the unstaking wait and the TRX price, so it says nothing about your return in dollars.
What drives the TRX price
Fees: why stablecoin traffic matters for TRX
TRON charges for network use in two resources, Bandwidth and Energy. According to TRON's developer documentation:
- Bandwidth costs 1,000 sun (0.001 TRX) per byte.
- Energy costs 100 sun (0.0001 TRX) per unit.
- Users can stake TRX to receive these resources instead of paying in TRX. When staked resources and the free Bandwidth quota run out, the network burns TRX to cover the cost.
This is the link between stablecoin activity and TRX. Each USDT transfer uses resources that someone either stakes TRX for or pays for by burning TRX. Daily fees fell 4% in Q3 even though settlement grew, so the link is not one-to-one.
Supply: issuance versus burns
TRX does not have a fixed supply. In Q3 2026 the network created 360.2 million TRX and burned 234.5 million, for net issuance of about 125.8 million TRX (TRON DAO). Burns offset 65.1% of new issuance, down from 75.6% in Q2. Net issuance was about 0.13% of the circulating supply for the quarter. Supply grows when fee burns fall short, so lower fee income works against holders in two ways.
Staking and governance
According to TRON's developer documentation:
- TRON uses Delegated Proof of Stake. The 27 candidates with the most votes become Super Representatives (SRs) and produce a block every 3 seconds.
- Staking TRX gives Bandwidth or Energy plus TRON Power, which is used to vote.
- Each block pays 8 TRX to the SR that produced it.
- A further 128 TRX per block is shared by vote weight among the top 127 SRs: the 27 active SRs plus 100 SR Partners.
- Each SR keeps a brokerage share before paying voters. The default is 20%.
- Unstaking has a waiting period set by a chain parameter.
At the end of Q3, 45.71 billion TRX was staked, a staking ratio of 48.16% (TRON DAO).
What the voting reward is worth, in rough arithmetic based on those parameters:
- One block every 3 seconds is 28,800 blocks a day.
- 28,800 × 128 TRX is about 3.69 million TRX a day, or about 1.35 billion TRX a year.
- Spread across 45.71 billion staked TRX, that is about 2.9% a year before brokerage, or about 2.4% after the default 20%.
This is an average, not a quote. Not all staked TRX is used to vote, and each SR sets its own brokerage, so your actual yield will differ. Check the current rate on TRONSCAN before staking. Rewards are paid in TRX, so your return in dollars also depends on the TRX price. For the basics, see our guide to crypto staking.
Concentration and regulation
Most of the value moving on TRON is stablecoins, mainly USDT. Rules that restrict USDT issuance or its use would hit the network's main use case directly. Founder risk is a second factor. TRON's website says Justin Sun founded the project in September 2017, and news about him has long moved the token.
TRX price prediction: what the models say
| Horizon | CoinCodex forecast (page updated 25 Oct 2026) | Change vs $0.3291 |
|---|---|---|
| 5 days | $0.3359 | +2.1% |
| 1 month (24 Nov 2026) | $0.3613 | +9.8% |
| End of 2026 | $0.3618 | +9.9% |
| 2030 | $1.53 | +363.7% |
The forecast rests on a single model. CoinCodex says its algorithm extrapolates from past TRX price data, volatility and the Bitcoin halving cycle. It does not use TRON's fee or supply data. The page is also inconsistent about 2027: its FAQ gives a range of $0.3289–$0.3712, while its monthly table shows averages of roughly $0.44–$0.50. Treat the 2027 figure as unreliable.
How to use these numbers:
- Short term: the model expects a small rise, but 20 of the 29 technical signals it tracks point down.
- To 2030: the $1.53 figure would need TRX to grow about 4.6 times. Its market cap is now about $31 billion and supply is still growing slightly, so that path would need far higher fee demand or much larger burns than in Q3 2026.
- The useful signals are the ones above, published every quarter: stablecoin supply on TRON, fees, the burn-to-issuance ratio and the staking ratio. A falling burn ratio with flat fees is a weaker setup than the headline settlement number suggests.
FAQ
What is the TRX price today?
About $0.329 on 25 October 2026 (CoinGecko), with a market cap of about $31.2 billion, ranked eighth.
What is the TRX price prediction for 2026?
CoinCodex's model projects $0.3618 by the end of 2026. No other model was checked for this article, and none of them predicts reliably.
What is the TRX price prediction for 2030?
CoinCodex projects $1.53. That would need TRX to grow about 4.6 times from today's level.
Is there a TRX ETF?
Yes. The Canary Staked TRX ETF (TRXS) launched in the US on 9 September 2026. It charges a 1.10% sponsor fee and stakes most of its TRX.
Can I stake TRX?
Yes, natively. You stake TRX for Bandwidth or Energy and vote for Super Representatives. Using current chain parameters, the average voting reward works out to roughly 2–3% a year before price changes. Your actual rate depends on the SR you choose.
Limitations: the network figures come mainly from TRON DAO's own Q3 report, and the forecast comes from one model. This article is not investment advice.
