TRX
TRON's native token — both gas for the network and collateral in JustLend lending markets.
TRX is the native cryptocurrency of the TRON network, a Delegated Proof-of-Stake blockchain optimized for high-throughput stablecoin payments. TRX serves as gas for TRON transactions, staking collateral for network validators (Super Representatives), and is a direct collateral asset in JustLend DAO's lending markets. Users who post TRX as collateral on JustLend can borrow USDT, USDD, or other TRC-20 assets, or stake it into sTRX to earn governance and Energy Rental yield. JustLend's TRX lending market is one of the largest on-chain collateral pools by TVL on any non-Ethereum chain.
- TRX is the native gas token of TRON and the staking collateral for its 27-node Delegated Proof-of-Stake validator set.
- JustLend DAO is the primary lending venue for TRX on TRON mainnet; TRX collateral TVL approximately $661M as of the TVL snapshot cited in the prompt.
- TRON's DPoS consensus requires 27 Super Representatives elected by TRX stake-weighted voting; Super Representatives earn block production rewards distributed to stakers.
- TRON and Hyperliquid were the only top-10 chains by TVL to grow their TVL during the 2026 DeFi TVL downturn per CryptoRank analysis (June 2026).
- JustLend's SBM V2 upgrade (June 17, 2026) added isolated collateral markets that separate TRX risk from the broader USDT lending pool, reducing cross-collateral contagion.
Frequently asked questions
Is TRX a good collateral asset in DeFi?
TRX is liquid and has deep order books, but it is a governance token of a relatively centralized blockchain (27 Super Representatives), which introduces tail risks absent from ETH or BTC. For borrowing USDT on TRON's JustLend, TRX is the primary local collateral option, so users who hold TRX and want TRON-native liquidity have few alternatives.
Why is TRX important for the TRON USDT ecosystem?
TRX staking generates Energy and Bandwidth, which are consumed by TRON transactions including USDT transfers. High USDT transfer volumes create strong Energy demand, which in turn creates demand for TRX-staked Energy rentals on JustLend. This loop makes TRX utility directly dependent on USDT transfer volume — the more USDT moves on TRON, the more valuable TRX energy production becomes.
What is Justin Sun's relationship to TRON and JustLend?
TRON was founded by Justin Sun and is closely associated with him, though TRON Foundation claims decentralized governance. Sun holds significant TRX and is a prominent Super Representative voter. JustLend DAO is the primary DeFi protocol on TRON, with governance by JST token holders. Users should factor Sun's outsized influence on network direction into their risk assessment of TRON-denominated DeFi positions.