$0.3233
+15.5%past year

Code is moving, $24.9M in fees this month, sources agree.

Code

299+ commits in 90 days from 16 people

Human commits in the five most recently pushed repos.

Nov 9Nov 1
Last push
Nov 4, 2026
Last release
Oct 23, 2026
tronprotocol · CoinGecko, CoinMarketCap
Usage

$24.9M in fees over 30 days

Fees paid on this chain. Fees include what users pay to everyone, not just the protocol. Source: DefiLlama.

Nov 3Nov 2
Revenue, 30d
$24.9M
TVL
$5.11B
Numbers

CoinGecko and CoinMarketCap agree

CGCMC
Price$0.3195$0.3194Agree
Supply95B95BAgree
Mcap$30.4B$30.4BAgree
Volume$496M$484MAgree

We show both and don’t say which is right. CoinGecko, CoinMarketCap

Paper → real

About $30.4B of $30.4B is real

Selling everything at 2% a day would take 393 days.

Paper (all tokens)$30.4B
Market cap$30.4B
Real$30.4B

Real is the market cap scaled down when its order-book depth is below what is typical for a token of its size. An estimate, not a price. Venues we didn’t believe: BitDelta.

Where it lives

18 tokens under its ticker that no list knows

Solana Bridged TRX (Solana)Wrapped Tron
WrapperSolanaTRON GbbesP…LkKc$6.01M
WrapperEthereumTRON 0x5032…7AB5$738K
UnknownBNB ChainTRON 0x85EA…4D5B$456Kupgradeable
UnknownBNB ChainTRON 0xCE7d…12e3$240Kcan mint
UnknownBaseTRON 0xfA1d…F5F0$63.6Kupgradeable
UnknownSolanaTRON E6HfPH…DKfz$1.1Kclaims $9.14M

Copies are what DEX search finds under the same ticker. Liquidity counts only pools against real assets; a pool against a made-up token can claim any figure.

Leverage

$169M in open futures, 0.6% of the market cap

Closing them all by force would take 2.2 days of 2% sell depth.

Funding, 8h
-0.0075% · shorts pay longs
Futures volume
$77M · 0.2× the spot volume · open interest turned over 0.5×
Liquidated, 24h
longs $552 · shorts $99
Venues
Bybit, OKX, Hyperliquid, Binance

Perpetual futures on Binance, Bybit, OKX and Hyperliquid, read hourly; CME and other venues are not counted. Liquidations from Bybit (every one), Binance (the largest per second) and OKX (its latest orders each hour): a lower bound.

Where Hyperliquid positions get liquidated

longs, closed below the priceshorts, closed above

within 5%: longs $0 below · shorts $0 above

1 open positions of the largest accounts and busiest traders, whose liquidation prices Hyperliquid publishes. Exact, not a model, but Hyperliquid only.

On-chain

Its own chain: no token contract to check

Unlocks, 30 days
$48.6M · 0.098 days of trading

Read from the chain and GoPlus. Powers are facts about the contract, not a verdict on the team.

Run this project? Make it official.

Prove you run it and point us to your repo, supply page and unlocks. It appears here labelled as yours, next to what we found.

More dossiers