TRON

The Canary Staked TRX ETF, trading under the ticker TRXS on NASDAQ, has launched as one of the newest single-token crypto funds that pass through on-chain staking yield to shareholders, giving conventional brokerage accounts exposure to Tron without wallet, custody, or exchange friction. With only six trading days of history and a most recent close of $24.80 on September 16, 2026, the fund is too young to judge on trailing returns, so the first quarterly distribution notice will be the single most informative document, revealing the effective net staking APR versus Tron's advertised network staking rate. The dominant macro driver is the health of the Tron network itself, where weekly USDT transfer volume and the active staked TRX ratio determine both token demand and the staking rewards that fund distributions. Layered on top is the SEC's evolving stance on staking-inclusive crypto ETFs, with any enforcement signal or amended exemptive order flowing directly through to the fund's distribution profile. Two early-stage mechanics also matter: tracking error to TRX spot, which can widen around weekend crypto market opens when the ETF is closed, and bid-ask spreads on this new low-AUM fund, which can erode a quarter or more of expected annual yield if investors trade at market rather than using limit orders.

Crypto asset exchange bitFlyer announced on September 16 that it will begin handling four tokens — Tron, Gram, Cosmos, and XDC Network — on its sales platform. Trading will start around 1:00 p.m. on September 29, with the first purchase under its "Kantan Tsumitate" accumulation service set for September 30. Tron is a blockchain known for its strength in decentralized application development, Cosmos is a foundation for connecting different blockchains, XDC Network is a platform for business-to-business transactions such as trade finance, and Gram is the native token of The Open Network, a blockchain developed by the founders of the messaging app Telegram. The addition comes as domestic exchanges are notably consolidating their token lineups. On September 4, BitPoint announced the delisting of six tokens and SBI VC Trade three, followed on September 9 by GMO Coin announcing the delisting of three tokens.

Canary Capital has launched TRXS, the first staked ETF tied to TRON's TRX token, bringing a staking feature to Wall Street's newest crypto fund. The fund stakes the TRX it accumulates and passes 80% of those rewards back to holders as staking-related fees, effectively giving investors a yield for holding the asset. TRX has been one of the few cryptocurrencies to perform well every year, up four years in a row, largely because half of Tether's assets under management are used on Tron. Around the world, most people sending small amounts of stablecoins use Tron wallets because the network is cheap and fast, without much concern for which network they are on. Whether the single-asset ETF succeeds remains unknown, but Canary Capital is betting there is still appetite for it, and Wall Street's embrace of staking is no surprise given the ability to charge two separate fees.

On-chain analysis firm Lookonchain reported on August 26 that the total number of users on the blockchain TRON reached 400 million in 8.16 years, a faster pace than Bitcoin or Ethereum. Bitcoin took 9.4 years to reach 400 million users, while Ethereum took over 10 years, making TRON the fastest to achieve this milestone. TRON is characterized by low transaction fees and high-speed processing, and its usage has expanded mainly in emerging markets as a transfer infrastructure for the dollar-pegged stablecoin USDT. According to DeFiLlama data, the total circulating supply of USDT across all chains is approximately $183.2 billion, of which about $91.482 billion circulates on the TRON network, accounting for roughly half of the total.

Tron has surpassed 15 billion cumulative transactions, a milestone that places it among the busiest public blockchains. The network reached the threshold quietly, often receiving less attention than ecosystems like Ethereum or Solana. The achievement underscores Tron's sustained high transaction volume despite its lower profile in industry discussions.

Anchorage Digital, home to America’s first federally chartered crypto bank, has expanded its support for the TRON Network with native TRX staking and custody for TRC-20 assets. The expansion enables institutions to securely custody TRON-based assets and participate in network staking through the same regulated platform they already use for digital asset custody. Institutions can now stake TRX directly through Anchorage Digital, earning protocol staking rewards while maintaining security, operational controls, and regulatory standards. The launch builds on Anchorage Digital’s earlier addition of custody support for the TRON blockchain, which allowed institutions to hold TRX through its regulated platform and self-custody wallet Porto. TRON has become a leading blockchain for stablecoin settlement, with the largest circulating supply of USD Tether exceeding $90 billion, more than 392 million total user accounts, over 14 billion transactions, and more than $26 billion in total value locked.

TronBid has launched a transparent marketplace for renting TRON Energy at lower cost. The platform aims to help users who regularly transfer USDT on the TRON blockchain reduce transaction costs by providing access to affordable Energy rentals. Users without sufficient Energy often face higher TRON network fees in TRX, and TronBid addresses this issue by offering a marketplace solution.