TRXS提供通过实际TRX持仓支持的产品的直接TRX敞口。

没有期货。没有衍生品。

在@CanaryFunds的TRXS常见问题解答中了解更多。 👇

@CoinDesk 和 @nansen_ai 2026年第三季度的研究突显了 TRON 在稳定币结算、支付、DeFi 和机构准入方面的规模。

✅ 73%的稳定币转账量。
✅ $92.7B+ USDT供应量。
✅ 加密卡支付量第一。

请阅读下方来自 @BusinessInsider 的完整报告。👇

加密概念股普跌，TRON Inc 大涨 22%

今日盘中，加密概念股整体承压，Coinbase、Strategy和Robinhood跌幅均在4%左右，MARA跌超5%，多只比特币矿企跌幅更大。与之形成鲜明对比的是，TRON Inc盘中一度上涨21.86%，走出独立行情。

我觉得有一点是TRON Inc在波场网络中的角色升级。10月19日公司宣布成为波场网络27个超级代表之一，当时排名第27，获得约7.6亿枚TRX委托。随后，公司节点迅速升至第一，委托规模增至约37.1亿枚TRX。

超级代表负责出块、验证交易和参与链上治理，同时获得相应奖励。这意味着TRON Inc已经不再是单纯持有TRX的加密财库公司，而是直接进入波场网络的基础设施运营环节。

这也构成了TRON Inc与Strategy等加密财库公司的核心区别。Strategy主要通过融资扩大比特币持仓，价值与比特币价格及融资能力紧密相关，TRON Inc则在TRX财库的基础上，进一步拓展质押和节点运营收入。

@justinsuntron @TRON_INC #TRONEcoStar

将区块链教育带到剑桥和牛津！🎓

TRON Academy 与 @camblockchains 和 @blockchainox 合作，由 TRON DAO 社区发言人 @SamElfa0 主持了一场研讨会，探讨 USDT 在 TRON 上的应用及其在支付和汇款中的实际用途。

Tron在24小时、7天和30天的收入排名中位列所有链之首，远超其他链。其月收入达到$23.41M。

哪些贡献符合#JustinSunPrize资格？🔍 2026年1月1日或之后完成的工作可能有资格。数学解决方案和Lean形式化将分别评估，付款需要完成整个奖励流程。完整详情👇

📊 USDD 2026年第三季度国库表现已发布！

收入攀升至季度新高970万美元（环比增长26.7%），主要得益于智能分配器的强劲表现。

💡 #USDD 第三季度表现
🔹 收入：970万美元（环比增长26.7%）🚀
🔹 盈亏：+970万美元
🔹 支出：7600美元

✨ 驱动第三季度表现的要素 ↓
▸ 国库总资产首次突破3000万美元，达到新里程碑
▸ 季度收入达970万美元，环比增长26.7%
▸ 智能分配器产生911万美元收入，仍是主要收入来源
▸ 季度支出环比下降69.4%，反映出色库效率提升

📈 又一个强劲季度的表现，巩固了#USDD对可持续增长和高效国库管理的关注。
探索完整仪表盘 →
你对#USDD在第四季度的期望是什么？👇

WIN首次回购销毁，6.74%总供应量永久退出流通

刚刚，WINkLink完成首次WIN回购销毁，通缩机制正式启动。

本次共销毁 673亿枚WIN，价值约359万美元，占总供应量约 6.74%。所有代币均已转入TRON黑洞地址，永久退出流通。

从2026年Q3开始，WINkLink将 100%的预言机服务收入用于持续回购WIN。

TRON生态增长 → 数据调用增加 → 预言机收入增长 → 回购并销毁WIN

目前，WINkLink为JustLend DAO、USDD等生态协议提供链上数据服务。未来随着多链部署和RWA数据服务推进，收入来源有望进一步扩大，回购规模也可能随之增长。

首次销毁总供应量的 6.74%，WIN的通缩机制已经开始运转。

@justinsuntron @WinkLink_Oracle #TRONEcoStar

TRON 销毁力度拉满 ！本季度又烧掉约 4637 万美元 🔥

距离 JST 首次销毁已近一年，这次季度销毁，JST、HTX 持续兑现，BTT 也首次加入业务收入回购销毁，三币合计销毁价值约 4637 万美元。

01｜JST 累计销毁突破 19%

本轮再次销毁约 1.71 亿枚 JST，价值约 2322 万美元。累计销毁已达 18.82 亿枚，占初始总供应量的 19.01% ，接近五分之一。

JustLend DAO 将协议净收益用于季度回购销毁，借贷、质押、能量租赁等真实业务，为持续回购提供资金支持。

从首次销毁至今，JST 涨幅已超 300%。JST 背后既有 JustLend 的业务支撑，也有持续执行的回购销毁，让协议经营成果与代币持有者的利益联系得更紧。

02｜BTT 首轮业务收入回购销毁，约 21.62 万亿枚

BTT 本轮销毁约 21.62 万亿枚，价值约 767 万美元。BitTorrent 全球客户端累计安装量已达 5.879 亿次。多年积累的分发网络与使用基础，如今进一步与代币回购机制结合。

回购资金来自去中心化业务收入，业务覆盖存储、网络基础设施及 AI 算力等领域。业务增长有了回购销毁这条路径，也让基础设施的经营成果能够进一步回馈生态和持有者。

03｜HTX 季度销毁，持续兑现承诺

HTX DAO 第三季度销毁约 9.39 万亿枚 HTX，价值约 1548 万美元。截至目前，累计捐助与销毁已达 127.18 万亿枚 HTX。

从 2024 年 Q3 开始，季度销毁持续执行，把业务收入用于减少代币供应。说过的话没有停在口头，而是一季一季落实，留下可核对的链上记录。

04｜把业务增长的红利，返哺生态与持有者

从 TRX 的日常销毁，到 JST、BTT、HTX 的季度回购销毁，波场生态的销毁机制正在覆盖更多业务。

DeFi、基础设施和交易平台产生的收入，持续转化为回购资金，让生态发展与代币供应之间有了更直接的联系。

把生态做大，也把业务增长的红利返哺给生态和持有者。业务持续做，代币持续烧。

@justinsuntron @DeFi_JUST #TRONEcoStar

BTT 首次回购销毁21.62万亿枚，占总供应量2.18%

就在刚刚，BitTorrent 完成首次回购销毁，共计永久销毁 21.62万亿枚 BTT，价值约760万美元。

本次回购资金全部来自 Q3 去中心化服务收入，100%用于回购并销毁BTT。这意味着BTT的通缩模型开始了。

生态服务产生收入 → 回购BTT → 永久销毁 → 流通量持续减少

目前，BitTorrent 已开始以统一主品牌运营，并形成服务Web3与AI的生态闭环：

1/ 去中心化内容分发持续创造真实服务收入。
2/ 去中心化AI推理计算服务，为生态引入算力需求和全新收入场景。
3/ Layer 2基础设施持续发展，为应用、开发者和链上资产提供底层支持。
4/ 生态收入用于回购销毁，让业务增长能够直接反哺BTT代币体系。

此次销毁不仅是BTT历史上的首次回购销毁，更意味着 BTT开始拥有由真实业务收入支撑的价值回流机制。

随着BitTorrent去中心化服务规模持续扩大，生态收入也有望同步增长。收入越高，回购销毁力度越强，BTT流通量越少，一个长期、可持续的通缩闭环正在形成。

首次销毁21.62万亿枚BTT，只是开始，BTT的通缩模型，正式启动。
@justinsuntron @BitTorrent #TRONEcoStar

小TRX JST回购销毁力度和价格表现DeFi第一
就在昨天，JST完成了协议收入100%回购销毁提案执行以来第五次销毁，共计销毁了 170,723,144 枚 JST，价值2353万美元，在过去一年累计销毁了118.4M，占总供应量的 19.01%。
这次销毁的资金来自两个方面，一部分是JustLend DAO 2026 年 Q3 净收入约 928 万美元以及往期存量收益约 1034 万美元。
对比了一下，在DeFi板块里面，过去一年JST的回购销毁金额虽然排名第二，但是UniSwap的销毁中包括国库中的583M，用以回购销毁的收入大约57M，低于JST的118.4M一倍多。因此JST在DeFi板块中过去一年回购销毁力度应该是第一名。
同时在DeFi板块中，JST在过去一年的价格表现排名第一，涨幅334%。在Top100代币中排名第二，也就是说投资JST，在过去一年可以跑赢99%的主流代币。
JST牛逼的地方在于生态规模增长依托的是TRON的稳定币结算和能源市场，并非单纯依赖牛市的存借，同时生态矩阵全部闭环输血JST，短短一年时间真金白银回购销毁了1亿多美金。
毫无疑问，JST已经在DeFi板块中弯道超车，整个板块的回购销毁力度和价格表现都是断崖第一名。
@justinsuntron @DeFi_JUST #TRONEcoStar

HTX过去一年销毁力度 平台币排名第二

过去一年里，各平台币都有不同的表现，我这里对比了BNB、HTX、GT、OKB、BGB五个平台币的销毁市值和流通市值，发现HTX的力度排名第二，仅次于GT。

很多人只看绝对金额，不看销毁 / 流通市值，其实这个比值也非常重要，从这里来看，HTX和BNB同档，甚至略高，绝对金额差BNB一大截 是市值体量差太多，但是含金量丝毫不差。

从季度销毁金额来看，Q2季度销毁了1360万，Q3季度销毁了1548万。因为HTX的销毁金额是平台营收的一半，所以证明HTX的Q3季度营收相较于Q2季度增长了13.82%。

HTX有没有提升和增长，看数据就行。

@justinsuntron @HTX_Molly #TRONEcoStar

Huobi连续48个月披露资产证明，4年坚持
储备金证明是让用户能够定期了解平台资产储备情况的一种方式。
能4年如一日坚持披露的，几乎没有几家。
火币做到了，节奏稳定、数据公开、储备金率始终高于100%。
希望火币继续保持，把透明度和用户资产安全放在更重要的位置。
@justinsuntron @HTX_Molly #TRONEcoStar

Huobi, things you don't know

A few days ago, I attended a Huobi dinner in Singapore.

I originally thought this was just a gathering among industry friends. Until the sharing on HTX's changes over the years began at the event, I realized that the "Huobi" we are familiar with is quite different from what many people remember.

Mentioning Huobi, many old users think of the last bull market, spot trading, and its once central position in the industry. Others might recall the ups and downs, controversies, and changes over the past few years.

But what I heard that day wasn't a story deliberately avoiding the lows and only talking about achievements.

Instead, I heard an honest statement: "This industry is always full of cycles and uncertainty. Whenever everyone thinks they've reached the hardest point, the market often continues to test you."

Perhaps, this is the most worthwhile aspect of Huobi being re-recognized today.

A trading platform that has survived for over a decade is itself the answer.

In every cycle, new platforms emerge. They grow rapidly, have a large voice, but may also be forgotten by the market in a short time.

Looking back over the past decade or so, many familiar names have faded from view, yet Huobi remains.

The word "remains" sounds simple, but behind it lie policy changes, market bulls and bears, liquidity crises, collapses in industry trust, and repeated scrutiny from users.

Several quotes from the event left a deep impression:
"In every cycle, we thought we had reached the bottom of industry volatility, but the market always made us bear more. It is precisely these uncertainties that better reveal a platform's true vitality."

"Whether a platform can exist long-term ultimately depends not on any single marketing campaign or transaction volume in a specific bull run, but on its safety foundation, user trust, and whether it can still do things well during the worst market conditions."

"Huobi reaching today doesn't mean it didn't encounter problems. Quite the opposite, it means it continued despite encountering problems."

This might be the first thing many overlook: in an uncertain industry, surviving long enough is itself a capability.

You think Huobi has stayed in place, but it has actually been moving forward.

From CoinGecko, CoinMarketCap, DeFiLlama, to Similarweb, HTX's rankings across multiple dimensions have shown significant improvement.

There was no deliberate avoidance of the gap with top platforms, nor did it use phrases like "returning to the peak" to create emotion. Instead, it repeatedly emphasized one thing:

"Rather than staring at others every day, let's first see if we are continuously moving forward."

This sentence is plain but very real.

In the past few years, discussions about Huobi in the market often focused on "who it used to be." But what the platform seems to truly care about has become "how much progress has been made today compared to yesterday."

Rankings are not the only answer, but they are an observable window. At least it shows that Huobi hasn't rested on past stories but is actively replenishing products, services, and business structure, gradually taking back what was lost.

This isn't an overnight counterattack, but more like a long repair process, which is often harder than starting from scratch.

Many old users' deepest impression of Huobi remains spot trading.

But the disclosed business structure might break many people's固有 perceptions.

After two to three years of adjustment, HTX's trading structure has changed significantly. Currently, contract trading accounts for about 80% of overall trading, approaching 90% when the market is active.

In other words, today's Huobi has gradually transformed from the "spot platform" in many people's memories into a comprehensive trading platform where both spot and derivatives are important, with contract business holding a significant position.

Platform changes essentially respond to user changes.

Another overlooked change: large clients are returning.

That night, another number made me stop and think for a long time. According to the sharing at the event, the proportion of institutional and VIP clients at HTX has now recovered to about 8.7%, nearing its historical high levels again.

For a trading platform, the recovery of institutional and VIP client proportions reflects not just changes in transaction volume, but more importantly, a healthier customer structure.

The word "service" was repeatedly mentioned at the event.

"When exchange functions become increasingly similar and product differences shrink, what ultimately retains users may not be an extra button or an extra promotion, but whether the platform steps up when users encounter problems."

"Serving every customer well" - in this industry, willing to bow down and do service has become a scarce thing.

The most important asset between a platform and its users is never a slogan, but trust. Trust is built slowly, but lost in a day.

The event also shared news of a newly accelerating business, TradFi.

Frankly speaking, HTX is not the earliest leader in this direction. Huobi did not shy away from this, but directly admitted:

"Compared to industry top platforms, HTX's systematic investment in TradFi started relatively late. However, from data perspective, the monthly trading scale of related businesses is growing significantly and becoming a new engine for business growth."

These days after the dinner, I kept thinking: What does Huobi want most right now?

Is it to return to a certain ranking?

To re-enter the top few in the industry?

Or to prove it never left?

Probably none of these.

There weren't many激昂 slogans that day. Instead, some ordinary-sounding words were repeatedly mentioned: safety, service, users, trust.

"Platforms that have experienced peaks are most easily trapped by the past."

"Because everyone compares today with their most glorious times. But true growth is not constantly reminding others how strong you once were, but acknowledging changes, accepting gaps, and then setting off again."

Time will give the answer.

@justinsuntron @HTX_Molly #TRONEcoStar

TRON ecosystem cumulative burn value has reached $6.464 billion
Looking at several ecosystem tokens together
The intensity of burns is more intuitive than imagined
Calculated by initial or maximum supply:
TRX has cumulatively burned 17.93%
JST has cumulatively burned 17.28%
HTX has cumulatively burned 11.78%
SUN has cumulatively burned 3.41%
Among them, TRX has cumulatively burned 17.934 billion tokens
Valued at approximately $6.014 billion at current prices
Adding JST, SUN, and HTX
The currently confirmed total burn value is approximately $6.464 billion
Next quarter, WIN and BTT will also use 100% of their decentralized business revenue for buybacks and burns
The TRON ecosystem is exerting force on both demand and supply sides simultaneously:
Expanding user, transaction, and application demand on one hand
While continuously tightening token supply through burns on the other
The significance of burning is to convert a portion of the value created by the ecosystem
Into long-term scarcity of tokens
The more active the ecosystem, the more continuous the value回流
Equivalent to continuously feeding back the dividends generated by on-chain growth
to the ecosystem and holders
@justinsuntron #TRONEcoStar

过去一年 波场总收入26.4亿美金
但很多人不知道的是
其中接近90%都分配给了TRX的质押者

持有TRX并质押/买入TRXS
原来就是让孙哥每天不眠不休给你打工
@justinsuntron #TRONEcoStar

字少事大，火币HTX 月资金净流入华语第一

对于CEX来说，交易深度、用户信任和产品体验，最终都会反映在资金流动上。

火炼真金。
@justinsuntron @HTX_Molly #TRONEcoStar

👏

我按阶段性增速测算，

用户增长之外， API，让开发者能够通过同一套接口调用不同模型，并在Codex等工具及Agent工作流中快速切换。

而且

从100万到300万，

@justinsuntron @BAI_AGI #TRONEcoStar

🇸🇬 TOKEN2049: Tron founder Justin Sun says AI agents using crypto will be the industry's biggest use case within five years.

TRON在2026年第三季度累计交易量突破30万亿美元。🌐

最新生态系统报告强调，稳定币供应量、总锁定价值（TVL）和活跃地址持续增长，同时网络交易活动保持稳定。

通过@Cointelegraph阅读更多内容 👇