TRON keeps expanding. Crypto's fee-generating giant and second-largest chain by DeFi TVL has added $TRX spot and perpetual trading on Backpack. @trondao is still absent from Coinbase, but is listed on nearly everything else as the sleeping giant keeps building away.

What happened

TRON added spot and perpetual $TRX trading on the Backpack platform, expanding its market presence while still not being listed on Coinbase.

Confirmed

Global impact / market context

Adding $TRX trading on Backpack gives traders more ways to buy and sell, potentially raising transaction fees for TRON and strengthening its role as a key DeFi infrastructure provider.

Analyst inference

TRON is the second‑largest blockchain by total value locked in decentralized finance, meaning many DeFi projects use its network, which drives high transaction fees for the platform.

Confirmed

What to watch

1. Whether other major exchanges list $TRX, which could increase retail access and trading volume for the token. Analyst inference
2. Growth in Backpack’s user base and trading activity, which would boost TRON’s fee revenue and reinforce its DeFi dominance. Analyst inference
3. Regulatory developments affecting crypto exchange listings, as any new rules could impact TRON’s ability to list on platforms like Coinbase. Analyst inference

Evidence

• x.com