- Tron (TRX) has overtaken Cardano (ADA) to become the ninth-largest cryptocurrency.
- Tron Inc. will debut on Nasdaq on July 24 through a reverse merger.
- TRX transaction fees dropped 70% after launching its Gas-Free feature.
Tron (TRX) has climbed to the top ten position in global cryptocurrency rankings, overtaking Cardano (ADA) as its market cap hit $28.8 billion. This shift comes ahead of Tron Inc.’s public debut on the Nasdaq through a reverse merger with SRM Entertainment. The move, set for Thursday, July 24, will list the company under the TRON ticker symbol.
The listing represents a major step for Justin Sun’s blockchain firm. Sun is scheduled to ring the Nasdaq opening bell from the MarketSite in Times Square, a symbolic moment underscoring Tron Inc.’s ambitions in decentralized finance (DeFi) and tokenized asset strategies.
Trading activity around TRX surged ahead of the debut. Daily trading volume rose more than 30% to exceed $1.64 billion, signaling increased interest from both retail and institutional participants.
Nasdaq Listing Strengthens Tron’s Market Position
The upcoming Nasdaq debut adds another layer of credibility to Tron’s presence in the blockchain space. Tron Inc., which holds the largest reserve of TRX tokens, aims to leverage its public listing to scale operations and increase transparency in its financial structure.
Rich Miller, CEO of Tron Inc., stated the listing demonstrates the company’s long-term commitment to shareholder value and blockchain innovation. The appointment of Justin Sun as Global Advisor is also expected to strengthen the strategic direction.
On the other hand, Cardano’s ADA has slipped 10% to trade under $0.80. Its market cap now places it tenth among global digital assets.
TRON Network Sees 70% Drop in Fees
Alongside its market push, TRON has continued optimizing its network infrastructure. The blockchain recently rolled out a Gas-Free feature aimed at reducing transaction fees. According to data from analytics firm Nansen, average weekly fees have dropped from 2.47 TRX to 0.72 TRX, a 70% decline.
The Gas-Free function, introduced in 2024 and expanded in early 2025, enhances user experience by eliminating most cost barriers to transaction processing. This change is expected to encourage broader adoption, especially in emerging markets and among blockchain-based gaming platforms.
At press time, TRX trades at $0.30, down 3.3% daily but holding a strong weekly gain of 12%. The market now awaits the official Nasdaq bell-ringing event to assess whether the listing will further fuel bullish momentum for the token.
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