TRON (TRX) has officially climbed to the ninth-largest cryptocurrency, overtaking Cardano (ADA) after a 30% surge in daily trading volume to $1.64 billion. The rally comes just before Tron Inc. makes its Nasdaq debut on July 24, where founder Justin Sun will ring the opening bell.
TRON’s Nasdaq Listing: A Major Milestone
Tron Inc. will trade under the ticker symbol “TRON” after completing a reverse merger with SRM Entertainment. As the largest holder of TRX tokens, the company aims to boost transparency and decentralized finance (DeFi) adoption.
Rich Miller, Tron Inc. CEO, stated:
“Ringing the Nasdaq bell marks a pivotal moment for TRON. With Justin Sun as Global Advisor, we’re focused on long-term innovation and shareholder value.”
Why TRX is Outperforming ADA
- Market cap: $28.8B (TRX) vs. ADA slipping below $0.80
- Weekly gains: TRX up 12%, while ADA dropped 10%
- Trading volume spike: TRX surged 30% in 24 hours
TRON’s Gas-Free Feature Cuts Fees by 70%
Since launching Gas-Free transactions in 2025, TRON has seen:
- Average fees drop from 2.47 TRX to 0.72 TRX
- 70% reduction in costs, boosting adoption
- Price at $0.30, down 3.3% but holding strong
Will the Nasdaq Listing Fuel a Rally?
With TRX now ahead of ADA, all eyes are on whether the Nasdaq debut will trigger a bullish breakout. If momentum holds, TRX could challenge higher-ranked altcoins in the coming weeks.