Tron Prepares for Nasdaq Listing Amid 150% DeFi Growth

Tron (TRX) has been in a consolidation phase since December 2024, with prices fluctuating between key levels without a clear direction. Despite this, the blockchain platform has garnered significant attention due to recent fundamental developments. Notably, Tron is preparing to go public through a reverse merger with a Nasdaq-listed company, which could be a major milestone as it would be the first major crypto network to enter US public markets directly.

On-chain data indicates growing momentum within the Tron ecosystem. According to CryptoQuant, DeFi activity on the Tron network has been expanding. This is evidenced by rising transaction volumes, increasing deposits in JustLend, and record swap activity on SunSwap. SunSwap has consistently surpassed $3 billion in monthly swap volume throughout 2025, with May setting a record at $3.8 billion. JustLend deposits have more than tripled year-to-date, peaking at $740 million. These developments suggest deepening liquidity and growing demand across Tron’s DeFi ecosystem.

Stablecoin inflows and increasing borrowing activity further reinforce Tron’s expanding utility, indicating that the network is becoming a robust settlement layer. While the price remains range-bound, the fundamentals hint at a strong foundation for future upside once a technical breakout materializes. The market is closely watching for the next major catalyst, whether it be Tron’s public listing or accelerating DeFi traction, as momentum quietly builds.

Tron is currently testing critical price levels after months of sideways movement, consolidating between $0.211 and $0.295. This range has acted as a structural base since late 2024, and a clean break in either direction could determine Tron’s next major trend. A breakout above $0.295 would likely trigger fresh momentum toward new local highs, while failure to hold support could expose the asset to deeper corrections.

While the broader crypto market anticipates upward expansion, supported by the rally in US equities and a more stable macro backdrop, Tron remains trapped in this tight band. Volatility persists, and without a decisive breakout, market participants remain cautious. However, underlying fundamentals suggest TRX may be quietly gathering strength. TRX is currently trading around $0.2813, maintaining its position near the upper boundary of the long-standing consolidation range. The asset has shown resilience above the 50-day, 100-day, and 200-day moving averages, all of which are trending upward, supporting the bullish outlook. The 50-day SMA at $0.2508 and the 100-day SMA at $0.2289 are providing dynamic support, indicating strong buyer interest on dips.

Price action throughout June remained sideways, with low volatility and volume consistent with a classic consolidation phase. Despite multiple rejections below the $0.295 resistance, TRX has not shown any signs of structural weakness, holding firmly above $0.26–$0.27 and gradually building pressure toward a breakout. Volume has remained stable, though not yet signaling the kind of breakout momentum that would confirm a move into higher price discovery. Traders are watching closely for a clean candle close above $0.295 to validate a bullish continuation. If successful, TRX could rally toward the $0.32–$0.35 zone, with minimal overhead resistance.