TRON Surges to 9th in Crypto Rankings as Nasdaq Listing and 70% Fee Cut Boost Trading Volume 30%

TRON’s token (TRX) has surged to ninth place in global cryptocurrency rankings, overtaking Cardano (ADA) just before its Nasdaq debut on July 24, 2025 [1]. The milestone follows a 30% spike in trading volume to $1.64 billion daily and a 12% weekly price increase, driven by the project’s Nasdaq listing and a 70% reduction in user fees via the Gas-Free upgrade [2]. The platform’s market cap now stands at $28.8 billion, reflecting renewed investor confidence as TRON transitions from an entertainment-focused model to a blockchain-centric strategy.

The Nasdaq listing, achieved through a reverse merger with SRM Entertainment, marks TRON’s first step into Wall Street. Justin Sun, the founder, rang the opening bell alongside the TRON team, signaling his expanded role as Global Advisor for Tron Inc. [3]. The company, now trading under the ticker “TRON,” has restructured its operations to prioritize blockchain innovation while retaining its toy and merchandise supply chain for global brands. This dual focus aims to combine stable revenue streams with crypto-driven growth. Meanwhile, CEO Rich Miller emphasized transparency and decentralization, noting the firm’s control of the largest public TRX treasury to reinforce its strategic direction [4].

TRON’s Gas-Free feature, which slashes transaction fees to an average of 0.72 TRX, has been pivotal in boosting platform activity. The network processed 273 million transactions in May 2025, its second-highest monthly total ever [5]. Analysts attribute this growth to TRON’s scalability and cost efficiency, which have attracted developers to its DeFi ecosystem [1]. The platform’s shift from toys to blockchain is further underscored by its focus on integrating decentralized finance into treasury operations, offering investors exposure to both entertainment and crypto asset growth [4].

Despite the token’s on-chain success, the company’s stock faced a rocky start. On its Nasdaq debut, the equity fell nearly 5%, indicating mixed sentiment among institutional investors [4]. While TRX’s fundamentals and adoption metrics remain strong, the equity’s performance highlights the challenges of translating blockchain success into traditional market traction. Brave New Coin analysts suggest TRX could break above $0.56, citing its Gas-Free model and broader market trends [5]. However, Mitrade notes that the token’s $0.31 level has already been surpassed, with future gains contingent on macroeconomic factors and regulatory clarity [2].

TRON’s rise in rankings underscores growing investor appetite for projects with scalable infrastructure and clear use cases. Sustaining its top-10 position will depend on continued DeFi adoption and demonstrating long-term utility for developers and users. As the July 24 listing date looms, the market will closely watch whether institutional participation can bridge the gap between on-chain growth and equity performance [1].

Source:

[1] [Justin Sun's TRON Flips Cardano for Top 9 Crypto Spot as Nasdaq Debut Nears](https://coinpedia.org/news/justin-suns-tron-flips-cardano-for-top-9-crypto-spot-as-nasdaq-debut-nears/)

[2] [TRON (TRX) Above $0.31, But Is It Just the Beginning? Key Insights](https://www.mitrade.com/insights/news/live-news/article-3-985452-20250725)

[3] [TRON Climbs to Top 10 as Nasdaq Debut Nears](https://cryptofrontnews.com/tron-climbs-to-top-10-as-nasdaq-debut-nears/)

[4] [Tron Stock Slides In Nasdaq Debut After Reverse Merger](https://www.newsbreak.com/stocktwits-303303202/4130****23958-tron-stock-slides-in-nasdaq-debut-after-reverse-merger-with-srm)

[5] [TRON Price Prediction: Can Strong Fundamentals Drive a Breakout Above $0.56?](https://bravenewcoin.com/insights/tron-trx-price-prediction-can-strong-fundamentals-drive-a-breakout-above-0-56)