Why Did Tron (TRX) Soar 10.83%? Nasdaq Debut, Milestones Fuel Surge

Tron (TRX) surged by 10.83% in pre-market trading on July 28, 2025, driven by the Nasdaq debut of TRON Inc. and the network's recent milestones. This significant rise propelled TRX above Cardano (ADA), making it the ninth-largest cryptocurrency by market cap.

Justin Sun, the founder of TRON, rang the opening bell at the Nasdaq ceremony, marking a pivotal moment for the cryptocurrency. This event, coupled with the network's strategic upgrades, has bolstered investor confidence and market momentum. The introduction of the Gas-Free feature earlier this year has been particularly impactful, reducing transaction fees by 70% and driving a surge in network activity and adoption.

TRON's market cap now stands at $30.1 billion, surpassing Cardano's $29.3 billion. The network's strategic upgrades and high-profile Nasdaq debut have enhanced its legitimacy, visibility, and investor confidence, positioning it for greater liquidity and adoption. Additionally, TRON DAO's announcement that USDT on its blockchain had surpassed $80 billion in circulation further solidifies its position as a leading platform for stablecoin transactions.