TRON's TRX Surges to 9th Largest Digital Asset, Overtakes ADA on NASDAQ Push and 70% Fee Cuts

TRON’s native token, TRX, has surged to the ninth-largest digital asset by market capitalization, overtaking Cardano’s ADA as trading volume spiked ahead of its anticipated NASDAQ listing. The shift follows a 30% surge in TRX’s trading volume to $1.64 billion, driven by heightened investor interest and the platform’s strategic upgrades, including a recent Gas-Free feature that slashed transaction fees by 70% [1]. The milestone occurs as TRON Inc. finalizes its NASDAQ debut via a reverse merger with SRM Entertainment, a move that positions the blockchain platform as one of the latest crypto-native entities to seek traditional market validation [2].

The market cap crossover reflects broader shifts in capital flows, with TRX’s valuation reaching $30.1 billion compared to ADA’s $29.3 billion. This growth is attributed to TRON’s cost-efficient infrastructure, which has bolstered decentralized finance (DeFi) adoption and attracted developers and stablecoin issuers. Nansen data highlights the platform’s reduced transaction fees—from 2.47 to 0.72 TRX—enhancing usability and scalability [1]. Meanwhile, USDT on TRON’s blockchain has surpassed $80 billion in circulation, further cementing its role as a leading stablecoin platform [1].

TRON’s public market entry, marked by founder Justin Sun ringing the opening bell on July 24, 2025, under the ticker “TRON,” underscores institutional and retail confidence in its ecosystem. The platform’s partnerships, including cross-chain integrations like the $TRUMP token, have amplified liquidity and utility for TRX holders. Analysts note that the timing aligns with a broader trend of capital shifting toward stablecoins and high-volume altcoins, contrasting with Ethereum-based protocols experiencing outflows [2].

However, TRON faces challenges from emerging blockchains and established rivals such as Solana, which continues to see elevated trading volumes. Sustained adoption, regulatory clarity, and differentiation in a competitive landscape will determine the longevity of TRX’s market position [2]. The NASDAQ listing could attract a new investor demographic, but the platform must navigate evolving regulatory environments and technological advancements to maintain momentum.

The convergence of strategic corporate moves, such as TRON’s public market debut, and infrastructure upgrades signals a dynamic phase for the crypto market. As traditional financial institutions increasingly engage with crypto assets—evidenced by Ethereum ETF inflows and regulatory developments—the performance of TRX will serve as a key indicator of investor sentiment toward blockchain-based enterprises in mainstream finance [2].

Source: [1] [TRX Ranks Ninth as Tron Inc. Confirms Nasdaq Market Entry] https://coinedition.com/tron-inc-sets-nasdaq-debut-after-srm-merger-as-trx-overtakes-ada-to-ninth-place/

[2] [Cardano News Today | Latest ADA Updates] https://www.bitget.com/price/cardano/news