Just days before making its debut on Wall Street, Justin Sun’s TRON (TRX) has overtaken Cardano (ADA) to become the ninth-largest cryptocurrency by market cap. The timing is no coincidence. TRON Inc. is set to go public on Nasdaq on July 24, 2025, marking a major milestone for the blockchain’s journey into mainstream finance.
TRX is gaining momentum quickly, with daily trading volume jumping 30% to $1.64 billion, reflecting growing investor interest in the project and its role in decentralized finance.
TRON Inc. Gears Up for Nasdaq Debut
TRON Inc. will begin trading under the ticker symbol “TRON” after completing a reverse merger with SRM Entertainment last month. This move makes it the largest publicly listed company holding TRX tokens and underscores its push for greater transparency and legitimacy in the financial markets.
Justin Sun, the founder of TRON, will ring the Nasdaq opening bell live from Times Square, symbolizing the project’s entry into the traditional finance world.
TRON Inc. CEO Rich Miller called it a landmark moment, saying, “Ringing the Nasdaq Opening Bell marks a powerful milestone in Tron Inc.’s journey.”
He added that with Justin Sun onboard as Global Advisor, the company is focused on building long-term shareholder value through innovation and strong leadership.
TRX Climbs Past ADA in Market Rankings
TRX now holds a market cap of $29.2 billion, moving ahead of Cardano’s ADA, which has dropped to the tenth spot. TRX has gained 12% over the past week, signaling increasing confidence among both retail and institutional investors.
ADA, meanwhile, is trading below $0.80. TRX has seen a small dip of 3% in the last 24 hours, shedding about $500 million in market value, but the overall trend remains positive as excitement builds around the Nasdaq debut.
Gas-Free Feature Cuts TRX Fees by 70%
In early 2025, TRON introduced its Gas-Free feature, which has already led to a major drop in transaction fees. According to blockchain analytics firm Nansen, average weekly fees fell from 2.47 TRX to just 0.72 TRX, marking a 70% reduction.
The feature was developed in 2024 to make the network more cost-efficient and user-friendly. It has already started driving broader adoption and helped position TRON as one of the more scalable and accessible DeFi platforms in the market.
What’s Next for TRON?
With its public listing set for July 24, all eyes are now on TRX and how the market responds in the days to come. The token is currently trading at $0.30, down 3% on the day, but its overall momentum and strategic positioning remain strong.
