Tron (TRX) has risen in the cryptocurrency rankings, now holding the ninth position. This climb comes as the company associated with Justin Sun prepares for its introduction to the Nasdaq stock exchange. Concurrently, TRX’s trading volume has experienced a significant increase, jumping by 30% to exceed $1.64 billion daily. Reports suggest that Sun will participate in the opening bell ceremony at the Nasdaq on Wall Street this coming Thursday, July 24.
Tron Inc. Set to Debut on Nasdaq, Surpassing Cardano
Tron Inc., the organization connected to Justin Sun, has formally announced its Nasdaq listing for July 24. The company’s shares will be traded on Wall Street using the TRON ticker symbol. This development follows the blockchain platform’s announcement last month of a reverse merger with SRM Entertainment.
As the publicly traded entity with the largest holdings of TRX tokens, Tron Inc. is emphasizing both transparency and progress in the decentralized finance sector. Justin Sun, the blockchain platform’s founder, is scheduled to ring the opening bell live from the Nasdaq MarketSite in New York City’s Times Square. CEO Rich Miller stated regarding this milestone:
“The Nasdaq Opening Bell ceremony signifies a major achievement for Tron Inc. The addition of Justin Sun as a Global Advisor, combined with our continued growth in blockchain-based treasury assets, underscores our commitment to building lasting shareholder value through innovation and strategic leadership.”
TRX now ranks above Cardano’s ADA as the ninth-largest cryptocurrency, boasting a market capitalization of $28.8 billion. With a moderate increase of 12% over the past week, the altcoin is steadily climbing, solidifying its place among the top altcoins based on market capitalization.
TRX Transaction Costs See a 70% Decrease
Following the introduction of its Gas-Free feature earlier in 2025, the TRON network has observed a substantial reduction in transaction expenses. Data provided by Nansen, a blockchain analytics firm, reveals that average weekly transaction fees have dropped significantly, from 2.47 TRX to 0.72 TRX – representing a dramatic 70% decrease.
Introduced in 2024, the Gas-Free feature is intended to improve the user experience and encourage wider adoption by minimizing network fees. Currently, the TRX price is trading down by 3.3% at $0.30, with a market cap of $28.8 billion. Meanwhile, Cardano (ADA) has decreased by 10%, falling below $0.80 and slipping to the tenth position in the cryptocurrency rankings. The market’s reaction to the Nasdaq debut this Thursday will be closely watched to see if buyers become more active.
Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.
He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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