Tron (TRX) Flips Cardano (ADA) as Tron Inc. Debuts on Nasdaq
Tron (TRX) Overtakes Cardano (ADA) Before Nasdaq Debut
Tron (TRX) has risen to ninth place in cryptocurrency rankings, surpassing Cardano (ADA) as Tron Inc. prepares to debut on Nasdaq. The daily trading volume of TRX has increased by 30%, reaching over $1.64 billion. Justin Sun is scheduled to ring the Nasdaq opening bell on Wall Street on Thursday, July 24.
Tron Inc. to Trade on Nasdaq
Tron Inc., founded by Justin Sun, has officially announced its Nasdaq debut for July 24. The company will trade on Wall Street under the TRON ticker following a reverse merger with SRM Entertainment last month.
As the publicly listed entity with the largest TRX holdings, Tron Inc. emphasizes transparency and aims to advance decentralized finance. Justin Sun will participate in the opening bell ceremony live from the Nasdaq MarketSite in Times Square. According to company CEO Rich Miller:
“Ringing the Nasdaq Opening Bell marks a significant milestone in Tron Inc.’s journey...This moment highlights our long-term vision to build shareholder value through innovation and strategic leadership.”
TRX now ranks above Cardano's ADA as the ninth-largest cryptocurrency, boasting a market cap of $28.8 billion. With a 12% increase over the past week, TRX is moving toward becoming a top altcoin by market capitalization.
TRX Transaction Costs Decline by 70%
Since introducing its Gas-Free feature in early 2025, TRON has seen a substantial decrease in transaction costs. Data from Nansen indicates that average weekly transaction fees have dropped from 2.47 TRX to 0.72 TRX—a 70% reduction.
The Gas-Free feature, introduced in 2024, is designed to improve user experience and encourage wider adoption by minimizing network fees.
As of now, TRX is trading down by 3.3% at $0.30, with its market cap at $28.8 billion. Cardano (ADA) has decreased by 10%, falling below $0.80 and slipping to the tenth position. The market's response following the Nasdaq debut on Thursday will be closely monitored.
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