TRX Overtakes Cardano as Tron Inc. Celebrates Nasdaq Bell Ringing – Crypto Rankings Shakeup
Tron Inc. just gave Wall Street a taste of crypto theatrics—ringing the Nasdaq bell while its TRX token booted Charles Hoskinson's Cardano (ADA) out of the #9 market cap spot. Talk about a power play.
Move over, 'academic blockchain.' TRX's surge proves hype beats peer-reviewed whitepapers—at least for today's traders. Meanwhile, finance bros nod approvingly at the Nasdaq photo op, ignoring the irony of a decentralized project cozying up to legacy markets.
One question remains: Will this trigger another Hoskinson Twitter rant, or has crypto finally outgrown its petty feud phase? (Spoiler: No.)
Tron’s TRX eyes breakout as on-chain revenue hits record $1B
Tron’s listing also coincided with broader volatility in the crypto market. It also surpassed fellow cryptocurrencies such as Cardano, whose ADA coin declined by 8%, as TRX grabbed the eighth spot as the biggest cryptocurrency by market capitalization, which currently exceeds $29 billion.
At the time of writing, TRX is going at $0.3149. Analysts are anticipating a short-term upward trend towards the 0.33-0.335 range. That price point has been a ceiling in the past. The $0.3067- $0.31 is being monitored by the technical traders. Should it break below, the sentiment may change, and the price may head to the $0.29 mark, according to projections.
TRX’s growth in 2025 is supported by fundamentals. The network saw more than 784 million transactions in Q2, second only to the number it had in Q3. According to CryptoRank reports, Tron is ranked among the first five blockchain networks in terms of transaction volume in the first half of the year.
On a financial level, the network earned almost $1 billion in on-chain revenue, a new record, in Q2 2025. Such revenue benchmark demonstrates a strong market demand towards the Tron infrastructure, particularly stablecoin issuers, along with DeFi protocols. The growing liquidity foundation and steady user base have allowed the blockchain to become a competitive force in transaction measures.
Sun’s political and DeFi ties with Trump family
Justin Sun has increased his presence in U.S. crypto politics, closely matching the Trump-affiliated World Liberty Financial (WLF) project. Sun has also become an advisor to WLF and accumulated tokens related to Trump valued at over $100 million, including the WLFI token and $TRUMP meme coin.
This past month, the token ventured outside of the Solana ecosystem and released on Tron, facilitated by the LayerZero network and a bridging layer provided by Stargate Finance. Sun hailed the event over social media, adding that the network now has a broader reach by asserting, “All roads lead to #TRON.”
Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
