TRON (TRX) Overtakes Dogecoin in Market Cap as US Stablecoin Legislation Advances

TRON's TRX has surged past Dogecoin to claim the eighth spot in cryptocurrency market capitalization, now valued at $25.7 billion. This achievement comes amid significant progress in US stablecoin regulation, with the Senate approving the GENIUS bill in a decisive 68-30 vote. The legislation, which is now moving to the House, seeks to provide clear guidelines for stablecoin issuance, further solidifying TRON's position in the market. As of June 21, 2025, TRON's growth highlights its increasing influence and potential in the evolving digital asset landscape.

TRON Surpasses Dogecoin in Market Cap Amid US Stablecoin Legislation Progress

TRON's TRX has overtaken Dogecoin to become the eighth-largest cryptocurrency by market capitalization, now valued at $25.7 billion. The milestone follows significant progress in US stablecoin regulation, with the Senate passing the GENIUS bill in a 68-30 vote. The legislation, now headed to the House, aims to establish clear guidelines for stablecoin issuance.

TRON's rise is bolstered by its position as the second-largest blockchain for stablecoin market cap, trailing only Ethereum. Founder Justin Sun has engaged with US officials to explore how the blockchain can support digital asset innovation. The regulatory tailwinds could further cement TRON's role in the evolving crypto landscape.

Tron Energy Usage Surges 108% Amid Smart Contract Boom and Strategic Moves

Tron (TRX) is making waves with a 108% year-over-year surge in energy consumption, now hitting 200 billion energy units daily. This metric, tied to smart contract execution and user activity, underscores the network's growing technical demand. Staked TRX accounts for 80% of this energy use, signaling robust protocol participation.

Nasdaq-listed SRM Entertainment has struck a strategic deal with TRON founder Justin Sun, agreeing to acquire Tron tokens and rebrand as "Tron Inc." Sun will join as an adviser, edging Tron closer to becoming a publicly traded entity—a landmark shift for blockchain projects.

Despite geopolitical tensions rattling crypto markets, Tron's on-chain metrics reveal underlying strength. The token trades NEAR key demand levels as smart contract interactions accelerate, positioning it uniquely among public-facing blockchain enterprises.

Binance Dominates USDT Transfers on Tron Network with $3B Daily Volume

Binance has solidified its position as the primary facilitator of USDT liquidity on the Tron network, processing between $2 billion and $3 billion in Tether daily. This activity represents over 65% of all USDT transfers on Tron, eclipsing the combined volumes of rival exchanges.

The exchange's dominance underscores its role as a global liquidity hub for traders, institutions, and market makers. Tron's low fees and rapid settlement times have made it the blockchain of choice for large-scale stablecoin transactions, particularly among high-frequency traders leveraging Binance's platform.

CryptoQuant data reveals Binance moves $1 billion more USDT daily on Tron than competitors. This concentration of liquidity serves as a barometer for market sentiment, with large USDT flows often preceding capital rotation into altcoins or derivatives.