TRON (TRX) Breaks $0.32 as Nasdaq Listing Fuels Institutional Interest and 30% Volume Surge
TRON (TRX) has surged to $0.32, marking a 1.57% gain following its landmark Nasdaq debut via a $100 million reverse merger by TRON Inc. Trading volume spiked 30% to $1.64 billion, reflecting heightened institutional interest despite a $136 million decline in network Total Value Locked (TVL). The Relative Strength Index (RSI) at 65.11 suggests neutral momentum with potential for further upside. Justin Sun's participation in the opening bell ceremony highlighted this milestone, blending blockchain innovation with traditional finance. This development underscores TRON's growing influence in the crypto space and its ability to attract institutional capital, positioning TRX for potential future gains as market sentiment remains bullish.
TRON (TRX) Breaks $0.32 as Nasdaq Listing Sparks 30% Volume Surge
TRX price surged to $0.32, marking a 1.57% gain, following TRON Inc.'s landmark Nasdaq debut via a $100 million reverse merger. Trading volume spiked 30% to $1.64 billion, signaling heightened institutional interest despite a $136 million decline in network TVL.
The RSI at 65.11 suggests neutral momentum with room for upside. Justin Sun's opening bell ceremony underscored the milestone, blending blockchain innovation with Wall Street legitimacy—a narrative now reflected in TRX's market performance.
Tron Network Strengthens USDT Dominance as P2P Transactions Surge
Tron Network has solidified its position as the leading blockchain for USDT transactions, with wallet-to-wallet transfers now accounting for over 70% of activity. Peer-to-peer volumes have tripled since 2023 while exchange-based USDT flows maintain significant scale at $10 billion daily.
The migration of USDT activity from centralized platforms to direct transfers suggests growing organic usage of Tron's payment infrastructure. Despite CEXs still processing 40% of total USDT value flows, the $15 billion daily volume in off-exchange transactions marks a threefold increase from early 2023 levels.
TRON Coin Price Potential Amid Dominance in USDT Transfers
TRON's price has dipped 5.5% from recent highs, yet the network's fundamentals appear robust. Messari data reveals tron now dominates stablecoin movement, processing $21.3 billion in daily USDT transfers—surpassing even PayPal's volume. With 50.6% of global USDT supply residing on its chain, the network's growing utility could propel TRX past the $0.50 resistance level.
The ecosystem demonstrates accelerating adoption, with daily transactions climbing 12.6% to 8.6 million and active wallets reaching 2.5 million. This organic growth, coupled with TRX's deflationary mechanism—94.8 billion tokens remain after Q2 burns—creates a compelling supply-demand dynamic. As DEX activity intensifies, particularly on SUN V3, TRON solidifies its position as a hub for both stablecoin transfers and decentralized trading.