TRON (TRX) Surges Past Cardano in Market Cap as Justin Sun Celebrates Nasdaq Milestone

TRON has achieved a significant milestone by surpassing Cardano to become the ninth-largest cryptocurrency by market capitalization, with a valuation exceeding $29 billion. The network's impressive performance includes processing over 14 billion transactions and generating cumulative fees surpassing $2 billion. Justin Sun, the founder of TRON, further solidified the platform's corporate achievements by ringing the opening bell at Nasdaq on July 24, 2025. This event followed Tron Inc's rebranding and a substantial $100 million equity investment, signaling strong growth and adoption for the TRON ecosystem. As of July 28, 2025, TRON continues to demonstrate robust momentum in the cryptocurrency market, positioning itself as a key player in the decentralized finance sector.

TRON Surpasses Cardano in Market Cap as Justin Sun Rings Nasdaq Bell

TRON has overtaken Cardano to become the ninth-largest cryptocurrency by market capitalization, now valued at over $29 billion. The network's robust performance includes processing more than 14 billion transactions and generating cumulative fees exceeding $2 billion.

Justin Sun marked a corporate milestone by ringing the opening bell at Nasdaq on July 24, following Tron Inc's rebranding and a $100 million equity investment to establish a TRX treasury. The blockchain now hosts over $80 billion in USDT, surpassing ethereum in stablecoin supply and daily transfers.

Analysts project steady upward momentum for TRX, with price targets between $0.40 and $0.45 by September. The network's daily transaction volume averages 8-9 million, nearly double its closest competitors.

BNB's All-Time High Sparks Altcoin Rally as Ethereum ETFs Draw $2.4B Inflows

BNB surged to a record $855 on July 28, 2025, igniting bullish momentum across altcoins. The breakout reflects institutional positioning for broader market upside, with Ethereum ETFs absorbing $2.4 billion in debut-week inflows—including a $452.8 million single-day inflow on July 25 that capped a $4.57 billion monthly total.

TRX, SKY, SUI, and HYPE show breakout potential as the Altcoin Season Index climbs. SKY trades cents below its $0.102 peak after clearing $0.0918 resistance, while derivatives data reveals whale accumulation across all four tokens. Ethereum's 50% rally post-ETF approval has set the stage for altcoin strength heading into Q4 2023.

Tron Dominates USDT Circulation with $1 Billion Mint, Capturing 50% Market Share

Tether has minted an additional $1 billion USDT on the TRON blockchain, marking another milestone in the network's dominance of stablecoin issuance. The transaction, executed without gas fees, brings Tron's total USDT supply to 82.69 billion—representing over half of the circulating supply. Arkham Intelligence data confirms the tokens remain in Tether's reserve for future deployment.

The TRON network has absorbed 23 billion new USDT in 2025 alone, with 8 billion minted since June. This acceleration underscores the blockchain's growing appeal for stablecoin transactions, where low fees and high throughput outperform competitors. Ethereum now trails with 79.8 billion USDT as users increasingly migrate to Tron's infrastructure.

"USDT on tron has become the preferred choice for millions of users around the world because it is fast, stable, and accessible," said Justin Sun, founder of Tron. The network's technical advantages continue to reshape stablecoin flows, with real-world utility driving adoption.