 
 
TRON (TRX) has been in an overdrive mood after recently surpassing Cardano (ADA) to become the 9th largest cryptocurrency by market cap.
This shift occurred as TRX trading volume surged by 30% to $1.64 billion, indicating a significant increase in investor interest and market momentum.
Additionally, this momentum was built just before TRON Inc. made its debut on the Nasdaq stock exchange on July 24, 2025, following a reverse merger with SRM Entertainment.
Founder Justin Sun rang the opening bell as trading launched under the ticker “TRON.”
A major driver of this momentum is TRON’s Gas-Free feature, launched earlier this year, which slashed transaction fees by 70%, driving a surge in network activity and adoption.
 
Nansen data shows TRX transaction fees dropped 70%, from 2.47 to 0.72 TRX, enhancing network usability and fueling DeFi growth. This cost-efficiency is drawing developers, content creators, and stablecoin issuers to the TRON ecosystem.
TRON’s market cap currently stands at $30.1 billion, whereas that of Cardano is $29.3 billion.
Therefore, the surge in volume and market cap shift highlight TRON’s strategic upgrades and its high-profile Nasdaq debut, boosting legitimacy, visibility, and investor confidence in greater liquidity and adoption.
Meanwhile, TRON DAO announced last month that USDT on its blockchain had surpassed $80 billion in circulation, fueling the stablecoin boom and solidifying TRON’s position as a leading platform for stablecoin transactions.
Source: https://zycrypto.com/tron-overtakes-cardano-as-volume-jumps-before-nasdaq-debut/