Tron, the blockchain network led by Justin Sun, is set to become a U.S.-listed public entity through a reverse merger with SRM Entertainment, a small Nasdaq-traded company, according to a Financial Times report published Monday.
The deal bypasses the traditional IPO process, with Sun’s digital asset platform contributing $210 million worth of TRX tokens to capitalize the new entity, which will be rebranded as “Strategy of Tron.” TRX, Tron’s native token, climbed nearly 5% on the news to $0.28, temporarily overtaking Dogecoin in market value. Both coins currently trade at market caps around $26.5 billion, based on CoinGecko data.
Tron’s public market pivot comes amid easing regulatory pressures. The U.S. Securities and Exchange Commission dropped its 2023 lawsuit against Sun earlier this year, reversing course from the crypto crackdown pursued by former chair Gary Gensler.
The reverse merger structure allows Tron to list faster and with less scrutiny, a route previously taken by several digital asset firms seeking to gain a foothold in U.S. capital markets.
Solana Posts Another $1 Billion Quarter
Meanwhile, Solana continues to post blockbuster revenue figures, with the blockchain’s app ecosystem generating over $1 billion for the second consecutive quarter, according to the Solana Foundation’s Network Health Report released June 20.
Monthly application revenue peaked at $806 million in January, followed by $376 million in February, driven primarily by retail trading of meme coins and viral token launches. Platforms like Pump.fun, along with the rise of politically themed assets—such as Trump and Melania meme tokens—contributed heavily to network fees and on-chain economic activity.
Source: Solana Network Health Report
Solana’s revenue model has matured rapidly, with protocol improvements, developer retention, and validator incentives reinforcing network stickiness. Fees from decentralized exchanges and other on-chain services now represent a core indicator of Solana’s performance—positioning it as one of the top-grossing Layer 1 blockchains.
The foundation’s report underscores a broader shift in blockchain economics: application revenue and user engagement are replacing token speculation as metrics of long-term viability. Solana’s infrastructure investments are expected to continue, funded by this growing revenue base.
Market Outlook
Tron’s reverse merger and Solana’s revenue surge reflect divergent but complementary strategies in crypto’s next phase. One is leveraging public equity markets for legitimacy and liquidity; the other is scaling via grassroots network activity and fee-based growth.
Both developments point to a maturing digital asset sector that is increasingly accountable to public markets, user behavior, and real economic output. Whether this marks a sustainable new normal—or the peak of another hype cycle—remains to be seen.
PR That Matches Market Maturity: Outset PR Sets a New Standard in Crypto Communications
As the crypto sector matures, the demands on public messaging have shifted. Founders can no longer rely on hype alone—they must articulate value in a narrative that’s timed, targeted, and tied to measurable results. That’s where Outset PR enters the equation.
Positioned at the intersection of data analytics and editorial strategy, Outset PR offers what many crypto firms now require: PR with C-level clarity. Its proprietary techniques anchor communications in both retrospective performance and forward-looking media impact. Every campaign is mapped with precision—from the choice of outlets to traffic acquisition tactics—so founders know not only what their message is, but where it lands, when it hits, and what it yields.
Unlike conventional crypto PR agencies that package outreach into one-size-fits-all bundles, Outset PR operates with surgical specificity. Whether a company is preparing for an exchange listing, product launch, or funding milestone, this agency calibrates its strategy to match growth stage, goals, and budget.
As digital asset companies like Tron and Solana move from experimentation to execution, the need for tailored visibility intensifies. Outset PR’s model—equal parts boutique craftsmanship and data-driven execution—is engineered to meet that moment.
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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2025/06/breaking-crypto-news-tron-to-go-public-via-reverse-merger-while-solana-app-revenue-tops-1-billion