- Tron Inc. finalizes SRM merger and prepares Nasdaq listing under ticker “TRON.”
- TRX ranks ninth in global rankings with a $28.8B market cap and 30% volume surge.
- Gas-Free feature reduces TRX transaction fees by 70%, boosting network adoption.
Tron Inc. is preparing to list on Nasdaq through a reverse merger while TRX moves up the crypto market table, edging past Cardano. The company stated it will trade under the ticker “TRON,” and mark the event with an opening-bell ceremony in Times Square.
At the same time, trading activity and fee data point to heightened on-chain use, even as the token posts a minor pullback on the day. Founder Justin Sun has also outlined a target to see the firm included in the Nasdaq 100 within three years, alongside Apple, Nvidia, and Google.
Tron Inc. completed a reverse merger with SRM Entertainment, which will begin trading on Nasdaq under the symbol “TRON. ” The move follows a period of increased market attention around the project and its leadership.
Justin Sun will serve as Global Advisor and ring the Nasdaq opening bell to mark the listing. Chief Executive Rich Miller described the step as a “powerful move” and said the focus is on long-term shareholder value through innovation and leadership.
Related: Justin Sun Suggests Fee Reduction Techniques on Tron Amid Surging TRX Prices
TRX advances to ninth as volumes jump
TRX now ranks ninth among digital assets by market capitalization, surpassing Cardano (ADA) as ADA’s valuation declined. TRX’s market cap stands at $29.7 billion. The token gained 1.62% over the past day, with its price at $0.314.
Daily trading volume rose 30% to more than $1.64 billion. The rise in rank comes ahead of the public market debut, with the company highlighting utility upgrades and stronger daily activity.
Gas-Free feature cuts fees by 70%
In addition, TRON introduced its gas-free feature in early 2025. Data from Nansen shows weekly average fees dropped from 2.47 TRX to 0.72 TRX, a 70% reduction. The company developed the feature in 2024 to lower costs and simplify usage. The decline in fees has coincided with broader adoption metrics cited by the project, positioning the network as a lower-cost option for decentralized finance users.
Related: Messari Q2 Report Shows TRON’s Explosive Growth to $80.3 Billion USDT
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Source: https://coinedition.com/tron-inc-sets-nasdaq-debut-after-srm-merger-as-trx-overtakes-ada-to-ninth-place/