Tron (TRX) is accelerating as the network prepares to list through a $210 million reverse merger with SRM Entertainment on Nasdaq.
This move has pushed TRX prices up by 10% and positioned Tron Inc. in a MicroStrategy-like model by holding a large amount of TRX on its balance sheet.
At the same time, Tron is dominating the stablecoin flow, with USDT trading volume hitting $694.5 billion in May, generating $55.7 million in monthly revenue, second only to Tether and Circle.
With political backing, a solid fundamental foundation, and increasing institutional interest, TRX may be poised for a significant breakout in the current cycle.
Tron will be listed in a $210 million merger as TRX prices surge.
Tron is preparing to list in the U.S. through a $210 million reverse merger with SRM Entertainment on Nasdaq, pushing TRX prices up by 10% to $0.29.
The newly established company, Tron Inc., will adopt a MicroStrategy-style strategy by holding a large amount of TRX on its balance sheet.
This move comes just months after the SEC paused its lawsuit against Justin Sun, signaling the agency's 'comfort' under the Trump administration.
Dominari Securities, a company closely associated with Eric Trump, is leading this deal. Trump is expected to take on a leadership role at Tron Inc.
Sun has also strengthened his relationship with the Trump family by investing in their DeFi venture and attending crypto-related events.
With Circle's recent IPO, Tron's listing has provided additional momentum for the wave of crypto companies entering the public market.
Tron achieved $55.7 million in revenue as USDT activity reached a record high.
Tron remains one of the top revenue-generating crypto platforms with $55.7 million in the past 30 days, ranking behind Tether, Circle, and Hyperliquid. Just in the past 24 hours, this platform has brought in $1.34 million in revenue.
However, despite impressive revenue, Tron still lags behind in trading volume on decentralized exchanges (DEX). This platform ranks 11th among all chains, with DEX volume of $3.65 billion in the past month and only $40.4 million in the last 24 hours.
This gap shows that while Tron excels in payment infrastructure and stablecoins, its presence in the DeFi space remains relatively limited.
Tron continues to dominate stablecoin activity, with whales accounting for nearly 60% of the $694.54 billion in USDT trading volume moving on the network.
The total supply of USDT on Tron has surged 36% in the past six months from $58 billion to $79 billion, reinforcing its position as the leading blockchain for stablecoin transactions. Currently, it surpasses Ethereum in both supply and daily trading volume.
With over 2.4 million daily USDT transactions and daily trading volume of $23.7 billion, Tron has become the ideal network for large-scale stablecoin trading.
May also marked a record month for TRX, with 490.3 billion tokens moved, equivalent to $121.2 billion. As institutional demand for stablecoins increases, Tron's growing trading volume shows it is becoming an important layer for digital payments globally.
Can TRX reclaim the $0.50 level in this cycle?
TRX is currently trading about 62% lower than its ATH, but recent momentum and structural developments suggest a breakout could be imminent.
If TRX can break through the important resistance level at $0.30, it could open the door for a move towards $0.45 and possibly $0.50 if the bullish trend strengthens.
Tron's $210 million reverse merger to list on Nasdaq, the company's association with politically influential figures like Eric Trump, and its MicroStrategy-style strategy of holding large TRX reserves are all drivers of growth in this cycle.
Fundamentally, Tron is thriving. With a 30-day revenue of $55.7 million and a record $694.5 billion in USDT transactions in May, of which 59% came from large trades, this network is proving its dominance in the stablecoin space.
TRX also saw monthly trading volume ATH, moving over $121 billion in tokens just in May.