Tron (TRX) is gaining momentum as the network prepares to go public through a $210 million reverse merger with SRM Entertainment on Nasdaq.
This move has pushed TRX's price up by 10% and positioned Tron Inc. in a MicroStrategy-like model by holding a significant amount of TRX on its balance sheet.
At the same time, Tron is dominating the stablecoin flow, with USDT trading volume reaching $694.5 billion in May, generating $55.7 million in monthly revenue, second only to Tether and Circle.
With political backing, solid fundamentals, and increasing institutional interest, TRX may be poised for a major breakout in the current cycle.
Tron will go public in a $210 million merger as TRX's price skyrockets.
Tron is set to go public in the U.S. through a $210 million reverse merger with SRM Entertainment on Nasdaq, pushing TRX's price up 10% to $0.29.
The newly formed 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 regulator's 'comfort' under the Trump administration.
Dominari Securities, a company closely linked with Eric Trump, is leading this deal. Trump is expected to take a leadership role at Tron Inc.
Sun has also strengthened his ties with the Trump family by investing in their DeFi venture and attending crypto-related events.
With Circle's IPO recently taking place, Tron’s listing has added momentum to the wave pushing crypto companies to enter the public market.
Tron achieved a revenue of $55.7 million as USDT transactions hit a record level.
Tron remains one of the top revenue-generating crypto platforms with $55.7 million in the past 30 days, trailing only Tether, Circle, and Hyperliquid. In the past 24 hours alone, the platform has generated $1.34 million in revenue.
However, despite impressive revenue, Tron still lags in trading volume on decentralized exchanges (DEX). The platform ranks 11th among all chains, with DEX volume at $3.65 billion last month and only $40.4 million in the past 24 hours.
This gap shows that, although 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 on the network.
The total USDT supply on Tron has surged 36% in the past 6 months from $58 billion to $79 billion, solidifying 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 a 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 a crucial layer for digital payments globally.
Can TRX reclaim the $0.50 level in this cycle?
TRX is currently trading about 62% below its ATH, but recent momentum and structural developments suggest a breakout may be imminent.
If the TRX price surpasses the key resistance level at $0.30, it could open the door for a move towards $0.45 and potentially $0.50 if the uptrend strengthens.
Tron's $210 million reverse merger to list on Nasdaq, the company's ties to influential political figures like Eric Trump, and a MicroStrategy-style strategy aimed at holding a large reserve of TRX are all drivers for growth in this cycle.
Essentially, Tron is thriving. With a 30-day revenue of $55.7 million and a record $694.5 billion in USDT transactions in May, with 59% of that coming from large-scale trades, the network is proving its dominance in the stablecoin space.
TRX also saw an ATH monthly trading volume, moving over $121 billion in tokens just in May.