TRON (TRX) has surpassed Dogecoin (DOGE) in market capitalization, becoming the 8th-largest cryptocurrency. This milestone follows TRON’s announcement of an Initial Public Offering (IPO), signaling a move that could further embed the project in mainstream finance. While Dogecoin has enjoyed widespread attention through social media and pop culture, TRON has focused on pushing technological boundaries and positioning itself as a token for the future.
TRON’s ambitions include a reverse merger with SRM Entertainment, potentially blending traditional finance with blockchain innovation. Currently, TRON holds a market cap of $500 million, significantly higher than Dogecoin’s $23.5 billion. TRX’s price has remained relatively stable over the past year, resembling Ripple’s XRP with minimal dramatic price swings.
A surge in USDT stablecoin transactions on the TRON network—originating from both developed and developing nations—has likely contributed to its rising market cap. Since May, TRON’s price has climbed 12%, while Dogecoin has declined 30%, possibly reflecting diminishing enthusiasm for meme coins.
TRON’s growing success is underpinned by strategic partnerships, such as its collaboration with P2P.org for validator services. The project’s expanding ecosystem has strengthened its reputation as a reliable platform for business solutions. Despite blockchain’s “trustless” foundations, TRON has built trust through technical innovation and partnerships. However, unlike XRP, TRON has not yet made significant strides toward an ETF, though founder Justin Sun has promised to pursue this in the near future.
On Binance, USDT transfers on TRON account for about 65% of all USDT activity, with daily volumes between $2 billion and $3 billion—highlighting the platform’s popularity thanks to its fast settlements and low fees. While new users may face a slight learning curve, TRON’s usability could see it rival payment giants like Alipay or GCash in certain markets.