TRON’s native cryptocurrency, TRX, has officially overtaken Dogecoin (DOGE) to become the eighth-largest digital asset by market capitalization, now valued at approximately $25.75 billion. This milestone marks a significant shift in the crypto landscape, driven largely by TRON’s growing dominance in the stablecoin ecosystem and recent advancements in U.S. regulatory developments.
The Rise of TRON in the Crypto Rankings
As of the latest data from CoinGecko, TRON has edged past Dogecoin, which currently holds a market cap of around $24.1 billion. This climb reflects more than just price momentum—it underscores TRON’s expanding infrastructure, real-world utility, and strategic positioning within the broader blockchain economy.
The timing of this achievement coincides with major progress in U.S. stablecoin legislation. The Senate recently passed the GENIUS Act (Generative, Explainable, Non-proprietary, Interoperable, Unencumbered, Secure) by a 68–30 vote. The bill is now moving to the House of Representatives for further deliberation and a final floor vote. If signed into law, it would establish a clear regulatory framework for stablecoin issuers operating in the United States.
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TRON’s Dominance in the Stablecoin Ecosystem
One of the key factors behind TRON’s rise is its leadership in stablecoin transaction volume. According to DefiLlama, TRON ranks as the second-largest blockchain by stablecoin market cap, trailing only Ethereum, which holds about 50.1% of the total market share.
Data from Artemis shows that in May alone, TRON was the most utilized network for USDT (Tether) transactions, surpassing both Ethereum and BNB Chain. During that period, the network processed an astounding $694.5 billion worth of USDT transfers**, with over **$411 billion attributed to whale activity, as noted in a June 12 report by CryptoQuant.
This dominance isn’t accidental. TRON’s low transaction fees, high throughput, and seamless integration with major exchanges have made it a preferred choice for large-scale stablecoin movements.
Binance Fuels TRON’s Transaction Volume
Notably, Binance has emerged as the largest driver of USDT transactions on the TRON network. Reports indicate that Binance processes between $2 billion and $3 billion worth of USDT daily via TRON, accounting for more than 65% of all on-chain USDT transfers across centralized exchanges.
This level of institutional-grade usage reinforces TRON’s credibility and scalability—two critical metrics investors and regulators alike are watching closely.
Strategic Moves: Corporate Adoption and Government Engagement
Beyond technical performance, TRON is making strategic inroads into traditional finance and policy circles.
Nasdaq-listed SRM Entertainment recently announced plans to rebrand as Tron Inc., accompanied by a $100 million equity investment into TRX as part of a new treasury strategy. Additionally, TRON founder Justin Sun will join the company as an advisor—a move that signals growing institutional confidence in the blockchain’s long-term viability.
Sun has also been actively engaging with U.S. policymakers. In a recent post on X (formerly Twitter), he revealed a meeting with Bo Hines, Executive Director of the Presidential Council of Advisors for Digital Assets. The discussion centered on how TRON’s technology could support digital asset innovation within the U.S. financial system.
Photos shared by Sun also show him alongside Senator Bill Hagerty, the original sponsor of the GENIUS Act, further highlighting TRON’s efforts to build bridges with federal regulators.
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Market Outlook for TRX
Despite a slight dip of 0.9% on Friday, TRX has remained resilient, trading above its 50-day Exponential Moving Average (EMA) even as broader crypto markets faced downward pressure.
Technical analysts suggest that if TRX were to fall below the EMA, it might find strong support at $0.260**. Conversely, upward momentum could push the price toward the **$0.296 resistance level, especially if regulatory clarity accelerates adoption.
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Frequently Asked Questions (FAQ)
Q: Why did TRON surpass Dogecoin in market cap?
A: TRON’s rise is primarily due to its dominant role in stablecoin transactions—especially USDT—combined with growing institutional adoption and positive regulatory developments in the U.S., such as the GENIUS Act.
Q: Is TRON more widely used than Ethereum for stablecoins?
A: While Ethereum leads in overall stablecoin market share, TRON handles more USDT transaction volume due to lower fees and faster settlement times, making it ideal for high-frequency transfers.
Q: What impact does the GENIUS Act have on TRON?
A: The GENIUS Act could legitimize and standardize stablecoin issuance in the U.S., benefiting compliant blockchains like TRON that already host significant regulated digital asset activity.
Q: Who is Justin Sun meeting with in the U.S. government?
A: Justin Sun has met with Bo Hines of the Presidential Council of Advisors for Digital Assets and was photographed with Senator Bill Hagerty, sponsor of the GENIUS Act, indicating active dialogue between TRON and U.S. policymakers.
Q: How much USDT flows through TRON daily?
A: Based on May data, TRON processed roughly $22 billion in USDT per day, totaling $694.5 billion for the month—with Binance alone driving over $2 billion daily.
Q: Could TRX reach new all-time highs?
A: With increasing adoption, favorable regulation, and strong technical support at $0.260, TRX is well-positioned for potential upward movement toward $0.296 or higher if market conditions remain supportive.
Final Thoughts
TRON’s ascent past Dogecoin is not just a ranking change—it’s a signal of maturation. From dominating stablecoin payments to influencing policy discussions in Washington, TRON is evolving from a niche blockchain into a foundational layer of global digital finance.
As regulatory clarity emerges and corporate treasuries begin allocating to crypto assets, networks like TRON—with proven scalability and real-world utility—are likely to see continued growth.
For investors and technologists alike, keeping an eye on TRON’s ecosystem developments may offer valuable insights into the future trajectory of decentralized finance and digital currency adoption worldwide.