Latest TRON IPO Update: On-Chain Transactions Surpass 10 Billion

In June, cryptocurrency entrepreneur Justin Sun founded the blockchain platform TRON. TRON Take a historic step: initiate the process of listing on the U.S. capital markets through a reverse merger with Nasdaq-listed company SRM Entertainment.

This transaction is operated by the investment bank Dominari Securities, which has close ties to the Trump family. The newly established entity “Tron Inc.” will hold $210 million worth of TRX token assets and may have Eric Trump take an executive position.

The Intersection of Politics and Finance: Behind the Scenes of the IPO Path

The close ties between Justin Sun and the Trump family have become an important backdrop for this IPO. In May 2025, he attended an exclusive dinner hosted by Trump for TRUMP token holders as one of the largest stakeholders.

Earlier, Justin Sun invests $75 million in the Trump family’s crypto project World Liberty Financial., the project has issued its first batch of stablecoins on the TRON blockchain.

The shift in political winds has also cleared regulatory obstacles for it. The U.S. SEC suspended the lawsuit against Justin Sun and TRON in February 2025, which previously accused him of being involved in.

Unregistered Securities Offering and Market Manipulation At this point in time, it coincides with the Trump administration’s call for a relaxed regulatory approach to cryptocurrencies.

Details of the reverse merger show that SRM Entertainment will raise $210 million by selling Class B shares to enhance its TRON financial strategy.

The new company plans to emulate the MicroStrategy (now known as Strategy) model, using TRX as a core asset reserve and implementing a staking dividend mechanism.

The market reacted strongly after the announcement: TRX price A single-day increase of 10%, SRM’s stock price surged by 250%. Capital has placed its trust in real money.

The on-chain empire behind the data, a billion-level transaction network rises

As the IPO news draws attention, the underlying data of the TRON network reveals its commercial value foundation. By April 2025, key on-chain indicators are set to achieve a comprehensive breakthrough:

• The total number of accounts exceeds 302 million, with active addresses averaging 2.1 million daily, which is equivalent to 2.3 times that of the Ethereum network.
• The cumulative transaction volume has surpassed 10 billion transactions, with a total value exceeding 17.4 trillion US dollars.
• The total locked value (TVL) reached 20 billion USD, firmly ranking among the top public chains globally.

The stablecoin sector has been particularly impressive. In April 2025, The on-chain USDT issuance on TRON has surpassed 70 billion dollars., accounting for 58.7% of the global USDT settlement volume.

Its stablecoin market share reached 29.3%, surpassing BSC and Solana to become the world’s second-largest stablecoin public chain, second only to Ethereum.

The financial performance is equally strong. In the first quarter of 2025, the agreement revenue reached 760.2 million USD, setting a new historical high, with a quarter-on-quarter growth of 2.7%. Amid the fluctuations in the cryptocurrency market, TRX’s market capitalization rose against the trend to 23.2 billion USD, ranking ninth in the cryptocurrency market capitalization list.

Technical Inclusion and Emerging Market Strategy, Building Financial “Capillaries”

The rise of TRON is hidden in its underlying architecture of 2000 transactions per second (TPS). Compared to the complex ecosystem of Ethereum Layer 2, TRON transfer costs as low as 0.000001 USD The confirmation time is compressed to within 1 second. This “seamless experience” has become a weapon for conquering emerging markets.

The strategic layout in emerging markets forms a unique moat:

• The penetration rate in emerging markets exceeds 72%, with 64.54 million TRC20-USDT holding accounts, 62% of which are located in countries with a GDP of less than 10,000 USD.
• Argentinian merchants settle payments using TRC20-USDT, while Filipino workers remit money through TronLink with fees only a fraction of traditional channels.1⁄20
• After Dominica listed TRX as legal tender, the country’s blockchain adoption rate increased by 320% year on year.

The “Payment + Investment” closed-loop ecosystem is gradually taking shape. JustLend DAO has launched the “GasFree” service to achieve zero-cost transfers, while the stUSDT product offers an annualized yield of 4.8%, creating a “blockchain Yu’ebao” model.

Compliance construction is advancing simultaneously. Tron is united. Tether and TRM Labs established the T3 Financial Crime Task Force to assist global law enforcement agencies. Frozen over 150 million dollars of illegal funds Anti-money laundering capability certified by the SWIFT Technical Alliance.

Regulatory Challenges and Capital Opportunities, the Future’s Dual Variation

Although the development momentum is strong, challenges still exist:

The U.S. SEC’s determination of the securities status of TRX is still not final, and the EU MiCA regulation may force adjustments to the reserve structure of stablecoins. Regulatory fluctuations in emerging market countries like Nigeria have also led to a 17% decrease in active addresses in a single week.

The opportunity window in the capital market is opening. Canary Capital has submitted an application for a TRX spot ETF, which, if approved, may bring Daily average increment of 30 million USD Referencing the Bitcoin ETF’s first week of raising 11 billion USD, the influx of traditional capital will reconstruct the valuation system.

As Trump Media Company submits its Bitcoin and Ethereum mixed ETF application, the regulatory climate in Washington is shifting towards a more favorable stance on crypto assets. The listing of Tron Inc. will serve as a key case to test whether political connections can be transformed into sustainable business value.

Future Outlook

While traditional finance focuses on the capital game of Bitcoin ETFs, TRON quietly builds a more grounded financial network. In the street stalls of Argentina, cross-border trade in Nigeria, and remittance records of workers in the Philippines, TRC20-USDT daily average value transfer of 19 billion USD.

This chain carries the truest financial demands of emerging markets. Sun Yuchen bets that when 300 million users have voted with their feet, Wall Street will ultimately have no choice but to nod in agreement.