TRON (TRX) is listed on Nasdaq: What do investors need to know?

On July 24th, Justin Sun – the founder of Tron rang the opening bell at Nasdaq to mark the company's listing event.

However, behind the hot news and solemn ceremonies, this blockchain ecosystem is achieving important milestones that may have greater significance.

The Tron network (TRX) has generated over 2 billion dollars in accumulated transaction fees, processed more than 14 billion transactions, and is holding over 80 billion USDT – surpassing Ethereum in both stablecoin supply and daily trading volume.

So, how has the native TRX token of the network reacted as demand continues to rise?

Tron Transaction Fees: Steady Growth

Data confirming the milestone regarding accumulated fees does not come from temporary frenzies or FOMO cycles, but is the result of a stable growth trend, continuously throughout the year 2024.

Daily and cumulative fees on Tron | Source: CryptoQuant "In fact, this model shows sustainable activity rather than short-term speculation. Since most fees are paid in TRX, the increasing fee base also directly drives demand for the native token.

USDT supply far exceeds Ethereum

Additionally, Tron also holds a massive amount of USDT worth $80 billion. Over $22 billion has been minted on Tron alone in 2025, indicating the demand for low-fee, fast stablecoin transactions.

Total USDT supply on Tron and Ethereum | Source: CryptoQuantThis milestone not only indicates the increasing liquidity of the network but also significantly outperforms Ethereum, where the USDT supply is growing at a slower pace.

Tron achieves 14 billion transactions as USDT transfer volume surges

Net change in the number of Tron transactions | Source: CryptoQuantTron has now processed over 14 billion transactions, with an average daily activity of 8 to 9 million – nearly double the rate seen in the recent bear market.

The daily value of USDT is transferred via the network | Source: CryptoQuantFurthermore, the network also facilitates over 20 billion dollars in daily USDT transfer transactions, surpassing 16 billion dollars of Ethereum.

How does the TRX price react?

After Tron launched on Nasdaq, TRX has shown stable upward movement on the hourly chart. The volume chart indicates strong accumulation activity in the range of $0.316 to $0.321 at the time of writing, while CMF remains in the positive zone signaling sustained buying pressure.

Although the listing event may have sparked the community's interest, what is more important is the increasing utility of TRX itself.

Source: TradingViewSince most network fees are paid with TRX, the naturally increasing trading volume and stablecoin activity drive demand for the token.

With both hype and fundamental factors being optimistic, TRX seems to be benefiting from more than just market sentiment.

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