NewsBTC
2 July 2025
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Tron Prepares for Public Listing While DeFi Activity Grows

Tron (TRX) is in a consolidation phase that began in December 2024, with prices fluctuating between $0.211 and $0.295. Key developments are attracting attention:

  • Tron plans to go public through a reverse merger with Nasdaq-listed SRM Entertainment.
  • This could be the first major crypto network to enter US public markets directly.
  • On-chain data indicates growing DeFi activity on Tron, including rising transaction volumes and deposits.

Tron's price is currently around $0.2813, nearing the upper boundary of its consolidation range. It shows support from moving averages, with the 50-day SMA at $0.2508 and the 100-day SMA at $0.2289. Despite a sideways trading pattern, TRX remains above $0.26–$0.27, building pressure for a potential breakout.

Key metrics include:

  • SunSwap's monthly swap volume consistently over $3 billion, peaking at $3.8 billion in May 2025.
  • JustLend deposits have more than tripled this year, reaching $740 million.
  • Stablecoin inflows and increased borrowing activity suggest expanding utility for Tron.

A decisive close above $0.295 could lead TRX towards the $0.32–$0.35 zone, while failure to hold current support may expose it to deeper corrections.