TRON Surpasses Dogecoin to Claim 8th Spot in Global Crypto Rankings

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TRON (TRX) Ascends to 8th Largest Cryptocurrency, Overtaking Dogecoin (DOGE)

As of June 20, 2025, TRON (TRX) has officially surpassed Dogecoin (DOGE) to claim the 8th position in the cryptocurrency rankings by market capitalization. TRON currently boasts a market cap of approximately $25.9 billion, slightly exceeding Dogecoin's $25.1 billion. This achievement underscores a growing trend among investors who are increasingly favoring blockchain networks that offer demonstrable real-world utility over assets driven primarily by speculation or meme-based popularity.

A significant factor contributing to TRON's rise is its prominent role in stablecoin transactions, particularly those involving USDT (Tether). The TRON network presently handles over 65% of global USDT transfers and stands as the leading network for stablecoin activity on Binance, facilitating daily USDT movements valued between $2 billion and $3 billion. This positions TRON as a crucial infrastructural element for crypto-based settlements and various financial services.

Beyond its transactional utility, TRON's strategic corporate initiatives are also fueling its momentum. The planned reverse merger with SRM Entertainment, a Nasdaq-listed entity, at a valuation of $210 million, is setting the stage for TRON’s expected U.S. IPO under the designation “Tron Inc.” This strategic maneuver is widely interpreted as a deliberate effort to reinforce its standing as a blockchain project compliant and appealing to institutional investors, thereby attracting increased interest from both investors and regulatory bodies.

This shift in rankings further illustrates a broader evolution within the cryptocurrency market. Dogecoin, which previously benefited from significant hype and celebrity endorsements, has experienced a marked decrease in trading volume. Conversely, TRON is increasingly perceived as a project poised for sustainable growth, largely attributed to its focus on scalability, speed, and proactive regulatory engagement.

TRON's ascent signifies a key turning point in the cryptocurrency landscape, indicating that platforms delivering tangible value and practical, real-world applications are now at the forefront.