Tron (TRX) steadies at around $0.279 at the time of writing on Tuesday after posting a 5% gain the previous week. SRM Entertainment completed its $100 million TRON treasury launch by staking 365 million TRX tokens on Monday, signaling a long-term commitment to the network.
TRON's native token, TRX, overtook Dogecoin (DOGE) on Friday to become the eighth-largest cryptocurrency by market capitalization, rising to $25.7 billion. The milestone follows progress in stablecoin regulation in the United States (US) after the Senate passed the GENIUS bill.
The Tron (TRX) network, launched by Justin Sun in 2017, is gradually becoming the go-to choice for retailers and whales in the cryptocurrency market, thanks to its growing USDT supply —a USD-pegged stablecoin issued by Tether.