On July 2, 2025, Tron (TRX) announced its plans to go public through a reverse merger with Nasdaq-listed SRM Entertainment. This strategic move aims to make Tron the first major cryptocurrency network to enter U.S. public markets directly. (Source: Reuters, June 16, 2025)
The merger is valued at $210 million, with Tron injecting up to $210 million worth of TRX tokens into the new entity, which will be rebranded as Tron Inc. Justin Sun is expected to join as an advisor. This follows the SEC's decision to pause its investigation into Sun and his companies. (Source: Financial Times, June 16, 2025)
As of May 2025, the total value locked (TVL) in Tron's DeFi protocols exceeded $8.5 billion. Tron's integration with Chainlink for reliable price data has further boosted developer confidence. The SunPump platform, supporting meme coins, has also driven network activity. (Source: Reuters, June 16, 2025)