Tron Flips Dogecoin: TRX Rises to 8th Rank by Market Cap

Tron (TRX) has officially overtaken Dogecoin to become the 8th-largest cryptocurrency by market capitalization. This climb is attributed to Tron founder Justin Sun’s high-profile discussions with U.S. digital asset leaders, including Bo Hines from the President’s Council.

Sun highlighted how Tron can strengthen America’s crypto leadership, and thanked the team for backing the GENIUS Act — a key policy push for regulatory clarity.

At the same time, Tron is preparing to go public in the U.S. via a $210 million reverse merger with SRM Entertainment, a move expected to fuel institutional attention.

Utility Over Hype
While meme coins ride sentiment, Tron is driven by real-world stablecoin utility. According to CryptoQuant, over 65% of on-chain USDT activity occurs on Tron, with Binance alone processing up to $3 billion daily through TRX.

This dominance is due to low fees and fast settlement, making Tron the go-to choice for USDT payments globally. With firms like WLFI launching USD1 on Tron, this growth trend is only accelerating.

The flippening isn’t just a headline—it signals that utility tokens may finally be overtaking memes in long-term market dominance.