Tron Founder Justin Sun is confident of the future of the Layer-1 protocol. One of his recent bullish predictions is that Tron (TRX) will rank amongst the top 3 crypto assets in the coming years. Based on market capitalization, the cryto is currently in the 10th position with $12.93 billion.
This massive valuation demonstrates an increase in investors’ attention to Tron crypto. Also, its trading volume averages $300 million, making it the crypto with the 20th largest trading position.
Subtle Solana And Tron Competition
Justin Sun predicted while speaking with Austin Arnold, the co-founder of Altcoin Daily. Their conversation centered on TRX, its 2025 roadmap, and why people migrate memecoins from Solana to Tron.
The Tron founder believes in the protocol’s prospects, especially given the recent increase in demand for the L1 platform.
Generally, the memecoin frenzy has died significantly in recent times. This cool-off came after the memecoin capitalization went to an impressive $70 billion record high a few weeks back. While the market is down, Solana has recorded more losses than Tron.
Meanwhile, as the memecoin season fades, there is a potential pivot towards utility tokens like Ethereum and their capacity to offer sustainable growth and real-world value. In terms of price, TRX price was trading at $0.1492 after a 1.33% surge in the last 24 hours. On the other hand, SOL has lost 2.91% of its previous price value within the same timeframe and is now trading at $131.71.
To reach the level earlier predicted by Sun, Tron would have to outperform top digital assets, including Solana, the fifth-largest crypto by market cap. Several people think Justin Sun’s prediction is a lofty goal, but it is possible. However, it is worth acknowledging that Tron has seen notable traction over the past few weeks.
The Tron Outperformance Against Top Chains
The launch of Sun Pump brought a whole new level of activity to the Tron Network. In August, the network gas revenue shot up by a significant 46.5% compared to the previous month.
The surge was so significant that it beat giants like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). These protocols saw their network revenue drop by 15% to nearly 50% within the same period. It was only fair to acknowledge that Tron took a major market share of these networks.
This blockchain is largely recognized for its rapid ascent in the crypto market, marked by its $8.019 billion Total Value Locked (TVL), per Defillama data. Amongst many of its achievements, the Tron blockchain was completely integrated with CoinStats, a platform for cryptocurrency portfolio tracking.
This development offers users seamless tracking and management of TRON-based assets and their existing holdings. CoinStats users could also gain access to various TRON-based assets, including memecoins.
As Tron celebrates key partnership milestones, so does Solana. Two days ago, the decentralized interoperability protocol Wormhole assisted in completing the launch of World ID on Solana. This integration will allow Solana developers to build applications that prioritize real humans.
