Tron founder Justin Sun believes that his protocol has strong upside potential against its competitors in the crypto ecosystem.

Sun predicted that TRX will soon enter the top three cryptocurrencies by market cap, a list currently topped by Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).

The explosion in the Tron ecosystem

Sun stated that Tron is developing rapidly and has reached a level where it can compete with current market leaders. In the interview, he said that while this goal was more of an “ambition” seven years ago, today this forecast is based on data.

According to Sun, a large number of people are currently using Tron and if this demand continues, TRX could be among the top three cryptocurrencies by 2025 at the latest.

Tron is currently the second-largest stablecoin network, with $59.8 billion in USDT stablecoin reserves. This achievement brings Tron’s total value locked (TVL) in the decentralized finance (DeFi) space to $8.04 billion.

The Tron ecosystem is notable for its growth in stablecoins and payments, as well as its memecoin revolution. After the launch of Sun Pump, Tron has become a popular destination for memecoin developers and investors looking for quick returns.

Tough competition for TRX

However, for TRX to enter the top three cryptocurrencies, it will need to leave behind projects like Cardano, XRP, Solana, and Binance Coin, which are also rapidly developing in their own ecosystems.