Tron surpasses Ethereum and Solana in daily revenue with SunPump craze

Justin Sun‘s Tron blockchain’s regular gross reached a caller all-time precocious of $3.84 million, driven by the memecoin generator SunPump.

This milestone places Tron up of established networks similar Ethereum and Solana, which reported $1.36 cardinal and $541,000 successful regular revenue, respectively.

Tron Blockchain Fees (Source: DeFillama)

SunPump is driving Tron’s revenue

Market observers person linked Tron’s interest surge to the caller motorboat of the SunPump memecoin deployer connected the network.

The memecoin deployer, akin to Solana’s PumpFun, allows users to make and motorboat their memecoins connected the Tron network. Since its launch, SunPump has generated implicit 8.4 cardinal TRX successful revenue, valued astatine astir $1.39 million, according to data from Dune Analytics.

Tron SunPump Revenue (Source: Dune Analytics)

Notably, the level saw its highest gross connected Aug. 20, earning 2.78 cardinal TRX, worthy astir $400,000. This highest besides coincided with the motorboat of implicit 6,000 memecoins, contributing to astir 20,883 memecoins launched to date.

SunPump’s occurrence tin beryllium linked to Sun’s assertive promotion and efforts to presumption Tron arsenic a person successful the memecoin space.

The crypto entrepreneur emphasized that Tron’s robust stablecoin liquidity, chiefly driven by Tether’s USDT, is simply a important vantage implicit different networks. He said:

“On different blockchains, a fewer 100 cardinal successful stablecoins tin popular retired billion-dollar meme coins. Tron’s got $60 billion+, truthful we could spot dozens of billion-dollar meme coins. Sounds wild, but numbers don’t lie. Don’t combat the data.”

DeFillama information shows that Tron has the second-largest stablecoin proviso of astir $60 billion, which accounts for 35% of the full market.

Early investors gain

Meanwhile, blockchain information shows that aboriginal investors successful immoderate of the memecoins connected the Tron blockchain are opening to marque important profits from the hype successful the sector.

Blockchain analytical steadfast Arkham Intelligence reported that 1 trader gained $20 cardinal successful unrealized profits wrong six days of purchasing 104.33 cardinal SUNDOG tokens for $1,690. The trader has sold $1.08 cardinal worthy of SUNDOG but inactive holds tokens valued astatine $19.52 cardinal crossed 7 addresses.

Further, CryptoSlate’s apical gainers database for Aug. 21 shows that SUNDOG and its variations fertile among the top-performing integer assets during the past 24 hours.

The station Tron surpasses Ethereum and Solana successful regular gross with SunPump craze appeared archetypal connected CryptoSlate.