SunPump Outshines Pump.fun: Tron New Platform Dominates the Memecoin Market

Tron new memecoin platform, SunPump, has rapidly surpassed Solana Pump.fun, generating over $571,000 in daily revenue and attracting a surge of activity to the Tron network. With better success rates and growing user interest, SunPump is stealing the spotlight in the crypto world.

Tron’s latest venture, SunPump, has quickly overtaken Solana’s once-leading memecoin platform, Pump.fun, in both popularity and revenue generation. Launched just last week by Tron founder Justin Sun, SunPump has already become a major player in the memecoin community.

On August 22, SunPump generated a daily revenue of over $571,000, significantly outpacing Pump.fun’s $368,000, according to LookonChain data. This rapid rise marks a shift in the memecoin landscape, where Pump.fun previously dominated with daily launches of over 20,000 tokens and more than $2 million in revenue at its peak. However, SunPump’s arrival has seen those numbers decline as users flock to Tron.

Why the Switch to SunPump?

The sudden shift to SunPump can be attributed to its superior performance and opportunities for traders. Blockchain data shows that SunPump has a higher “graduation” rate, with 2.01% of launched tokens making it to Tron’s Sunswap exchange. In contrast, Pump.fun’s success rate for getting tokens onto Solana’s Raydium exchange lags behind at 1.26%.

Traders have taken notice of these better results, leading to increased activity on the Tron network. The volume of tokens and the speed at which they gain traction on Tron is drawing attention, as users follow the momentum and profits offered by SunPump.

Tron’s Big Win Over Solana

This surge in activity has greatly benefited Tron’s blockchain. Defillama data reveals that Tron saw 1.97 million active wallet addresses within 24 hours, easily surpassing Solana’s 1.05 million. This influx of users has also driven Tron’s daily fees to a new record of $5.43 million, compared to Solana’s $272,686 over the same period.

Before SunPump’s launch, Tron’s daily fees typically ranged between $1 million and $1.5 million, occasionally dipping below the million-dollar mark. The success of SunPump has clearly had a substantial impact on Tron’s network, solidifying its position as a major player in the crypto world.

Justin Sun, the man behind Tron, expressed his satisfaction with the platform’s success on Twitter on August 21, 2024, stating, “It’s gonna stay strong.”

Our creator. creates amazing NFT collections! 
Support the editors - Bitcoin_Man (ETH) / Bitcoin_Man (TON)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)