Tron Blockchain Surpasses Ethereum and Solana in Daily Revenue with SunPump Craze
The Tron blockchain, led by Justin Sun, has recently seen a surge in daily revenue, surpassing established networks like Ethereum and Solana. This increase in revenue is largely attributed to the SunPump memecoin deployer, which has energized Tron’s market lead over its rivals.
SunPump Driving Tron’s Revenue Surge
The launch of the SunPump memecoin deployer on the Tron network has been a game-changer, allowing users to create and launch their own memecoins. This has led to a significant increase in daily revenue for Tron, with the blockchain reaching a new all-time high of $3.84 million in revenue.
In comparison, Ethereum reported $1.36 million in daily revenue, and Solana reported $541,000. This milestone underscores Tron’s growing dominance in the blockchain space, driven by the success of SunPump.
SunPump’s Impact on Tron’s Revenue
Since its launch, SunPump has generated over 8.4 million TRX in revenue, valued at approximately $1.39 million. The platform saw its highest revenue on Aug. 20, earning 2.78 million TRX, worth around $400,000. This peak coincided with the launch of over 6,000 memecoins, contributing to a total of 20,883 memecoins launched to date.
Justin Sun’s Aggressive Promotion
Justin Sun has been instrumental in promoting Tron as a leader in the memecoin space. He has emphasized Tron’s robust stablecoin liquidity, driven primarily by Tether’s USDT, as a key advantage over other networks. With nearly $60 billion in stablecoin supply, Tron accounts for 35% of the total market, positioning it as a strong contender in the memecoin ecosystem.
Sun stated, “On other blockchains, a few hundred million in stablecoins can pop out billion-dollar meme coins. Tron’s got $60 billion+, so we could see dozens of billion-dollar meme coins. Sounds wild, but numbers don’t lie. Don’t fight the data.”
Early Investors Reaping Profits
Blockchain data shows that early investors in memecoins on the Tron blockchain are beginning to see substantial profits. One trader reportedly gained $20 million in unrealized profits within six days of purchasing 104.33 million SUNDOG tokens for $1,690. The trader has sold $1.08 million worth of SUNDOG but still holds tokens valued at $19.52 million across seven addresses.
According to CryptoSlate’s top gainers list for Aug. 21, SUNDOG and its variations rank among the top-performing digital assets during the last 24 hours. This highlights the potential for significant returns in the memecoin space on the Tron blockchain.
In Conclusion
The SunPump craze has propelled Tron to new heights in daily revenue, outperforming competitors like Ethereum and Solana. With Justin Sun’s aggressive promotion and the success of the memecoin deployer, Tron is solidifying its position as a leader in the memecoin ecosystem. Early investors are reaping profits, signaling the growing potential of memecoins on the Tron blockchain. As the market continues to evolve, Tron’s dominance is expected to persist, driving further innovation and growth in the blockchain space.