Tron Overtakes Ethereum and Solana in Daily Earnings Amid SunPump Craze
Justin Sun’s Tron blockchain has achieved a significant milestone with its daily revenue hitting a record high of $3.84 million, largely attributed to the SunPump memecoin generator. This accomplishment has positioned Tron ahead of well-established networks like Ethereum and Solana, which reported daily revenues of $1.36 million and $541,000, respectively.
The surge in Tron’s fees is closely tied to the recent introduction of the SunPump memecoin deployer on the network. Similar to Solana’s PumpFun, this deployer enables users to create and launch their memecoins on the Tron network. Since its inception, SunPump has generated over 8.4 million TRX in revenue, equivalent to around $1.39 million, as per data from Dune Analytics.
On a notable day, Tron witnessed its highest revenue on August 20, raking in 2.78 million TRX, valued at approximately $400,000. This peak coincided with the launch of over 6,000 memecoins, contributing to a total of approximately 20,883 memecoins launched to date.
The success of SunPump can be attributed to Sun’s vigorous promotion and efforts to establish Tron as a frontrunner in the memecoin sector. Sun emphasized the strength of Tron’s stablecoin liquidity, primarily fueled by Tether’s USDT, as a key advantage over other networks, stating that Tron possesses nearly $60 billion in stablecoin supply, representing 35% of the total market.
Meanwhile, early investors in some of the memecoins on the Tron blockchain are beginning to reap substantial profits amidst the sector’s hype. Blockchain data reveals that one trader realized $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.
In addition, CryptoSlate’s top gainers list for August 21 highlights that SUNDOG and its variants are among the top-performing digital assets in the past 24 hours. The evolving landscape of memecoins on the Tron blockchain continues to attract attention and investment interest from various market participants.
