Tron Surpasses Ethereum and Solana in Daily Revenue on SunPump Madness

Justin Sun's Tron blockchain daily revenue hit a new all-time high of $3.84 million, fueled by memecoin generator SunPump.

This milestone puts Tron ahead of established networks like ethereum and Solana, which reported $1.36 million and $541,000 in daily revenue, respectively.

SunPump boosts Tron revenue

Market observers have linked Tron’s fee surge to the recent launch of memecoin implementer SunPump on the network.

The memecoin implementer, similar to Solana's PumpFun, allows users to create and launch their memecoins on the Tron network. Since its launch, SunPump has generated over 8.4 million TRX in revenue, valued at approximately $1.39 million, according to data from Dune Analytics.

It is worth noting that the platform reached its highest level of revenue on August 20, when it earned 2.78 million TRX, worth approximately $400,000. This peak also coincided with the launch of over 6,000 memecoins, which contributed to approximately 20,883 memecoins being launched to date.

SunPump’s success can be linked to Sun’s aggressive promotion and efforts to position Tron as a leader in the memecoin space.

The crypto entrepreneur emphasized that Tron's stablecoin's strong liquidity, driven primarily by Tether's USDT, is a crucial advantage over other networks. x.com/justinsuntron/status/1825787024584094003″>saying:

“On other blockchains, a few hundred million stablecoins can generate billion-dollar meme coins. Tron has over $60 billion, so we could see dozens of billion-dollar meme coins. It sounds crazy, but the numbers don’t lie. Don’t fight the data.”

Data from DeFillama shows that Tron has the second-largest stablecoin supply of nearly $60 billion, accounting for 35% of the total market.

Early investors win

Meanwhile, blockchain data shows that early investors in some of the memecoins on the Tron blockchain are starting to make substantial profits thanks to the hype in the sector.

Blockchain analytics firm Arkham Intelligence x.com/ArkhamIntel/status/1826009580486447408″>reported

That trader made $20 million in unrealized profits in six days after purchasing 104.33 million SUNDOG tokens for $1,690. The trader has sold $1.08 million worth of SUNDOG tokens, but still holds tokens worth $19.52 million across seven addresses.

Further, from CryptoSlate The list of top gainers for August 21 shows that SUNDOG and its variations rank among the best-performing digital assets over the past 24 hours.

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