SunPump Surpasses Pump.fun on Tron Platform
A new meme coin platform called SunPump, launched on Tron, has taken the lead over Solana’s Pump.fun in terms of daily new token launches and revenue. SunPump, backed by Tron founder Justin Sun, has quickly gained prominence in the meme coin sector.
Increased Token Launches and Revenue
• In the last 24 hours, SunPump facilitated the creation of 7,352 new tokens, surpassing Pump.fun’s 5,694.
• SunPump generated $585,000 in revenue, outpacing Pump.fun’s $366,000 during the same period.
• Tron’s network activity and fees have surged to record levels due to SunPump.
• SunPump has amassed $11 million in total revenue since its launch 11 days ago.
Impact on Tron Network
The success of SunPump has had a ripple effect on the Tron network.
• The number of active wallet addresses on Tron has more than doubled Solana’s, reaching 2.35 million.
• Tron collected $3.84 million in fee revenue in a single day, well above its usual range of $1 million to $1.5 million.
Higher “Graduation” Rate and Platform Promotion
SunPump has demonstrated a higher “graduation” rate compared to Pump.fun.
• 1.98% of tokens launched on SunPump are listed on Sunswap, Tron’s decentralized exchange, while Pump.fun has a 1.26% listing rate on Solana’s Raydium exchange.
• Justin Sun’s Meme Ecosystem Boost Incentive Program, with a $10 million allocation, has been instrumental in attracting liquidity and users to the Tron network.
Challenges and Opportunities
• SunPump briefly went offline due to high demand, necessitating swift action from developers to restore service.
• Some tokens launched on SunPump have exhibited significant price fluctuations, with reports of traders turning $1,000 into $750,000 with a token named SunWukong.
Hot Take: Tron’s SunPump Dominates Meme Coin Space
Tron’s SunPump has emerged as a strong contender in the meme coin sector, surpassing Solana’s Pump.fun in daily token launches and revenue. The platform’s success, coupled with Justin Sun’s support through the Meme Ecosystem Boost program, has propelled Tron to the forefront of the cryptocurrency market.
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