summary

SunPump is a sub-product of Sun.io and the first fair launch Meme coin platform on TRON. Its design fully integrates ease of use, fairness and responsibility, providing users with an effective and transparent Meme coin trading experience.

Huobi HTX has cooperated with SunPump since its launch, vigorously supporting high-quality memes, using the advantages of the exchange to lower the threshold for users to participate in the meme market, and promoting the meme craze.

Meme continues to be popular in the market, and its unique wealth effect has formed a moat for Web2. Therefore, Meme is becoming the first educational stop for Web2 users to enter Web3, and will lead a new wave of gold rush in Web3.

What is a SunPump

SunPump is a sub-product of Sun.io and is the first fair launch Meme coin platform on TRON. SunPump's working mechanism simplifies the process of token issuance and trading, ensuring that users can easily participate in the Meme coin market. Users can browse and select the Meme coins they are interested in on the SunPump platform, purchase tokens through SunPump's joint curve mechanism, easily enter the Meme coin market, and sell their tokens at any time.

SunPump Advantages

SunPump is designed to fully integrate ease of use, fairness and responsibility, providing users with an efficient and transparent Meme Coin trading experience. It has a variety of innovative features, including:

One-click coin issuance: Users can quickly create their own Meme coins by simply entering the currency name, symbol, uploading a picture, and paying a small fee. This greatly reduces the threshold for users to create personal tokens, stimulates user creativity and community participation enthusiasm.

Binding curve mechanism: The platform adopts a joint curve pricing model to dynamically adjust prices based on the supply of tokens to ensure fair and transparent prices, reflecting the platform's emphasis on a fair trading environment.

Instant market access: The created tokens are immediately listed on the SunPump platform, and users can buy and sell them seamlessly. This ensures the liquidity of tokens and the convenience of transactions, allowing users to quickly participate in the market.

Liquidity injection and token destruction: When the token market value reaches certain conditions, SunPump will inject the preset liquidity funds into SunSwap and execute token destruction to adjust the market circulation. This helps to balance market supply and demand and maintain the value of tokens, showing SunPump's careful consideration in market regulation.

Transaction transparency: All transactions on SunPump are public, and users can view transaction history and activity, which enhances user trust, but users should be aware that they are responsible for their own trading decisions.

Huobi HTX x SunPump Innovation

The cooperation between Huobi HTX and SunPump has created a new model for the linkage between CEX and DEX. Through a variety of innovative measures, it not only supports the development and popularization of the decentralized ecosystem, but also promotes the decentralization process of exchanges. These measures include:

Simplify the listing process: Huobi HTX solves the pain point of Meme Coin’s listing, simplifies the listing process of the SunPump project, and helps high-quality projects to reach the huge user base of the top exchanges as early as possible, gain considerable exposure and trading volume, and further expand the wealth effect.

All-round support for exchange business: After the Meme coin on SunPump is launched, Huobi HTX will provide it with all-round business and marketing support. For example, after SUNDOG was first launched on Huobi HTX, the currency's contract trading pairs, new coin mining, trading competitions, coin-earning products, airdrop activities, etc. were launched one after another, enriching the user's Meme coin investment experience.

Combined with decentralized governance: Recently, Huobi HTX and SunPump launched a new model of listing tokens combined with on-chain governance. Users can use veSUN to vote for the SunPump Meme project they support and help it be listed on Huobi HTX. This is an important step for Huobi HTX to move towards the goal of decentralization.

SunPump ecosystem develops rapidly, and cooperates with Huobi HTX to expand the market

On August 13, SunPump Beta was launched. According to the official website, hundreds of meme coins were successfully launched on the first day of SunPump Beta's launch. These meme coins not only continued the popular cat and dog theme series, but also a large number of wonderful memes inspired by Justin Sun and TRON emerged. These unique meme coins fully demonstrate the infinite creativity of community members and their unique understanding of cryptocurrency culture.

From the perspective of the number of coin holders, the Meme projects with the highest number of coin holders on the current SunPump platform are mainly:

SUNDOG, FOFAR, SUNCAT, IVFUN, MUNCAT, BULL, etc. Tronscan data shows that as of September 4, the number of SUNDOG holders reached 190,278, and the number of SUNCAT holders was 16,585.

Although SunPump has been online for a short time, it has demonstrated strong vitality, which is inseparable from the advantages of the TRON ecosystem. TRON currently has more than 2 million daily active users. Its efficient transaction speed and low transaction fees make TRON an ideal platform for the development of Meme coins. Currently, the issuance of USDT on the TRON chain exceeds 60.8 billion US dollars, accounting for 53% of the total issuance of USDT. A sufficient capital pool can not only improve transaction efficiency, but also provide necessary financial support for innovative projects, which will help promote the prosperity of the entire Meme ecosystem.

SunPump has built a system of token issuance, dynamic adjustment of token supply, token liquidity construction and value support in DeFi. In addition, relying on the powerful advantages of TRON ecology, SunPump directly connects DEX and CEX.

On August 14, SUN.io released an announcement on the X platform stating that SunPump has reached an ecological strategic cooperation with the cryptocurrency exchange Huobi HTX. In this strategic cooperation, the two parties jointly launched an innovative coin listing module, that is, the Meme coin launched on SunPump. Under the premise of meeting the Huobi HTX coin listing review standards, it can be listed on Huobi HTX through the fast track if it maintains a daily trading volume of US$10 million for three consecutive days or a market value of US$30 million. This innovative measure not only opens up a fast lane to the global market for the Meme project, but also greatly improves the market exposure and liquidity of the project, creating more diversified investment opportunities for investors.

Opening up the entrance + enhancing the wealth effect, Meme will become the third gold rush of Web3

From the perspective of blockchain development, blockchain technology has already matured initially, and it urgently needs a breakthrough to impact the moat of Web2. Although the blockchain industry has conducted experiments from different dimensions before, such as social networking, blockchain games, etc., it is actually difficult to shake the traditional Web2 giants. So, how can blockchain find a suitable breakthrough point to compete with Web2?

Since this round of bull market, the Meme craze has continued to be popular in the market, attracting many Web2 users, and gradually becoming the first stop for Web2 users to enter Web3. From a deeper perspective, the Meme track may also become a new gold mine.

From the perspective of the blockchain development cycle, the first wave of gold diggers were undoubtedly Bitcoin miners, who obtained a large amount of Bitcoin at a very low cost in the early stage; the second wave of gold diggers mainly came with the ICO boom represented by Ethereum after the development of smart contracts; the third wave of gold diggers may be the Meme boom brought by SunPump.

Since the birth of SunPump, the Meme craze has been breaking through the circle, and the TRON ecosystem is enthusiastic about issuing coins. According to Dune statistics, more than 74,000 Meme coins have been issued on SunPump in just three weeks since its launch.

Huobi HTX has opened a convenient entrance to SunPump for the majority of exchange users, making the Meme ecosystem more accessible than ever before, and more people will have the hope of entering Web3 through Meme. At the same time, Huobi HTX has helped enhance the wealth effect of Meme, and the funds and traffic brought by it will feed back to the chain, creating a more prosperous decentralized ecosystem. When Web3 solves the problem of difficult access and can provide a more substantial wealth effect, it will be one step closer to widespread popularization.

It is worth mentioning that Huobi HTX has always had a tradition of supporting Meme coins. From the phenomenal PEPE to the "Trump-style" Meme that was all the rage this year, Huobi HTX is one of the earliest exchanges in the industry to launch Meme coins. With the cooperation with SunPump, Huobi HTX has further established its leading position in the Meme field and pointed out a new direction for the integration of exchanges and decentralized ecology.

The risks and prospects of the meme craze

Although this round of Meme craze has many opportunities, it is also accompanied by great risks. According to Dune data statistics, there are currently more than 1 million Meme coin projects issued by the Pump.fun platform on Solana. Due to the extremely low issuance threshold, countless Rug scams have been created. Some of these tokens harvest users through the celebrity effect. According to the statistics of crypto KOL Slorg, the market value of more than 30 celebrity concept Meme coins with a certain degree of attention on the market has fallen by at least 80% in a few days to dozens of days. In addition, some Meme coin issuers have also begun to show their lower limits in order to attract attention. In addition, Pump.fun has caused Solana's ecological Meme coin projects to become more and more "PVP". A project can return to zero in just a few minutes to more than ten minutes. The existence of MEV clamps and various sniper robots has further fueled this madness. In the long run, the Solana ecosystem may see the trend of bad money driving out good money. For SunPump Beta and others, this is also worth noting. How to effectively govern will determine who can go further in the future.

Overall, the Meme track still has great potential. The maturity of projects such as SunPump is essentially the product of the maturity of DeFi and blockchain performance, which is different from any Meme craze in previous cycles. Compared with mainstream coins in 2024, the high risk of the Meme sector brings higher returns than mainstream coins. Due to the increase in people's awareness, unlike the air coins in the past, everyone knows that Meme is more like an open game, and many people are ready for a crash before participating. In essence, the core of Meme driving the influx of users is that a large number of users hope to gain market recognition through their own creativity and thus create value. Therefore, from a more profound perspective, the Meme craze will become the third gold rush in the blockchain industry. Its mode of mutual linkage between DEX and CEX will also open the channel of Web3, allowing a large number of Web2 users to flock to it.