Sun Pump launched 7,351 tokens and generated $585,000 in revenue, surpassing Pump.fun's 6,701 tokens and $366,000 revenue.
Since its August 9 launch, Sun Pump has generated over $1.5 million and facilitated 25,000 new memecoins.
The Tron network achieved a record $3.48 million in revenue, bolstered by a $10 million boost from Justin Sunâs incentive program.
Sun Pump, a new memecoin deployer on the Tron network, has overtaken its Solana-based predecessor, Pump.fun, in daily activity and revenue. Blockchain researcher Adam highlighted that Sun Pump's revenue and new token creation metrics surpassed those of Pump.fun.Â
https://twitter.com/Adam_Tehc/status/1826427947781161101
According to Adam's analysis of Dune Analytics data, Sun Pump successfully launched 7,351 tokens, generating $585,000 in revenue over the past 24 hours.
Comparative Performance with Pump.fun
In contrast, Pump.fun managed to create 6,701 new tokens, resulting in $366,000 in revenue during the same period. The current rise in activity came just 12 days following Sun Pump's launch on August 9. Since its inception, the platform has generated more than $1.5 million in income and enabled the launch of over 25,000 additional memecoins.
Memecoins Gain Significant Valuations
Several memecoins on Sun Pump have achieved remarkable valuations. One trader turned a $1,000 investment into $750,000 with a token named SunWukong (SUNWUKONG). Additionally, other tokens like SunDog (SUNDOG) have reached valuations as high as $270 million.
Impact on the Tron Network
The increasing popularity of Sun Pump has positively impacted the Tron network. Tron generated a record $3.48 million in revenue over the last 24 hours, mirroring the previous day's revenue. The liquidity inflow into the Tron ecosystem has been further supported by a $10 million boost from Tron founder Justin Sunâs Meme Ecosystem Boost Incentive Program.
The rise of Sun Pump as a prominent memecoin deployer reflects the dynamic shifts in the cryptocurrency landscape. Its rapid growth and impact on the Tron network underscore the evolving nature of decentralized finance. As Sun Pump continues to gain traction, its influence on the broader blockchain ecosystem remains a compelling story to watch.
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