Tron Dethrones Solana, Becomes the New King of the Memecoin World!
The Tron network has recently made major strides in the crypto space, especially when it comes to memecoin trading.
Recent data shows that Tron has overtaken Solana, which previously dominated the platform, to become the new leader in memecoin transactions.
This achievement follows the arrival of Tron’s memecoin launchpad, Sunpump, which quickly overtook Solana’s Pump.fun platform, marking a major shift in market dynamics.
Sunpump Leads Tron in Daily Revenue
On-chain analytics platform Lookonchain has shown that Sunpump has surpassed Pump.fun in terms of daily revenue on August 21.
Data from Dune Analytics reveals that Sunpump generated 3.65 million TRX, equivalent to around US$571,000, while Pump.fun recorded 2,575 SOL, worth around US$368,000, on the same day.
This revenue disparity highlights Sunpump’s rapid rise and growing influence in the memecoin market.
In addition to revenue, Sunpump also outperformed Pump.fun in terms of daily transaction volume. On August 21, Sunpump processed 7,531 transactions, while Pump.fun only managed 6,941 transactions.
This significant difference in transaction volume shows the extent to which Tron has taken control of a large portion of the meme coin market, which was previously heavily dominated by Solana.
Justin Sun’s Strategy
This shift in market leadership is likely the result of a strategic move by Tron Founder Justin Sun. Sun announced the launch of Sunpump on August 13, seemingly with the aim of challenging Solana’s dominance in the memecoin space.
However, as the Solana-based memecoin market becomes increasingly saturated, Sunpump offers an interesting new alternative, drawing traders away from the Solana ecosystem.
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