TRON’s non-stablecoin transactions surged by 25% following the release of Sun.pump on August 9.
Sun.pump’s memecoin platform shifts TRON’s network usage from stablecoins to diverse tokens.
Stablecoin activity on TRON dropped from 98% to 75% due to Sun.pump’s rising popularity.
The TRON blockchain has seen a major shift in transaction activity since the launch of Sun.pump, a TRON-based platform that empowers users to create memecoins. This change, which occurred on August 9th, 2024, has transformed how the network is used, especially for non-stablecoin transactions.
Before Sun.pump, stablecoins dominated TRON’s activity, accounting for roughly 98%. However, this ratio has quickly changed, with stablecoin activity now around 75%.
Source: CryptoQuant
Memecoin Creation Drives Non-Stablecoin Transfers
Sun.pump’s platform focuses on enabling users to create memecoins centered around communities. Since its launch, the demand for non-stablecoin transfers has skyrocketed. Platform users have increasingly embraced memecoins, leading to more diverse transaction types across the TRON network.
For much of 2024, stablecoin transactions were the backbon…
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