SunPump fueled TRON’s strong revenue growth and significant rise in DEX trading activity.
TRX’s deflationary model increased its market cap and improved its position among top cryptos.
SUN V2 saw massive growth due to memecoin liquidity, becoming a key part of TRON’s DEX ecosystem.
TRON’s decentralized finance (DeFi) network is booming, thanks to the launch of SunPump, a new memecoin platform. This has driven significant growth in decentralized exchange (DEX) volumes and overall network activity.
State of @trondao Q3
Key Update: TRON's new memecoin platform SunPump ignites explosive growth in DeFi activity and ecosystem expansion.
QoQ Metrics 
– Revenue 
29% to ATH
– DEX volumes 150%
– DeFi TVL 4% to $8.09B
Read the full report 
https://t.co/EbfoGOrNH9 pic.twitter.com/PGRu9UnHue
— Messari (@MessariCrypto) October 17, 2024
TRON recorded its highest-ever quarterly revenue in Q3 2024. Revenue jumped 29%, from $117.5 million to $151.2 million. In TRX terms, the network’s token revenue increased by 6%, reaching 1.05 billion TRX.
SunPump’s impact is clear. Between August 16 and August 31, the platform’s activity burned 270.3 million TRX, representing 27% of …
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