Justin Solar‘s Tron blockchain’s daily revenue reached a brand new all-time excessive of $3.84 million, pushed by the memecoin generator SunPump.
This milestone locations Tron forward of established networks like Ethereum and Solana, which reported $1.36 million and $541,000 in daily revenue, respectively.
SunPump is driving Tron’s revenue
Market observers have linked Tron’s payment surge to the latest launch of the SunPump memecoin deployer on the community.
The memecoin deployer, much like Solana’s PumpFun, permits customers to create and launch their memecoins on the Tron community. Since its launch, SunPump has generated over 8.4 million TRX in revenue, valued at roughly $1.39 million, in keeping with data from Dune Analytics.
Notably, the platform noticed its highest revenue on Aug. 20, incomes 2.78 million TRX, price round $400,000. This peak additionally coincided with the launch of over 6,000 memecoins, contributing to roughly 20,883 memecoins launched so far.
SunPump’s success may be linked to Solar’s aggressive promotion and efforts to place Tron as a pacesetter in the memecoin house.
The crypto entrepreneur emphasised that Tron’s sturdy stablecoin liquidity, primarily pushed by Tether’s USDT, is a vital benefit over different networks. He said:
“On other blockchains, a few hundred million in stablecoins can pop out billion-dollar meme coins. Tron’s got $60 billion+, so we could see dozens of billion-dollar meme coins. Sounds wild, but numbers don’t lie. Don’t fight the data.”
DeFillama knowledge exhibits that Tron has the second-largest stablecoin provide of almost $60 billion, which accounts for 35% of the entire market.
Early buyers acquire
In the meantime, blockchain knowledge exhibits that early buyers in a few of the memecoins on the Tron blockchain are starting to make substantial earnings from the hype in the sector.
Blockchain analytical agency Arkham Intelligence reported that one dealer gained $20 million in unrealized earnings inside six days of buying 104.33 million SUNDOG tokens for $1,690. The dealer has offered $1.08 million price of SUNDOG however nonetheless holds tokens valued at $19.52 million throughout seven addresses.
Additional, CryptoSlate’s prime gainers checklist for Aug. 21 exhibits that SUNDOG and its variations rank among the many top-performing digital belongings over the past 24 hours.
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