YEREVAN (CoinChapter.com) — TRON’s memecoin scene is seeing rapid growth. The network has become a hub for new memecoins, with over 1,000 coins launched daily through SunPump. This protocol allows users to create their own memecoins quickly without needing development skills. The surge has positioned TRON as a major player in the memecoin market.
TRON’s SunPump: 4,844 Memecoins, $1.84M TRX Revenue in Days
On August 13, 2024, Sun.io, connected to TRON’s founder Justin Sun, introduced SunPump. This protocol, similar to PumpFun, lets users create memecoins within minutes, even without technical knowledge. The platform has seen significant activity, with over 1,000 memecoins being created each day.
Data from Lookonchain shows that as of August 18, 2024, 4,844 memecoins have been launched on the TRON network through SunPump. These coins have generated 1.84 million TRX, or approximately $246,600, in revenue.
SunPump’s revenue is also growing. On August 17, the protocol brought in over $1.5 million, highlighting the memecoin trend on TRON.
Justin Sun Boasts TRON’s $60B Liquidity as New Protocol Gains $1.5M in a Day
Justin Sun has highlighted TRON’s strengths, especially its liquidity. He stated,
“For me, when it comes to the whole ‘Why TRON, why SunPumpMeme?’ thing, the biggest flex is that $60 billion in TRON USDT. No other blockchain protocol’s got a liquidity pool this massive. Meme coin platforms live and die by liquidity, and TRON’s got it in spades.”
TRON currently holds $60 billion in circulating USDT, compared to Solana’s $1.9 billion. This large liquidity pool gives TRON an edge in the memecoin market.
SunPump has gained significant attention within the TRON community. The protocol generated over $1.5 million in revenue on a single day, reflecting strong interest.
Latest blockchain projects