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SunPump platform revenue on the Tron network exceeded $1.1 million ☑️

SunPump platform revenue on the Tron network exceeded $1.1 million ☑️

Aug-23-2024 06:29:42 AM

SunPump, a memcoin creation platform launched just 11 days ago on the Tron blockchain, has become a worthy competitor to the similar pump_fun platform on the Solana network.

According to the Dune Analytics service, since its launch on August 9, SunPump's total revenue has amounted to about 7 million TRX (more than $1.1 million).
Users of the platform have generated more than 18,404 meme tokens, sparking a revival in the Tron blockchain.

The most popular memcoin on the network was SUNWUKONG, which was created on SunPump on August 13. Over the past 24 hours, the asset has risen more than 20,462%. Its market capitalization exceeded $12 million.

While some experts doubt the long-term prospects of meme cryptocurrency, Tron founder Justin Sun said this type of asset could be a good alternative to overvalued projects.

The developers of SunPump have almost completely replicated the functions of pump_fun.
For this reason, anyone can create memcoins in the Tron network - it is enough to pay 20 TRX and a trading commission of 1% to keep the service running.

The main advantage of SunPump over pump fun is its strategic partnership with the Poloniex cryptocurrency exchange.
It lists projects with a daily trading volume of $1 million for three consecutive days.