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Sun Pump Outperforms Pump.fun and Boosts TRON Profitability

22.08.2024
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Over the past 24 hours, transaction fees on Sun Pump, a new meme coin creation platform running on the TRON blockchain, were 59% higher than those on the Solana-based Pump.fun.

Sun Pump on TRON Outperforms Pump.fun on Solana

According to an independent blockchain researcher, users of the Sun Pump platform minted 7,351 new tokens in a single day on August 21, generating $585,000 in fee revenue for the project. In contrast, the Pump.fun platform, which was leading the meme coin market in recent weeks, earned only $366,000 during the same period, with 6,701 new tokens minted.

Sun Pump launched less than two weeks ago and already generated over $1.5 million (~10.5 million TRX) in fees. In just 12 days, its users minted over 26,000 new meme coins on the TRON blockchain.

The surge in user activity on the protocol triggered a rise in transaction fees on the TRON blockchain, mirroring a scenario in which the Pump.fun platform recently propelled the Solana network to lead in fees. The TRON network revenue reached a record $3.84 million in the last 24 hours.

Analysts warned that the probability of making a profit on Pump.fun is just 0.12%. However, the popularity of meme coins is rapidly growing, and trading protocols are launching new tools that offer additional financial benefits from trading in the meme coin market.

Сообщение Sun Pump Outperforms Pump.fun and Boosts TRON Profitability появились сначала на CoinsPaid Media.

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CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

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