Tron Overtakes Solana As New Home Of Meme Coins, Revenues Skyrocket

Latest knowledge reveals that the Tron community has overtaken Solana because the main platform for meme coin buying and selling. This feat follows Tron’s meme coin launchpad, Sunpump, which has overshadowed Solana’s Pump.enjoyable.

Sunpump Surpasses Pump.enjoyable In Every day Income

Onchain analytics platform Lookonchain revealed in an X (previously Twitter) publish that Sunpump surpassed Pump.enjoyable in day by day income on August 21. The platform shared knowledge from Dune Analytics, which confirmed that Sunpump generated 3.65 million TRX ($571,000) whereas Pumpfun.enjoyable made 2,575 SOL ($368,000) on that day. 

Sunpump additionally surpassed Pump.enjoyable within the variety of day by day transactions recorded on that, with the previous processing 7,531 transactions whereas Pump.enjoyable processed 6,941 transactions. This growth highlights how Tron has stolen an enormous chunk of the meme coin market, which Solana largely dominated prior to now. 

This was probably what Tron’s Founder, Justin Solar, aimed to attain when he introduced Sunpump’s launch on August 13. Prior to now, Solana had dominated the meme coin market partly due to the Pump.enjoyable meme coin launchpad, which made it simpler for meme cash to be deployed on the community and immediately attracted meme coin merchants. Nevertheless, Solana’s meme coin market has saturated, and Sunpump’s launch supplied an alternate for these merchants. 

In the meantime, these meme coin merchants’ migration to Sunpump has led to a major surge in Tron’s decentralized trade (DEX) quantity. Information from DeFiLlama reveals that Tron’s DEX quantity has been up over 558% within the final seven days. On the similar time, Solana’s DEX quantity has dropped by over 24%.  

This growth has consequently impacted the costs of the native tokens of each chains. Information from CoinMarketCap reveals that Tron (TRX) has elevated by over 18% within the final seven days. In the meantime, Solana’s (SOL) worth has recorded a meager worth acquire of underneath 2% throughout this era. 

Extra To Come From Tron

Justin Solar has continued to tease that Tron’s success this previous week is simply the tip of the iceberg for what is ready to return for the community and its ecosystem. In a latest X publish, he acknowledged that “all the things is simply getting began” and that the latest storm was only a “warm-up.” He added that this weekend shall be “unbelievable” and suggested market individuals to organize for it. 

In one other X publish, he instructed the crypto group to count on many bulletins from him within the coming weeks. Solar has already revealed some upgrades which have been made to Tron to accommodate the inflow of meme coin trades which have flocked the community not too long ago. One is the discount of transaction charges on the community to make it extra aggressive and on par with the charges on cheaper networks like Solana. 

Cowl picture from Dall-e, chart from Tradingview