Tron's New Memecoin Launchpad, SunPump, Has Helped the Blockchain Earn a Record $151.2 Million in the Third Quarter

Crypto analytics platform Messari reports this is almost a 30% increase compared to the last quarter.

Tron's new memecoin launchpad, SunPump, has played a pivotal role in generating a record-breaking revenue of $151.2 million for the blockchain in Q3, according to crypto analytics platform Messari. This marks an impressive increase of nearly 30% compared to the previous quarter.

During the period of August 12 to September 30, an astonishing 89,000 new tokens were launched on SunPump, leading to a remarkable surge of 487% in Tron's decentralized finance transactions. The activity began to ramp up on August 16, and continued to surge in the following weeks.

Notably, during this time, over 270 million TRON (TRX) tokens were burned, which is valued at around $42 million and comprises roughly 27% of Tron's total Q3 revenue. The launch frenzy peaked on August 20, with more than 7,500 tokens being launched in a single day. However, the momentum slowed in September, with daily token launches dropping to less than 1,000.

Among the new tokens, SunDog (SUNDOG) emerged as the largest memecoin, boasting a market cap of $217 million. Tron's market cap also saw an increase of 24%, reaching $13.5 billion by the end of the third quarter.

Despite a slight decrease in the total value locked (TVL) in DeFi protocols, which fell to $6.98 billion, the blockchain continues to attract attention. Tron's average daily transactions reached 7.2 million, showcasing the platform's growing popularity in the crypto space.

The above is the detailed content of Tron's New Memecoin Launchpad, SunPump, Has Helped the Blockchain Earn a Record $151.2 Million in the Third Quarter. For more information, please follow other related articles on the PHP Chinese website!