{"id":588,"date":"2024-08-23T19:00:48","date_gmt":"2024-08-23T19:00:48","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=588"},"modified":"2024-08-23T19:00:48","modified_gmt":"2024-08-23T19:00:48","slug":"tron-overtakes-solana-as-new-home-of-meme-coins-revenues-skyrocket","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=588","title":{"rendered":"Tron Overtakes Solana As New Home Of Meme Coins, Revenues Skyrocket"},"content":{"rendered":"

Recent data shows that the Tron network<\/a> has overtaken Solana<\/a> as the leading platform for meme coin trading. This feat follows Tron\u2019s meme coin launchpad, Sunpump, which has overshadowed Solana\u2019s Pump.fun<\/a>.<\/p>\n

Sunpump Surpasses Pump.fun In Daily Revenue<\/h2>\n

Onchain analytics platform Lookonchain<\/a> revealed in an X (formerly Twitter) post<\/a> that Sunpump surpassed Pump.fun in daily revenue on August 21. The platform shared data from Dune Analytics<\/a>, which showed that Sunpump generated 3.65 million TRX ($571,000) while Pumpfun.fun made 2,575 SOL ($368,000) on that day.\u00a0<\/p>\n

Sunpump also surpassed<\/a> Pump.fun in the number of daily transactions<\/a> recorded on that, with the former processing 7,531 transactions while Pump.fun processed 6,941 transactions. This development highlights how Tron has stolen a huge chunk of the meme coin market, which Solana largely dominated before now.\u00a0<\/p>\n

This was likely what Tron\u2019s Founder, Justin Sun<\/a>, aimed to achieve when he announced Sunpump\u2019s launch on August 13. Before now, Solana had dominated the meme coin market partly thanks to the Pump.fun meme coin launchpad, which made it easier for meme coins to be deployed on the network and instantly attracted meme coin traders<\/a>. However, Solana\u2019s meme coin market has saturated, and Sunpump\u2019s launch provided an alternative for these traders.\u00a0<\/p>\n

Meanwhile, these meme coin traders\u2019 migration to Sunpump has led to a significant surge in Tron\u2019s decentralized exchange (DEX) volume. Data<\/a> from DeFiLlama shows that Tron\u2019s DEX volume has been up over 558% in the last seven days. At the same time, Solana\u2019s DEX volume<\/a> has dropped<\/a> by over 24%.\u00a0\u00a0<\/p>\n

This development has consequently impacted the prices of the native tokens of both chains. Data from CoinMarketCap shows that Tron (TRX) has increased by over 18% in the last seven days. Meanwhile, Solana\u2019s (SOL) price has recorded a meager price gain of under 2% during this period.\u00a0<\/p>\n

More To Come From Tron<\/h2>\n

Justin Sun<\/a> has continued to tease that Tron\u2019s success<\/a> this past week is just the tip of the iceberg for what is set to come for the network and its ecosystem. In a recent X post<\/a>, he stated that \u201ceverything is just getting started\u201d and that the recent storm was just a \u201cwarm-up.\u201d He added that this weekend will be \u201cunbelievable\u201d and advised market participants to prepare for it.\u00a0<\/p>\n

In another X post<\/a>, he told the crypto community to expect many announcements from him in the coming weeks. Sun has already revealed<\/a> some upgrades that have been made to Tron to accommodate the influx of meme coin trades that have flocked the network recently. One is the reduction of transaction fees<\/a> on the network to make it more competitive and on par with the fees on cheaper networks like Solana<\/a>.\u00a0<\/p>\n

Cover image from Dall-e, chart from Tradingview<\/p>","protected":false},"excerpt":{"rendered":"

Recent data shows that the Tron network has overtaken Solana as the leading platform for meme coin trading. This feat follows Tron\u2019s meme coin launchpad, Sunpump, which has overshadowed Solana\u2019s Pump.fun. Sunpump Surpasses Pump.fun In Daily Revenue Onchain analytics platform Lookonchain revealed in an X (formerly Twitter) post that Sunpump surpassed Pump.fun in daily revenue […]<\/p>\n","protected":false},"author":0,"featured_media":589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/588"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=588"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/589"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}