SunPump Fuels Tron’s Q3 Surge with Meme Coin Boom and Record Growth
Tron's meme coin platform, SunPump, experienced a major boost in the third quarter, as detailed in Messari's report.
The platform’s activity surged between August and September, driving a significant 487% jump in DeFi transactions on the Tron network and generating $151.2 million in revenue—a 30% rise from the prior quarter.
SunPump’s rapid growth began in mid-August, with over 270 million TRXs burned by the end of the month, adding $42 million to quarterly earnings.
Token launches hit a peak on August 20 but slowed notably in September. Popular meme coins from SunPump include SunDog (SUNDOG), along with other traded tokens like Tron Bull and Invest Zone.
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Crypto market Soars with Record Activity as Uptober Boosts Investor EnthusiasmTron’s TRX continued its upward trend, marking a seventh consecutive quarter of growth, while the network’s daily transactions and active addresses also saw gains.
The total value locked in Tron’s DeFi was $8.1 billion at quarter-end, but has since dipped, and USDT on Tron reached nearly $59 billion, accounting for about half of Tether’s market share.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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