According to Dune, almost six thousand memecoins have already been launched on TRON via SunPump, which have brought in more than 2 million TRX
TRON (TRX) blockchain creator Justin Sun has launched a platform called SunPump and is now promising that the first “billionth” memecoin will appear on the network.
SunPump is a service that allows users to quickly create memecoins on the TRON blockchain. The platform was launched via the Sun.io project.
To create a “meme” coin, you need to pay 20 TRX, as well as a trading fee of 1%. The fee is charged in the TRX cryptocurrency.
According to Dune, on August 17, the TRON blockchain recorded a record one-day income from memceoin launches via SunPump. In just 24 hours, users created more than four thousand tokens. The platform earned more than 1 million TRX ($133,000) in fees.
Justin Sun is now confident that the momentum will continue. He noted the key advantages of the TRON blockchain over its competitors.
“Tron’s biggest strength is $60 billion in TRON USDT. No other blockchain protocol has such a large liquidity pool. Memecoins thrive on liquidity, and Tron has it in abundance,” he wrote on X (formerly Twitter).
Sun noted that TRX holders are looking to invest in new, interesting memecoins, while developers and traders are looking for a platform with reliable stablecoin liquidity. TRON is the perfect choice for them. The network offers fast and cost-effective transactions, as well as protection from MEV, the entrepreneur emphasized.
TRON is indeed considered one of the most efficient networks for transactions. In terms of the number of stablecoins on the platform, the blockchain significantly outstrips most competitors. According to DefiLlama, TRON stores “stable” coins worth about $60 billion.
Taking all the above factors into account, Sun predicts that the TRON network will soon have a “billionth” memecoins. According to him, one of these coins, Sundog, has already increased significantly in price and brought good profits to early investors.
However, SunPump will not be able to achieve such success so easily. There are already platforms on the market that offer a similar service. For example, pump.fun. The latter has already received rave reviews from the community, and recently even surpassed Ethereum in revenue.
In addition, there are growing concerns among many experts that the memecoins boom is nearing its end.
“The reason why memecoin traders are losing money is because real money on Wall Street is now moving into crypto. Scams, celebrity coins, etc. won’t work anymore. The garbage is being thrown out (and publicly condemned). This is good for digital asset adoption in the long run,” said ETF Store President Nate Geraci.
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