Recently, cryptos related to the Tron ecosystem have shown remarkable growth compared to the general market. Let’s find out why the Tron system has experienced significant growth recently.
Sun Pump Launch
Understanding the high-risk mindset of investors, Justin Sun, founder of Tron, introduced the Meme Fair Launch called Sun Pump on August 12. This product has garnered positive responses from traders, drawing attention to the Tron blockchain following the TON, Solana, and Base blockchains earlier this year.
Several Tron meme coins, such as SUNDOG and SOFAR, have seen explosive growth in the past few days, with an increase of over 100%.
However, investors should note that high returns often come with high risks, so they should avoid buying meme coins when they are overvalued, have little media exposure, or show signs of erratic on-chain liquidity withdrawals.
According to data from Dune Analytics, Sun Pump generated over $1.5 million in revenue in just 12 days since its launch.
Tron Blockchain Development
In addition to the Memecoin fever, the Tron blockchain itself has witnessed significant developments.
According to data from Token Terminal, the Tron network has surpassed Ethereum with fee revenue reaching nearly $435 million in the past 90 days, exceeding Ethereum’s $364 million by more than 50%. Fee revenue reflects the total tokens paid by users when using the network, reflecting the increasing frequency of TRON network usage in recent months.
Since the beginning of 2024, the cumulative revenue of the Tron network has surged to $1.4 billion, leading the entire crypto market.
The price of TRX (TRON) tokens has increased by 15% since the beginning of the week, currently trading around $0.15. The price of the SUN token has also increased by 76% in the past week, reflecting the significant interest from the crypto community in the entire Tron ecosystem.
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