TRON-based meme token launchpool SunPump, which launched a week ago, has surpassed rival Pump_fun on the Solana network

What’s new? TRON blockchain-based meme token launch platform SunPump overtook rival Pump_fun on the Solana network in terms of tokens issued on August 21: 7531 vs. 6941, according to data from the analytics platform Dune. Notably, SunPump was launched just a week ago, while Pump_fun launched in January.

Dune data

What else is known? As a result, SunPump also beat its main competitor in revenue: $585 000 vs. $366 000. According to BSCNews, SunPump’s popularity is attracting traders to TRON, which saw 2,35 million active wallets in the last 24 hours compared to 967 000 on Solana.

Источник: X.com

Also, according to Dune, SunPump boasts a higher success rate with about 1,98% of tokens listed on Tron-based decentralized exchange (DEX) Sunswap, while Pump_fun has only 1,26% of its coins listed on DEX Raydium on Solana.

Upon opening on August 13, SunPump was presented as the first platform for launching meme tokens based on the fair launch model based on TRON. This model assumes that all coins are issued simultaneously, without presale, pre-freezing, and distribution of a certain share among the members of the project’s team.

With SunPump, users can create their own coin in a few clicks for a low fee, and flexible trading options allow them to sell assets at any time.

Pump_fun offers a similar launch method and charges less than $2. Pump_fun has dominated the meme token launchpool segment since the beginning of the year. It has been the site of many successful launches, including michi (MICHI), Billy (BILLY), Smoking Chiken Fish (SCF), Iggy Azalea performer Mother Iggy (MOTHER) and blogger Andrew Tate’s Daddy Tate (DADDY) coins. At its peak, there were over 20 000 tokens launched per day on Pump_fun, bringing in $2+ million each.

Revenue for meme token startup Pump.fun's platform hit a record in July

Also last month, Lunchpad overtook the Ethereum blockchain in terms of daily revenue on a one-time basis

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On August 21, the SunPump team announced an ecosystem partnership with cryptocurrency market maker DWF Labs, led by Andrei Grachev. “As a new generation Web3.0 investor and market maker, DWF Labs will empower the SunPump platform to reach new heights in this TronMemeSeason,” SunPump stated.

Source: X.com

TRON blockchain founder Justin Sun has also been actively promoting the platform on his X-account. In recent days, he has made numerous posts where he emphasized the blockchain’s focus on creating an ecosystem of meme tokens.

Among other things, he called TRON “the Kingdom of Memes” and said TRON’s revenue could reach $3 billion in the next 12 months, of which $1 billion will be destroyed by burning and $2 billion will be distributed as rewards to stakers and to subsidize transactions, which aims to make them cheaper for users. According to Sun, if the meme token strategy is successful, the figure will reach 4 billion.

Source: X.com

“We are doing our best to serve all the meme developers and users in the industry. It’s just the beginning,” said Sun, commenting on the news that SunPump has surpassed Pump_fun in terms of daily revenue.

Source: X.com

In addition, the largest SunPump-based meme token, Sundog (SUNDOG), has reached a market capitalization of $233 million and has surpassed Pump_fun’s largest coin, MICHI, at $61 million.

Despite the platform’s success, TRON’s (TRX) native token has lost 6,4% over the past 24 hours. The asset ranks 11th in the overall cryptocurrency ranking with a capitalization of $13,54 billion and is trading at $0,1537. Weekly rate growth amounted to 16,7%, and the asset has added 43% since the beginning of the year.