- SunPump launch resulted in $246,000 in revenue for Tron, translating to 1.84 million TRX.
- The launch facilitated the creation of 4,844 new meme coins.
Tron [TRX] Network has achieved a significant financial breakthrough recently following the launch of its latest initiative, SunPump.
The project was spearheaded by Justin Sun, founder of Tron, and it has generated huge income, marking a milestone in the life of this network.
Over the last few days, the Tron Network has made about 1.84 million TRX, equivalent to nearly $246k since they launched SunPump, according to on-chain analytics firm Lookonchain.
Source: X
Lookonchain gave some insights through the X account. In their post, the analytics provider announced,
“Since #SunPump launched, 4,844 #MEMEcoins have been created on #TronNetwork, bringing a revenue of 1.84M $TRX ($246.6K).”
Such an achievement emphasizes how important initiatives like SunPump are for fostering engagement and innovation in blockchain ecosystems.
The emergence of SunPump has brought about an upswing in meme coin production activities on the chain. From this launch alone, Lookonchain noted that there have been over 4,844 new meme coins created on the Tron Network.
Such a bulk increase in token production demonstrates yet again that meme coins are becoming more and more popular in the crypto community.
Impact on Tron Network’s ecosystem
SunPump’s success not only suggests a surging meme coin interest but also the Tron Network’s ability to create a large number of tokens.
This move has successfully lured developers and innovators into the ecosystem. Thus cementing its position as one of the most prominent blockchain innovation hubs.
Realistic or not, here’s TRX market cap in BTC’s terms
The revenue pumped into the network through SunPump signals increased engagement and activity on the network.
To assess this growth, AMBCrypto conducted an analysis of active address data from IntoTheBlock. The data indicates a 4.56% surge in the number of active addresses over the past 24 hours alone.
Source: IntoTheBlock
Source: https://ambcrypto.com/trons-sunpump-effect-4844-new-meme-coins-and-246k-in-revenues/