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<p>Tron’s new memecoin deployment platform, SunPump, has quickly risen to prominence, overtaking the once-dominant Pump.fun on Solana.</p>
<p>Launched just last week by Tron’s Justin Sun, SunPump is already making waves. The Tron-based platform on August 22 generated a daily revenue topping $571,000—leaving Pump.fun’s $368,000 far behind, as per LookonChain data.</p>
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   <p lang="en" dir="ltr">The revenue of <a href="https://twitter.com/sunpumpmeme?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@sunpumpmeme</a> on <a href="https://twitter.com/hashtag/TronNetwork?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TronNetwork</a> surpassed <a href="https://twitter.com/pumpdotfun?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@pumpdotfun</a> yesterday!<a href="https://twitter.com/hashtag/SunPump?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SunPump</a> revenue: 3,656,176 <a href="https://twitter.com/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TRX</a>($571K).<a href="https://twitter.com/hashtag/PumpFun?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PumpFun</a> revenue: 2,575 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($368K). <a href="https://t.co/mpGqqIpXeB" rel="noopener noreferrer nofollow">pic.twitter.com/mpGqqIpXeB</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1826652910677266924?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 22, 2024</a>
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<p>At its peak, Pump.fun was launching over 20,000 tokens daily and pulling in more than $2 million in revenue. But since SunPump came onto the scene, those numbers have taken a hit.</p>
<p>The memecoin community is flocking to Tron, driven by the success of tokens like Sundog (SUNDOG), which now boasts a market cap of $190 million—dwarfing Pump.fun’s top token, Michi (MICHI), with a $61 million market cap.</p>
<h2 class="wp-block-heading" id="h-why-the-switch-to-sunpump"><strong>Why the Switch to SunPump?</strong></h2>
<p>So, why the sudden shift? For one, SunPump is delivering better results for traders. According to blockchain&nbsp;<a href="https://dune.com/maditim/sunpump" rel="noopener noreferrer nofollow">data</a>, SunPump has a higher “graduation” rate, with 2.01% of launched tokens making it to Tron’s Sunswap exchange. Meanwhile, Pump.fun’s success rate for getting tokens onto Solana’s Raydium exchange lags behind at 1.26%.</p>
<p>Traders are noticing that SunPump is providing better opportunities. The sheer volume of tokens and the speed at which they’re gaining traction on Tron is drawing attention. It’s a classic case of crypto users following the money—and right now, the money is on SunPump.</p>
<h2 class="wp-block-heading" id="h-tron-s-big-win-over-solana"><strong>Tron’s Big Win Over Solana</strong></h2>
<p>This surge in activity has done wonders for Tron’s blockchain. According to Defillama&nbsp;<a href="https://defillama.com/chains" rel="noopener noreferrer nofollow">data</a>, in just 24 hours, Tron saw 1.97 million active wallet addresses, easily surpassing Solana’s 1.05 million.</p>
<p>This influx of users has also driven Tron’s daily fees to a new record.&nbsp;<a href="https://www.thecoinrepublic.com/2024/08/15/tron-price-in-stress-mode-memecoin-mania-to-push-trx-to-0-5/" rel="noopener noreferrer nofollow">Tron network</a>&nbsp;set a new record for daily fees, pulling in $5.43 million over the last 24 hours as per DefiLlama&nbsp;<a href="https://defillama.com/fees" rel="noopener noreferrer nofollow">data</a>. In comparison, Solana generated $272,686 over the same period.</p>
<p>Prior to SunPump’s launch, Tron’s daily fees usually ranged between $1 million and $1.5 million, occasionally dipping below the million-dollar threshold.</p>
<p><a href="https://www.thecoinrepublic.com/2024/08/21/trons-justin-sun-proposes-boosting-energy-limit-amid-sunpump-frenzy/" rel="noopener noreferrer nofollow">Tron’s Justin Sun</a>&nbsp;himself seems pretty pleased with how things are going. He took to Twitter on August 21, 2024, to declare, “It’s gonna stay strong.”</p>
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/23/sunpump-is-stealing-the-spotlight-from-pumpfun-how/" rel="noopener noreferrer nofollow">SunPump is Stealing the Spotlight from PumpFun, How?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

SunPump is Stealing the Spotlight from PumpFun, How?

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