TRON

Date: Wed, Oct 02, 2024, 02:25 PM GMTIn a significant milestone for the cryptocurrency world, TRON Network reported a record-breaking revenue of $577 million for the third quarter of 2024. This marks the highest revenue the network has achieved since its inception, with a 43% increase compared to the second quarter. The <a href="https://x.com/justinsuntron/status/1841476849148240197" rel="noopener noreferrer nofollow">announcement </a>was made by TRON founder Justin Sun on the X platform.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e43fc65df74444e5bb5cb20860eecd8a.jpeg" />Source: X<h3 id="sunpump-memecoin-generator-fuels-revenue-surge">SunPump Memecoin Generator Fuels Revenue Surge</h3>The surge in revenue is primarily credited to the launch of SunPump, a memecoin generator that has rapidly gained popularity within the TRON ecosystem. This platform allows users to easily create and launch their own memecoins, tapping into the viral trend that has captured the attention of crypto enthusiasts worldwide. On a single day in August, TRON&#39;s daily revenue peaked at $5.33 million, surpassing even industry giants like Ethereum and Solana in terms of daily revenue generation.<h3 id="over-89-000-memecoins-created-on-tron">Over 89,000 Memecoins Created on TRON</h3>TRON’s success with SunPump demonstrates the platform’s ability to innovate and engage its community. Since its introduction, over 89,000 memecoins have been created, showcasing the network’s capacity to handle large volumes of transactions while keeping fees minimal.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a681d47e14f142758e55586514fe34a8.png" />Source: <a href="https://dune.com/hashed_official/sunpumpmeme" rel="noopener noreferrer nofollow">DeFiLlama</a>However, despite the financial success, TRON’s native cryptocurrency, TRX, saw a slight dip in price, trading at around $0.1543. This minor drop is attributed to broader market conditions, despite the network’s record activity.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Also Read: <a href="https://coinsprobe.com/wormhole-w-surges-following-upbit-listing-more-rally-ahead/" rel="noopener noreferrer nofollow">Wormhole (W) Surges Following Upbit Listing—More Rally Ahead?</a>

TRON Network Hits Record Revenue in Q3 2024—Highest Since Launch

Table of Contents

CoinsProbe

Other articles published on Oct 2, 2024

Top Crypto Staking Platforms: How to Pick the Best One

Ripple’s RLUSD Stablecoin Fuels XRP Open Interest Surge, Exceeding $1 Billion

Dogecoin Sees Record High Whale Activity Amid Market Volatility: SANTIMENT

What Will Be the Price If XRP ETF Is Approved in the US? Here Are Comparative Predictions!

Ripple Mints Another 1.35M RLUSD in 24 Hours, What’s Next?

BingX Exchange Hit by $26M Crypto Theft: Report

Join our free newsletter for daily crypto updates!