2024

DeFi

TRON

Coin

<ul class="wp-block-list news-points">
 <li>SunPump fueled TRON’s strong revenue growth and significant rise in DEX trading activity.&nbsp;&nbsp;</li>
 <li>TRX’s deflationary model increased its market cap and improved its position among top cryptos.&nbsp;&nbsp;</li>
 <li>SUN V2 saw massive growth due to memecoin liquidity, becoming a key part of TRON’s DEX ecosystem.&nbsp;</li>
</ul>
TRON’s decentralized finance (DeFi) network is booming, thanks to the launch of SunPump, a new memecoin platform. This has driven significant growth in decentralized exchange (DEX) volumes and overall network activity.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 State of <a href="https://twitter.com/trondao?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@trondao</a> Q3 Key Update: TRON's new memecoin platform SunPump ignites explosive growth in DeFi activity and ecosystem expansion. QoQ Metrics <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> – Revenue <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b06.png" alt="⬆" class="wp-smiley" style="height: 1em; max-height: 1em;"> 29% to ATH – DEX volumes <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b06.png" alt="⬆" class="wp-smiley" style="height: 1em; max-height: 1em;"> 150% – DeFi TVL <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b06.png" alt="⬆" class="wp-smiley" style="height: 1em; max-height: 1em;"> 4% to $8.09B Read the full report <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/EbfoGOrNH9" target="_blank" rel="noopener noreferrer nofollow">https://t.co/EbfoGOrNH9</a> <a href="https://t.co/PGRu9UnHue" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PGRu9UnHue</a>— Messari (@MessariCrypto) <a href="https://twitter.com/MessariCrypto/status/1847042613188481107?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 17, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
TRON <a href="https://messari.io/report/state-of-tron-q3-2024?utm_source=twitter&amp;utm_medium=organic_social&amp;utm_campaign=q3_quarterly&amp;utm_content=state_of_tron_q3_2024&amp;destination=protocol_services_research" target="_blank" rel="noopener noreferrer nofollow">recorded</a> its highest-ever quarterly revenue in Q3 2024. Revenue jumped 29%, from $117.5 million to $151.2 million. In TRX terms, the network’s token revenue increased by 6%, reaching 1.05 billion TRX.
SunPump’s impact is clear. Between August 16 and August 31, the platform’s activity burned 270.3 million TRX, representing 27% of …
The post <a href="https://coinedition.com/tron-defi-explodes-with-sunpump-launch-dex-volumes-surge-150/" rel="noopener noreferrer nofollow">TRON DeFi Explodes with SunPump Launch, DEX Volumes Surge 150%</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

TRON DeFi Explodes with SunPump Launch, DEX Volumes Surge 150%

Coin Edition

Other articles published on Oct 18, 2024

SEC Appeals Ripple Case Amid Deadline Debates

Bitcoin’s Profitability Soars to 95%: Is a Breakout Imminent, or Will Cybro Outperform BTC?

Is XRP About to Explode? Experts Predict Huge Gains Amid Altcoin Season

Craig Wright Files New Lawsuit Against Bitcoin Core Developers

Matchain Hits Major Milestone: Over 9 Million Wallets And Counting

Canary Capital Submits Landmark S-1 Filing for Litecoin ETF with SEC

Join our free newsletter for daily crypto updates!