SunPump by Justin Sun Generates Over $1M Revenue Shortly After Launch
- SunPump, the Tron memecoin deployer reached $1 million in revenue.
- Tron has generated $3.8M in revenue in the past 24 hours.
Justin Sun, the founder of Tron, launched SunPump on August 13, positioning it as a competitor to Solanas Pump.fun token generator. In just eight days since its debut, SunPump has generated over $1 million in revenue. As a memecoin deployer on the Tron network, SunPump has quickly gained traction, earning an impressive over $1 million in revenue within just a few days of its launch.
One of the key factors contributing to SunPumps success is the low gas fee on the Tron network. In an official tweet, Justin Sun announced that the transaction fees for both Tron and SunPump have been reduced by 90%, with the fee now standing at just $0.352 per transaction.
The Tron blockchain has long been a hub for meme-inspired cryptocurrencies, and SunPump has capitalized on this trend. The platforms strategic focus on the Tron blockchain has allowed it to capitalize on the networks growing popularity and robust ecosystem. As more investors and developers turn to Tron, SunPump has positioned itself as a go-to solution for memecoin deployment.
Tron Recorded an ATH of 7.99M Transactions
Tron maintained an average of 7.99 million transactions per day with over 8 billion transactions. The network recorded more revenue than Ethereum and a few other major networks. It collected $434 million in fees.
The Tron-based memecoins have led the price of TRX to hit a three-year high of $0.1656. The network generated over $3.8 million in revenue in the past 24 hours. Since the launch of SunPump, 4844 memecoins have been created on the Tron network. This has brought in a revenue of $1.84M. Additionally, $1B USDT was minted on the Tron network, recently by USDT issuer Tether.
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Read more: https://thenewscrypto.com/sunpump-by-justin-sun-generates-over-1m-revenue-shortly-after-launch/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
