Justin Sun’s daily Tron blockchain revenue hit a new all-time high of $3.84 million, thanks to memecoin generator SunPump.
The milestone puts Tron ahead of established networks like Ethereum and Solana, which brought in $1.36 million and $541,000 in daily revenue, respectively.
SunPump Generates Tron Revenue
Market observers have linked Tron’s fee hike to the recent launch of memecoin deployer SunPump on the network.
The memecoin deployer, similar to Solana’s PumpFun, allows users to create and launch their memecoins on the Tron network. Since its launch, SunPump has generated over 8.4 million TRX in revenue, valued at around $1.39 million, according to data from Dune Analytics.
The platform notably recorded its highest turnover on August 20, with 2.78 million TRX, worth approximately $400,000. This peak also coincided with the launch of over 6,000 memecoins, contributing to approximately 20,883 memecoins launched to date.
SunPump’s success can be linked to Sun’s aggressive promotion and efforts to position Tron as a leader in the memecoin space.
The crypto entrepreneur highlighted the high liquidity of Tron’s stablecoin, mainly powered by Tether’s USDT, as a crucial advantage over other networks. He said:
“On other blockchains, a few hundred million stablecoins can give rise to billion-dollar memecoins. Tron has over $60 billion, so we could see dozens of billion-dollar memecoins. It sounds crazy, but the numbers don’t lie. Don’t fight the data.”
Data from DeFillama shows that Tron has the second-largest stablecoin supply at nearly $60 billion, representing 35% of the total market.
Early Investors Win
Meanwhile, blockchain data shows that early investors in some of the Tron blockchain’s memecoins are starting to make substantial profits thanks to the hype surrounding the sector.
Arkham Intelligence, a blockchain analytics firm, reported that a trader made $20 million in unrealized profits within six days of purchasing 104.33 million SUNDOG tokens for $1,690. The trader sold $1.08 million worth of SUNDOG tokens, but still holds tokens valued at $19.52 million across seven addresses.
Further away, CryptoSlate The list of top gainers for August 21 shows that SUNDOG and its variants rank among the best performing digital assets over the past 24 hours.
