Tron’s new memecoin launchpad, SunPump, has helped the blockchain earn a record $151.2 million in the third quarter. Crypto analytics platform Messari reports this is almost a 30% increase compared to the last quarter.
Between August 12 and September 30, over 89,000 new tokens were launched on SunPump, leading to a remarkable 487% surge in Tron’s decentralized finance transactions.
The excitement began on August 16, with activity skyrocketing in the following weeks. Notably, during this time, more than 270 million TRON (TRX) tokens were burned, equivalent to around $42 million—about 27% of Tron’s total Q3 revenue.
The launch frenzy peaked on August 20, when more than 7,500 tokens were launched in a single day. However, this momentum slowed in September, with daily token launches dropping to under 1,000.
Among the new tokens, SunDog (SUNDOG) emerged as the largest memecoin, boasting a market cap of $217 million. Tron’s market cap also rose, increasing 24% to $13.5 billion by the end of the quarter.
Despite a slight decrease in total value locked (TVL) in DeFi protocols, which fell to $6.98 billion, the blockchain continues to attract attention. Tron’s average daily transactions reached 7.2 million, showcasing the platform’s growing popularity in the crypto space.
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