Tron’s new memecoin launchpad, SunPump, has been a major success, contributing to a record $151.2 million in revenue during the third quarter. This represents a nearly 30% increase compared to the previous quarter.
The platform’s popularity has been fueled by a surge in token launches. Over 89,000 new tokens were introduced on SunPump between August 12 and September 30, leading to a staggering 487% increase in Tron’s decentralized finance transactions.
One of the most notable tokens launched on SunPump was SunDog (SUNDOG), which quickly gained traction and reached a market capitalization of $217 million. This growth contributed to a 24% increase in Tron’s overall market cap, reaching $13.5 billion by the end of the quarter.
While the total value locked in DeFi protocols on Tron experienced a slight decline, the blockchain’s average daily transactions reached 7.2 million, indicating growing interest and activity within the ecosystem.