tl;dr
Tron's new meme coin launchpad, SunPump, has gained attention from traders, surpassing leading Solana platform Pump.fun in launching new tokens. SunPump, introduced by Tron creator Justin Sun, has launched 7,352 tokens in the last 24 hours, while Pump.fun has launched 5,694. SunPump's success has le...
SunPump, Tron's new meme coin launchpad, has gained traction over leading Solana platform Pump.fun, launching more tokens and attracting increased user activity. Tron creator Justin Sun introduces SunPump as the "first meme fair launch platform" and sees rapid success with Sundog (SUNDOG) reaching a $190 million market cap.
SunPump demonstrates a higher token "graduation" rate and onboards a significant number of users to the Tron network, leading to a surge in active wallet addresses and record-breaking daily fees.
Tron's new meme coin launchpad, SunPump, has garnered attention from traders, surpassing leading Solana platform Pump.fun in launching new tokens. SunPump, introduced by Tron creator Justin Sun, has launched 7,352 tokens in the last 24 hours, while Pump.fun has launched 5,694.
SunPump's success has led to a shift in meme coin momentum from Solana to Tron, with a higher "graduation" rate on Sunswap, Tron's decentralized exchange. This has attracted a swarm of users to the Tron network, resulting in 2.35 million active wallet addresses over the past 24 hours, compared to Solana's 967,000. Tron has also seen a significant increase in daily fees, reaching $3.84 million on Monday, a substantial rise from its previous range of $1 million to $1.5 million.
Tron’s new meme coin launchpad, SunPump, has stolen the attention of degen traders from leading Solana platform Pump.fun, launching more new tokens over the last day. SunPump has been used to launch 7,352 tokens, while Pump.fun has launched 5,694 new tokens during the same span.
Tron creator Justin Sun introduced SunPump as the “first meme fair launch platform,” and Sundog (SUNDOG) on Tron has reached a $190 million market cap, surpassing every token launched so far on Pump.fun.
SunPump has a higher "graduation" rate, with 1.98% of launched tokens being listed on Sunswap, a Tron decentralized exchange, while Pump.fun’s equivalent rate for tokens being listed on Solana exchange Raydium is 1.26%.
With the migration of degens to SunPump, a swarm of users has been onboarded to the Tron network, resulting in 2.35 million active wallet addresses over the past 24 hours, the most of any network, with Solana well behind at about 967,000. Tron has also brought in the most daily fees in its entire history, raking in $3.84 million on Monday.