- SunPump’s revenue on the Tron Network surpassed Pump.fun, highlighting its growing influence within the ecosystem.
- Despite scrutiny over USDD’s stability, the Tron ecosystem remains strong, with TRX showing resilience.
According to Lookonchain data, SunPump’s revenue on the Tron Network has lately surpassed that of Pump.fun on the Solana. SunPump earned 3,656,176 TRX, or roughly $571,000, whereas Pump.fun earned 2,575 SOL, or about $368,000.
This shift in income supremacy demonstrates SunPump’s growing impact within the Tron ecosystem, especially when the network experiences more activity and strategic initiatives.
The revenue of @sunpumpmeme on #TronNetwork surpassed @pumpdotfun yesterday!#SunPump revenue: 3,656,176 $TRX($571K).#PumpFun revenue: 2,575 $SOL($368K). pic.twitter.com/mpGqqIpXeB
— Lookonchain (@lookonchain) August 22, 2024
TRON Strategic Moves and Meme Strategy: Paving the Way for TRX’s Potential Surge
Previously, CNF reported that TRON’s meme strategy and increased network activity could propel TRX above the crucial threshold, $0.13 at that time. This milestone paves the way for more potential hikes, with forecasts indicating a probable surge to $0.30.
Justin Sun, the founder of Tron, has set an ambitious revenue target of $4 billion, which depends on crucial strategic improvements. These include cutting transaction costs and increasing liquidity, which were made possible in part by Tether’s recent $1 billion USDT minting.
Such actions are viewed as critical to maintaining TRON’s competitive advantage and supporting continued growth in the cryptocurrency sector.
Tron’s native stablecoin, USDD, has come under fire after a major outflow of $732 million in Bitcoin reserves. This has created doubts about its stability, despite Justin Sun’s promises. Nonetheless, the Tron ecosystem is strong, and TRX is performing well in the market.
SunPump’s performance, despite USDD’s issues, demonstrates the ecosystem’s robustness and potential to earn significant money.
TRX was trading at around $0.1614 at the time of writing, representing a 4.50% increase over the last 24 hours and a 19.90% gain over the previous week. This recent price action has increased its market value to over $13.99 million, firmly establishing it as the 11th largest crypto by market cap.
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