Tron (TRX) founder Justin Sun, one of the leading names in the cryptocurrency market with his moves, recently introduced SunPump, a new platform that allows users to produce their own memecoins on the Tron blockchain.
The highly popular memecoin platform SunPump has caused a massive increase in transactions in the Tron DAO ecosystem.
At this point, IntoTheBlock reported that according to data, the Tron ecosystem has seen a 124% increase in transactions between $100 and $10,000.
IntoTheBlock noted that this increase was likely due to the growing excitement surrounding Sun Pump, a Tron-based platform for launching and trading memecoins.
“The Tron DAO ecosystem experienced a 124% increase in the number of transactions between $100 and $10,000, likely due to the increased interest around memecoin platform SunPump.”
Additionally, according to the data, since the SunPump platform was opened, 9,302 memecoins have been produced on the TRON network, while 3.14 million TRX revenue has been generated.
Earlier, Tron founder Justin Sun announced that Sun Pump will use all of its protocol revenue for the buyback and burning of the SUN token.
TRX continues to trade at $0.138, up 9.1% in the last 7 days and 3.4% in the last 24 hours.
*This is not investment advice.