TRON Outperforms All Blockchains with $5.33 Million Gain, Thanks to SunPump Rollout

Key Takeaways:

• ​TRON reached an all-time high revenue of $5.33 million yesterday, ranking first among all blockchains.​
• Justin Sun's plans to lower transaction fees and increase energy capacity aim to drive user engagement and significantly elevate daily transactions.
• SunPump's launch led to 20,000+ Tron meme coins and $1.14 million in revenue in 11 days.

TRON, the blockchain network that powers the TRX token, has experienced a significant increase in revenue, making it the top blockchain in terms of revenue generation.

This surge is primarily attributed to the recent launch of SunPump, a unique meme coin deployer that has not only increased transactions but also gained attention within the cryptocurrency community.

Justin Sun, the founder of TRON, recently announced on Twitter that the network achieved an all-time high revenue of $5.33 million, solidifying its position as the leading blockchain for revenue generation.

Yesterday, TRON's revenue reached an all-time high of $5.33 million, ranking first among all blockchains. It's still early. Let's keep the momentum going. 💪

— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 22, 2024

According to Messari, TRON’s Q2 2024 revenue hit an impressive $117.5 million, with an annualized projection of $470 million.

Despite this robust performance, Justin Sun is setting optimistic targets, suggesting that TRON's total revenue could reach $3 billion over the next 12 months.

Justin Sun Shares Strategic Vision For the Tron Ecosystem

Justin Sun, the founder of TRON, announced via Twitter that the combination of reduced transaction fees and an increased energy cap will positively influence TRON’s profitability. Sun stated that TRON's daily transactions could exceed 20 million in the next three months.

By expanding its market share, TRON aims to boost its profits significantly. He further highlighted that more energy capacity will encourage users to stake TRX for free transactions.

Conservatively, in the next 12 months, TRON’s total revenue could hit $3 billion, with $1 billion burned and $2 billion given as rewards to stakers and for transaction subsidies. If the meme strategy succeeds, it could reach $4 billion. https://t.co/huuInHuMaN

— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 21, 2024

He said, “Lowering fees and raising the energy cap won’t hurt TRON’s profitability. The fee cut should drive transactions to 20M+ daily in three months, expanding market share and boosting profits.”

This projection includes burning $1 billion and allocating $2 billion as rewards for Tron stakers and transaction subsidies. Interestingly, if the recently adopted meme strategy proves successful, TRON could increase its revenue to $4 billion.

Messari emphasized that for TRON to achieve a revenue goal of $1 billion, it requires only a moderate increase—just over twice its current figures. These calculations indicate a strong potential for growth, particularly in burn revenue, which Sun believes is entirely attainable.

On a single day, the platform burned approximately $3.88 million, suggesting that a daily burn revenue of $2.7 million over the next year is within reach.

Similarly, over the past 120 days, Dune Crypto's Data Platform has recorded that the TRON network has seen more transactions and activity than Ethereum. TRON's average daily transactions were 6,683,226, whereas Ethereum's average was 1,146,041.

SunPump Launches 20,000 Memecoins, Earning $1 Million in Days

Central to TRON's recent success has been the SunPump platform, which officially launched just 11 days ago. SunPump is a memecoin deployer on the TRON blockchain, facilitating the launch of over 20,000 memecoins within its short operational timeframe.

This surge in memecoin creation illustrates the platform's appealing functionality and highlights its critical role in shaping the current memecoin market dynamics, similar to Solana-based Pump.fun.

Related: $100 Million Flows Into Solana Memecoins – SOL Surges While Crypto Slumps

The financial figures resulting from SunPump's activity are equally compelling. To date, the revenue generated on the platform has soared to 7,913,912 TRX, which equates to roughly $1.14 million.

Looking forward, the anticipated cut in transaction fees and enhancements in the staking process will likely create a more inviting environment for existing users and newcomers to the TRON platform.