Ethereum

Solana

2024

TRON

Pace

<ul>
 <li><strong>SunPump boosts TRON non-stablecoin activity but faces steep decline.</strong></li>
 <li><strong>Solana’s Pump.fun reclaims lead as Sun.pump metrics fall sharply.</strong></li>
</ul>
<p>For much of 2024, nearly 98% of activity on the TRON network was attributed to stablecoins. However, since the release of Sun.pump on August 9, this has shifted dramatically. Sun.pump, a TRON-based platform allowing users to create community-centric memecoins, has triggered a surge in non-stablecoin activity. According to Crypto Quant, stablecoins account for only 75% of token transfers, down from 98% the previous month.</p>
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 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">Sun.pump drives <a href="https://twitter.com/hashtag/TRON?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TRON</a> Network’s non-stablecoin activity to new highs<br><br>"Throughout 2024 around 98% of the activity on the TRON network could be attributed to Stablecoins. <br><br>This trend has had a major shift since the release of Sun.pump on August 9th. SunPump is a TRON-based… <a href="https://t.co/bvSkzp7iZU" rel="noopener noreferrer nofollow">pic.twitter.com/bvSkzp7iZU</a></p>— CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1831969882902048909?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 6, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Despite this initial success, Sun.pump is now facing a sharp decline. Solana’s meme coin factory Pump.fun has regained a statistical lead over Sun.pump, just two weeks after the TRON launchpad briefly surpassed it.&nbsp;</p>
<p>On August 21, Sun.pump created 1,658 more tokens than <a href="https://pump.fun/board" target="_blank" rel="noopener noreferrer nofollow">Pump.fun</a> in a 24-hour period.However, Dune data shows a steep fall, with Sun.pump creating only 1,258 tokens on Wednesday, marking an 83% drop from its 7,531-token peak.</p>
<h3 class="wp-block-heading" id="h-solana-platform-takes-lead">Solana Platform Takes Lead</h3>
<p>This decline extends to the number of daily active swappers on Sun.pump, which plummeted from 29,099 on August 21 to 6,816 on Wednesday—a 76.5% decrease. While Pump.fun hasn’t seen a surge in token creation, Sun.pump’s rapid decline has allowed the Solana platform to retake its lead. During Sun.pump’s peak, Pump.fun launched 6,941 tokens.&nbsp;</p>
<p>With Sun.pump’s activity hitting lows unseen since its first week, TRON founder <a href="https://x.com/justinsuntron" target="_blank" rel="noopener noreferrer nofollow">Justin Sun</a> hinted at a new phase for the network, announcing that “celebrity season” is coming. Earlier this year, <a href="https://thenewscrypto.com/solana-faced-20-drawdown-after-failing-to-break-160-whats-next-for-sol/" rel="noopener noreferrer nofollow">Solana</a>‘s Pump.fun hosted several celebrity meme coin launches, including tokens for Caitlyn Jenner and rapper Lil Pump.</p>
<p>Meanwhile, TRON’s native token, <a href="https://thenewscrypto.com/tron-trx-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">TRX</a>, had a bearish week, falling 7%, though its trading volume rose by 7%.</p>
<p><strong>Highlighted News Of The Day</strong></p>
<p><a href="https://thenewscrypto.com/ethereum-cofounder-vitalik-buterin-redirects-focus-away-from-l2-tokens/" rel="noopener noreferrer nofollow">Ethereum Cofounder Vitalik Buterin Redirects Focus Away from L2 Tokens&nbsp;</a></p>

SunPump Powers TRON Activity But Fights to Keep Pace

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TheNewsCrypto

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