2024

DeFi

TRON

Coin

<ul class="wp-block-list news-points">
 <li>SunPump fueled TRON’s strong revenue growth and significant rise in DEX trading activity.&nbsp;&nbsp;</li>
 <li>TRX’s deflationary model increased its market cap and improved its position among top cryptos.&nbsp;&nbsp;</li>
 <li>SUN V2 saw massive growth due to memecoin liquidity, becoming a key part of TRON’s DEX ecosystem.&nbsp;</li>
</ul>
TRON’s decentralized finance (DeFi) network is booming, thanks to the launch of SunPump, a new memecoin platform. This has driven significant growth in decentralized exchange (DEX) volumes and overall network activity.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 State of <a href="https://twitter.com/trondao?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@trondao</a> Q3 Key Update: TRON's new memecoin platform SunPump ignites explosive growth in DeFi activity and ecosystem expansion. QoQ Metrics <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> – Revenue <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b06.png" alt="⬆" class="wp-smiley" style="height: 1em; max-height: 1em;"> 29% to ATH – DEX volumes <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b06.png" alt="⬆" class="wp-smiley" style="height: 1em; max-height: 1em;"> 150% – DeFi TVL <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b06.png" alt="⬆" class="wp-smiley" style="height: 1em; max-height: 1em;"> 4% to $8.09B Read the full report <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/EbfoGOrNH9" target="_blank" rel="noopener noreferrer nofollow">https://t.co/EbfoGOrNH9</a> <a href="https://t.co/PGRu9UnHue" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PGRu9UnHue</a>— Messari (@MessariCrypto) <a href="https://twitter.com/MessariCrypto/status/1847042613188481107?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 17, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
TRON <a href="https://messari.io/report/state-of-tron-q3-2024?utm_source=twitter&amp;utm_medium=organic_social&amp;utm_campaign=q3_quarterly&amp;utm_content=state_of_tron_q3_2024&amp;destination=protocol_services_research" target="_blank" rel="noopener noreferrer nofollow">recorded</a> its highest-ever quarterly revenue in Q3 2024. Revenue jumped 29%, from $117.5 million to $151.2 million. In TRX terms, the network’s token revenue increased by 6%, reaching 1.05 billion TRX.
SunPump’s impact is clear. Between August 16 and August 31, the platform’s activity burned 270.3 million TRX, representing 27% of …
The post <a href="https://coinedition.com/tron-defi-explodes-with-sunpump-launch-dex-volumes-surge-150/" rel="noopener noreferrer nofollow">TRON DeFi Explodes with SunPump Launch, DEX Volumes Surge 150%</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

TRON DeFi Explodes with SunPump Launch, DEX Volumes Surge 150%

Coin Edition

Other articles published on Oct 18, 2024

Bitcoin Price Decline Reflects Market Dynamics and Leverage Concerns

EigenLayer's X Account Hacked, $800K Lost

Dogecoin Whales Buy 899% More DOGE Amid Meme Coin Price Increase

Binance Lists a New Altcoin: Token Soars!

Radiant Capital Collaborates with FBI to Track $50 Million Stolen in Cyber Attack

How Onchain Consumer Apps are Disrupting Web2: A Deep Dive into Meme Culture and the Future of Us...

Join our free newsletter for daily crypto updates!