Tron: Record Revenue from Memecoins

The Tron network achieved a record revenue of $151.2 million in the third quarter of 2024, marking a 30% increase compared to the previous quarter. The main driver of this growth was the SunPump platform, responsible for nearly a third of all revenue.

From August 12 to September 30, over 89,000 memecoins were launched on SunPump, contributing to a 487% increase in intra-network transactions. Platform activity began to rise on August 16, and from August 16 to 31, more than 270 million Tron tokens were burned, generating $42 million, or 27% of the quarterly revenue.

However, in September, the number of new memecoins dropped to fewer than 1,000 per day. Daily transactions increased by 14.4%, reaching 7.2 million, while active addresses grew by 6% to 2.1 million.

Nevertheless, the total value locked (TVL) in Tron DeFi protocols decreased from $8.1 billion to $6.98 billion, which is 32.8% lower than the historical peak of $10.4 billion reached in March.

Trends in memecoins continue to have a significant impact on the Tron economy.