The meme coin season is in full swing, and SunPump is at the center of the excitement. As the Pump.fun equivalent within the TRON ecosystem, SunPump has ignited a surge of activity across the blockchain. This increase is reflected in everything from the rising demand for RPC nodes, to the influx of new users and developers, all contributing to TRON's growth and evolution. Let’s explore this phenomenon.
SunPump and The Rise of Meme Coins on TRON: Highlights
SunPump is the first memecoin-focused launchpad on the TRON network, a platform for creating and trading meme tokens with ease.
- It automates many technical aspects: creating meme coins, listing on the platform, and Tron’s major DEX;
- The launch in August this year generated significant buzz, attracting early adopters, new TRON users, and high levels of network engagement, boosting activity on TRX nodes;
- To sustain and capitalize on the momentum it has created, TRON brought upgrades and changes to the blockchain to make it more accessible and attractive for developers and users.
SunPump’s success story undeniably comes with the opportunities for all Tron blockchain participants that we’re exploring in this post.
What is Tron’s SunPump?
SunPump.meme is a meme token launchpad platform of the Tron blockchain, inspired by and very similar to Solana’s Pump.fun where people can launch their own memecoins.
Source: SunPump
The platform simplifies the technical process of launching a token and gives everyone equal access and opportunities to launch and participate in the niche market.
On August 13, 2024, a prominent DeFi platform on Tron, SUN.io, announced the official launch of the platform. Only a week after, SunPump surpassed Pump.fun in daily revenue, demonstrating Tron's growing influence in this space.
Since the platform is built on TRON, it benefits from the high transaction speeds and low fees that the blockchain is known for.
How SunPump Works
The platform makes it accessible to a wider audience to launch their own memecoins:
The creator simply needs to fill out a form with the basic information about the token. This is made via a user-friendly interface, so users don’t need to write any code;
Creators pay a small fee of 20 TRX, TRON’s native cryptocurrency, to cover the cost of deploying the smart contract;
The platform automatically deploys the memecoin to the Tron blockchain, making it publicly available and tradeable directly on SunPump while making sure the contract has the right terms and conditions.
Source: SunPump
SunPump ensures a transparent and market-driven trading environment:
- There are no early investors or special privileges in token distribution. Everyone has an equal opportunity to launch and trade.
- Similar to Pump.fun, SunPump uses the bonding curve model for sales. As more people buy tokens, the price increases along a pre-defined curve, and as they sell, the price decreases. This model ensures the price reflects real-time interest.
- Once the market cap hits $69,420, a portion of the funds (~$12,000) is automatically deposited into SunSwap DEX. This allows users to trade tokens against pairs (e.g., token/USDT).
- Burning LP tokens creates a more stable and liquid market for the tokens.
All features combined make it a compelling choice for memecoin creators and traders on the TRON blockchain.
Top SunPump Projects
SunPump has become a hotspot for new memecoin projects, and some are rising fast. Here’s a quick dive into the most talked-about and traded tokens born on the platform.
Source: DexScreener
Sundog (SUNDOG)
Sundog is the first major SunPump token that kick-started the meme season on Tron. It quickly achieved over $300m market cap and is having a consistent upward-moving momentum since.
Source: CoinMarketCap
It’s currently the leading meme token in the ecosystem, often hailed by the community as the first mover dog coin on TRON or even the next big dog meme coin.
Tron Bull (BULL)
The next market cap leader among SunPump projects, Tron Bull is a nod to the official mascot of the TRON DAO.
Source: SunPump
The coin quickly gained attention with its rapid growth, reaching a $300 million market cap in just one day. This explosive rise made BULL a trending topic within the community almost overnight.
Within a month, the token secured listings on over 10 major centralized exchanges, including HTX.
SunWukong (SUNWUKONG)
Sun Wukong is inspired by the legendary Monkey King, one of the most iconic figures in Chinese mythology, drawing fans of mythology and popular culture, especially those familiar with Black Myth: WuKong game.
Source: SunPump
A major turning point for SunWukong happened when Justin Sun, the founder of TRON, changed his profile picture on X to feature Wukong. This move generated substantial buzz, driving a surge of interest that boosted the token's value.
SunPump vs Pump.fun: Comparing the Leading Memecoin Platforms
Pump.fun and SunPump operate in the same niche offering similar services.
Solana’s Pump.fun was a leader in the meme token factory space, with over 20k tokens launched daily at its peak. With a new competitor entering the space, daily launches went to much lower figures.
Source: Dune
In an attempt to remain competitive, Pump.fun reduced its fees for token creators to retain users. This also signals that Pump.fun is feeling the pressure to remain relevant in the face of SunPump's growth.
| SunPump | Pump.fun | |
|---|---|---|
| Launch Date | Aug 13, 2024 | Jan 14, 2024 |
| Blockchain | TRON | Solana |
| Total Tokens Issued | 86,411 | 2,075,291 |
| New Tokens Created (24h) | 376 | 9,237 |
| Total Revenue | $5,260,537 | $109,064,716 |
| Market Cap Requirement for DEX Listing | $69,420 | $69,000 |
| Successful DEX Listing Rate | 1.9% | 1.3% |
| Token Creation Fee | 20 TRX ($3) | No fees |
| DEX Listing Reward | 888 TRX ($134) | 0.5 SOL ($75) |
| Trading Fees | 1% | 0.5% + the first buyer pays 0.02 SOL ($3) |
SunPump and Pump.fun comparison as of September 24, 2024; Data: DappRadar, Dune (1), (2), (3).
Although the given stats show SunPump in its drop from initial popularity, given its more recent launch, it is yet in the phase of carving out a space for itself.
More importantly, the rise of the platform draws in a wave of new TRON users and helps the blockchain benefit from increased visibility.
How SunPump Growth Benefits the TRON Blockchain
The recent SunPump hype has had a major positive impact on the Tron blockchain. Here are some key changes – a direct response to the wave of activity and interest generated by the new platform:
- Growth in user base: TRON’s total accounts have surpassed 260 million while its daily active wallet addresses skyrocketed to 2.3 million surpassing major blockchains and reaching Solana’s metrics.
Source: Token Terminal
- Fee reductions: To support the rising number of memecoins, TRON cut network fees by half, which also benefits developers and everyday users.
TRON Super Representatives approved a 50% fee reduction, effective in two hours. Combined with other measures this week, meme transaction fees on TRON are now among the industry's lowest, expected to boost network and meme trading activity. https://t.co/uAUmJB4wgi
September 19, 2024
- Increased capacity: TRON raised its energy cap to 120 billion (with plans for 150 billion), to handle this increased demand and support its expanding ecosystem.
The 500% spike in TRON node usage, as registered by GetBlock, proves that the SunPump phenomenon has significantly boosted developer activity.
With that, TRON is becoming a key platform for developers to launch new projects and attract proper attention.
Conclusion: What’s the Hype and How to Turn It into Opportunity
The hype surrounding SunPump has led to increased user activity, technological upgrades, and a growing ecosystem in general. This positions TRON as a blockchain with strong potential for further growth and adoption.
Developers jump into the trend by launching their projects on TRON and gaining visibility from the increased attention on the ecosystem.
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