TRON Network skyrockets 124% in the total number of transactions
TRON's network, under the guidance of Justin Sun, recently introduced the SunPump platform. This innovative platform marks the first dedicated venue for the launch and trading of meme coins. By embracing the meme coin trend, TRON's blockchain has significantly increased its on-chain activities.
The introduction of SunPump has already begun to show its effects on TRON's network. Data from IntoTheBlock reveals that the network has seen a dramatic 124% increase in the volume of transactions ranging from $100 to $10,000. IntoTheBlock attributes this surge largely to the growing fascination and buzz surrounding the SunPump platform.
Since its debut last week, SunPump has quickly become a hot topic in the market. Official statements explain that the platform is designed to make it easier and more cost-effective for developers to launch their meme coins, while also providing a secure and efficient environment.
The platform, built on the TRON network, aims to ramp up user engagement and offer a more self-governing experience in meme coin trading. SunPump operates on a mechanism that streamlines the process of token issuance and enhances the trading experience, granting users the freedom to choose and trade their favorite meme coins at will.
The native currency of TRON, TRX, has seen a positive uptick in value. Currently, it's trading at $0.1388, marking a 3.6% increase in the last day. Over the last week, the price has escalated by 9.31%, with its 24-hour trading volume also jumping 71.56% to reach $391 million.
With the introduction of SunPump, the TRON ecosystem has experienced a bullish phase, witnessing not only a surge in the price of TRX but also a substantial increase in on-chain activities. Stepping into the meme coin arena represents a significant move for TRON's continued growth and development.
