TronDAO Transactions Surge 124% as SunPump Launch Fuels Excitement
CryptoNewsTerminal Staff19 Aug, 2024
TronDAO Transactions Surge 124% as SunPump Launch Fuels Excitement
Over the past few days, transactions of $100-$10k in the TRON DAO ecosystem have jumped by an impressive 124%, according to an analysis by IntoTheBlock. This surge in activity is largely attributed to the launch of SUN PUMP, a platform for issuing meme coins on TRON. TRON founder Justin Sun recently announced that 100% of the protocol revenue from SunPump will be used for SUN buyback and burn. This news has sparked excitement among TRON enthusiasts, as it suggests that the value of SUN, the native token of the TRON network, is likely to increase in the future. The launch of SUN PUMP has also attracted the attention of new users to the TRON ecosystem, contributing to the increase in transactions. As more projects and initiatives are launched on TRON, we can expect to see continued growth in the number of transactions and the overall activity within the ecosystem.
