The average daily decentralized exchange (DEX) volume on Tron boostd by 150%, reaching its highest level since 2022, due to the launch of SunPump.
The heightened activity surrounding meme coins also led to a 6% boost in revenue in TRX to 1.05 billion.
Meme coins surge and play a significant role in Tron’s record revenue of $151.2 million in Q3 2024, marking a 29% boost from the previous quarter. The growth is attributed to the launch of SunPump, a platform designed for launching meme coins, which experienced a significant surge in activity beginning on August 16.
Over 270.3 million TRX (approximately $42 million) was burned between August 16 and August 31, representing nearly 27% of Tron’s revenue for the quarter.
