The Tron network saw a significant increase in transactions and revenue in October, thanks to SunPump’s launch and the popularity of meme coins. On-chain data shows that transactions on Tron reached 238.6 million in October, an 8.15% rise from September. Additionally, Tron’s daily transactions have consistently remained above 6.5 million since October 24th, with a one-year high of 10.46 million that day.
As a result of these developments, the Tron network now accounts for 43% of transactions across major altcoin blockchains. Meme coins have been a significant driver of activity on the Tron network throughout 2024, contributing to the network’s revenue and overall growth.
