{"id":173376,"date":"2024-10-18T12:25:37","date_gmt":"2024-10-18T12:25:37","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=173376"},"modified":"2024-10-18T12:25:43","modified_gmt":"2024-10-18T12:25:43","slug":"tron-hits-all-time-high-revenue-in-q3-sunpump-launch-6-54b-staked-and-more","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/tron-hits-all-time-high-revenue-in-q3-sunpump-launch-6-54b-staked-and-more\/","title":{"rendered":"TRON Hits All-Time High Revenue in Q3 \u2013 SunPump Launch, $6.54B Staked, and More"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Record Revenue<\/span><\/strong><span data-preserver-spaces=\"true\">: TRON achieved an all-time high revenue of $151.2 million in Q3 2024, driven by the success of its SunPump memecoin launchpad and a 487% increase in DeFi transactions.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Token Burns and Launches<\/span><\/strong><span data-preserver-spaces=\"true\">: Over 270 million TRX tokens were burned, generating $42 million, with a peak activity period in late August, including a record single-day burn.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Market Impact<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: TRX\u2019s market cap rose by 24% to $13.5 billion, with notable memecoin successes like SunDog (SUNDOG) and a total value locked in DeFi protocols reaching $8.1 billion before settling at $6.98 billion.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-tron\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">TRON<\/span><\/a><span data-preserver-spaces=\"true\"> has achieved a record-breaking revenue milestone in the third quarter of 2024<\/span><\/strong><span data-preserver-spaces=\"true\">, thanks to the explosive success of its memecoin launchpad, SunPump. <\/span><strong><span data-preserver-spaces=\"true\">According to a <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/messari.io\/report\/state-of-tron-q3-2024\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">report<\/span><\/a><span data-preserver-spaces=\"true\"> by Messari, TRON\u2019s revenue soared to an unprecedented $151.2 million<\/span><\/strong><span data-preserver-spaces=\"true\">, marking a significant 30% increase from the previous quarter. <\/span><!--more--><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This surge was primarily driven by a remarkable 487% increase in decentralized finance (<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/defi-decentralized-finances\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">DeFi<\/span><\/a><span data-preserver-spaces=\"true\">) transactions, fueled by the launch of over 89,000 memecoins between August 12 and September 30.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Record-Breaking Token Burns and Launches<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The SunPump activity began to pick up momentum on August 16<\/span><\/strong><span data-preserver-spaces=\"true\">, reaching a peak in the following two weeks. During this period, <\/span><strong><span data-preserver-spaces=\"true\">more than 270 million TRON (TRX) tokens were burned<\/span><\/strong><span data-preserver-spaces=\"true\">, generating approximately <\/span><strong><span data-preserver-spaces=\"true\">$42 million<\/span><\/strong><span data-preserver-spaces=\"true\">, which accounted for nearly 27% of TRON\u2019s total quarterly revenue. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">On August 20 alone, a record-breaking 7,500 tokens were launched, and the following day witnessed the largest single-day burn of TRX in TRON\u2019s history.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Notable Memecoin Successes<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-173377\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/SunDogMemecoin.jpg\" alt=\"TRON Hits All-Time High Revenue in Q3 \u2013 SunPump Launch, $6.54B Staked, and More\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/SunDogMemecoin.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/SunDogMemecoin-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/SunDogMemecoin-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Among the numerous memecoins launched, <\/span><strong><span data-preserver-spaces=\"true\">SunDog<\/span><\/strong><span data-preserver-spaces=\"true\"> (SUNDOG) <\/span><strong><span data-preserver-spaces=\"true\">stood out with a market capitalization of $217 million<\/span><\/strong><span data-preserver-spaces=\"true\">. Other popular tokens, such as Tron Bull (TBULL) and Invest Zone (IVFUN), also saw significant trading volumes. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Despite the initial frenzy, <\/span><strong><span data-preserver-spaces=\"true\">the number of new tokens launched on SunPump slowed significantly in September<\/span><\/strong><span data-preserver-spaces=\"true\">, dropping to fewer than 1,000 per day. TRON&#8217;s native cryptocurrency, <\/span><strong><span data-preserver-spaces=\"true\">TRX, maintained its deflationary momentum<\/span><\/strong><span data-preserver-spaces=\"true\"> in the third quarter, resulting in a total burn of 587.6 million tokens.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The circulating market cap of TRX increased for the seventh consecutive quarter, rising by 24% to reach $13.5 billion, briefly peaking at $14.5 billion during the height of SunPump\u2019s activity.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Tron&#8217;s Total Value Locked and Future Outlook<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">TRON\u2019s total value locked<\/span><\/strong><span data-preserver-spaces=\"true\"> (TVL) in DeFi protocols <\/span><strong><span data-preserver-spaces=\"true\">reached $8.1 billion by the end of Q3 <\/span><\/strong><span data-preserver-spaces=\"true\">but has since fallen to $6.98 billion. Tether&#8217;s (USDT) market capitalization on the TRON network increased by 3%, approaching a total of nearly $59 billion. As TRON continues to innovate and expand its ecosystem, the future looks promising for both the blockchain and its native token, TRX.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Record Revenue: TRON achieved an all-time high revenue of $151.2 million in Q3 2024, driven by the success of its SunPump memecoin launchpad and a 487% increase in DeFi transactions. Token Burns and Launches: Over 270 million TRX tokens were burned, generating $42 million, with a peak activity period in late August, including a &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"TRON Hits All-Time High Revenue in Q3 \u2013 SunPump Launch, $6.54B Staked, and More\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/tron-hits-all-time-high-revenue-in-q3-sunpump-launch-6-54b-staked-and-more\/#more-173376\" aria-label=\"More on TRON Hits All-Time High Revenue in Q3 \u2013 SunPump Launch, $6.54B Staked, and More\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":173378,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94,70,74],"tags":[5536,9756,4855,5011],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173376"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=173376"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173376\/revisions"}],"predecessor-version":[{"id":173379,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173376\/revisions\/173379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/173378"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=173376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=173376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=173376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}