SunPump boosts TRON non-stablecoin activity but faces steep decline.
Solana’s Pump.fun reclaims lead as Sun.pump metrics fall sharply.
For much of 2024, nearly 98% of activity on the TRON network was attributed to stablecoins. However, since the release of Sun.pump on August 9, this has shifted dramatically. Sun.pump, a TRON-based platform allowing users to create community-centric memecoins, has triggered a surge in non-stablecoin activity. According to Crypto Quant, stablecoins account for only 75% of token transfers, down from 98% the previous month.
Sun.pump drives #TRON Network’s non-stablecoin activity to new highs
„Throughout 2024 around 98% of the activity on the TRON network could be attributed to Stablecoins.
This trend has had a major shift since the release of Sun.pump on August 9th. SunPump is a TRON-based… pic.twitter.com/bvSkzp7iZU
— CryptoQuant.com (@cryptoquant_com) September 6, 2024
Despite this initial success, Sun.pump is now facing a sharp
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