- Tron surpasses Solana as the second-largest blockchain by total value locked, following only Ethereum.
- Tron generated $443 million in fees over 90 days, second only to Tether among crypto protocols.
- SUNDOG, a leading Tron meme coin, hit a $250 million market cap, gaining significant investor interest.
Tron is experiencing a notable increase in activity. Tron, which was founded by Justin Sun, has become a major player in the blockchain space.
Recently, it surpassed Solana to become the second-largest blockchain in terms of total value locked, following only Ethereum.
Recent Metrics and Growth
The recent surge in Tron’s metrics suggests the onset of a new phase of growth. Over the past 90 days, Tron generated $443 million in fees, trailing only Tether among crypto protocols.
Additionally, its on-chain volume has seen a sevenfold increase since the beginning of the year. This surge is largely driven by the launch of Sun Pump, a meme coin similar to Solana’s Pump Fun, which has significantly boosted Tron’s revenue.
Meme Coins and Market Interest
Tron’s 24-hour revenue recently reached an all-time high of $3.84 million, indicating growing interest in the platform. The current conditions resemble those that fueled the rise of Solana memes earlier this year. Many market participants, seeking new opportunities beyond the oversaturated Solana meme market, have turned to Tron.
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Emerging Leaders in Meme Coins
The emergence of meme coins on Tron, such as SUNDOG, has captivated investors. With a market cap that quickly reached $250 million, SUNDOG is now considered a leading meme coin on the Tron network. Justin Sun’s public support for SUNDOG on social media has further bolstered its standing.
TRX Token’s Upward Trend
TRX, Tron’s native coin, is also experiencing enormous upward momentum. It recently reached yearly highs, and if it continues to break past resistance levels, more rise is expected. The Tron ecosystem provides a variety of options for investors, with the possibility of huge rewards as more users utilize the network.
The Tron network is now experiencing rapid growth, fueled by rising transaction volumes and the adoption of meme coins. As it gains popularity, opportunities within the Tron ecosystem are expected to grow, potentially rewarding early adopters and investors.
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