Justin Sun ‘s Tron blockchain’s daily revenue reached a new all-time high of $3.84 million, driven by the memecoin generator SunPump.

This achievement puts Tron ahead of established networks like Ethereum and Solana , which reported daily revenue of $1.36 million and $541,000, respectively.

SunPump is driving Tron’s revenue

Market experts have linked Tron's increased fees to the recent introduction of the SunPump memecoin deployer on the network.

The memecoin platform, comparable to Solana’s PumpFun , allows users to create and launch their memecoins on the Tron network. Since its launch, SunPump has generated over 8.4 million TRX in revenue, valued at approximately $1.39 million, according to data from Dune Analytics.

Notably, the platform reached its peak revenue on August 20, generating 2.78 million TRX, equivalent to roughly $400,000. This surge coincided with the launch of over 6,000 memecoins, contributing to a total of approximately 20,883 memecoins launched to date.

SunPump’s success can be attributed to Sun’s aggressive promotional efforts and endeavors to establish Tron as a leader in the memecoin space.

The cryptocurrency entrepreneur stressed that Tron’s robust stablecoin liquidity , primarily fueled by Tether’s USDT , is a key advantage over other networks. He stated :

“On other blockchains, a few hundred million in stablecoins can launch billion-dollar meme coins. Tron has $60 billion+, so we could witness dozens of billion-dollar meme coins. It seems wild, but the numbers don’t lie. Don’t ignore the evidence.”

According to DeFillama, Tron boasts the second-largest stablecoin supply, reaching nearly $60 billion, which represents a significant 35% of the total market.

Early investors gain

Simultaneously, blockchain data reveals that early investors in certain memecoins on the Tron network are reaping substantial profits fueled by the current hype within the sector.

Blockchain analytical firm Arkham Intelligence reported that one trader gained $20 million in unrealized profits within six days of purchasing 104.33 million SUNDOG tokens for $1,690. The trader has sold $1.08 million worth of SUNDOG but still holds tokens valued at $19.52 million across seven addresses.

Furthermore, CryptoSlate’s list of top gainers for August 21 indicates that SUNDOG and its variations are among the digital assets with the highest performance in the past 24 hours.