Tron posted record third-quarter revenue of $151.2 million

Tron’s new memecoin launchpad, SunPump, helped the blockchain achieve record revenue of $151.2 million in the third quarter. This is an increase of almost 30% compared to last quarter, as reported by Messari.

Between August 12 and September 30, over 89,000 new tokens were launched on SunPump, resulting in a remarkable 487% increase in Tron decentralized finance transactions.

The excitement began on August 16th and activity increased rapidly in the following weeks. Notably, more than 270 million TRON (TRX) tokens were burned during this time, generating around $42 million – about 27% of Tron’s total revenue in the third quarter.

The launch frenzy peaked on August 20, when more than 7,500 tokens hit the market in a single day. However, this momentum faded in September, with daily token launches dropping below 1,000.

Among the new tokens, SunDog (SUNDOG) emerged as the largest memecoin with a market capitalization of $217 million. Tron’s market cap also rose, rising 24% to $13.5 billion by the end of the quarter.

Despite a slight decline in the total value locked (TVL) in DeFi protocols, which fell to $6.98 billion, the blockchain continues to attract attention. Tron’s average daily transactions reached 7.2 million, illustrating the platform’s growing popularity in the crypto space.

Also Read: TRON Founder Elected Prime Minister of Liberland

---

---