The popularity of cryptocurrencies positively affects the revenues of companies offering related services. However, market volatility can lead to bankruptcies. This article explores the impact of SunPump's launch on Tron.

SunPump's Impact on Tron

A recent report noted that Tron's revenue growth was supported by SunPump, which launched 89,000 new tokens between August 12 and September 30, 2024. During this period, the volume of financial transactions on Tron DeFi increased by 485%. Over 270.3 million TRX was burned, accounting for nearly 27% of Tron's revenue in the third quarter.

Price Dynamics of Tron (TRX)

Despite the revenue increase, no major changes in the price of Tron (TRX) have been observed recently, with the current price at $0.1590. However, TRX's price surged by 47% year-to-date and by 19% in the last quarter. The current price remains above several exponential moving averages.

New Partnerships and Global Expansion of Tron

The Tron Foundation continues to expand its global presence, having formed several partnerships since the beginning of 2024. The number of accounts on the Tron blockchain continues to grow, reaching 266,863,977 by October 17, 2024. Recently, Tron and Aeon joined forces to improve payment infrastructure, which underscores the importance of digital assets in today's world.

Tron is demonstrating significant growth in financial metrics thanks to successful initiatives like SunPump. At the same time, the company is actively developing its infrastructure and partnerships, strengthening its position in the global market.