Tron platform recorded a record revenue of $151.2 million in the third quarter, enabled by the launch of the memecoin platform SunPump.

Tron's Record Revenue in Q3

The memecoin launchpad, SunPump, helped Tron earn a record $151.2 million in the third quarter. This is almost a 30% increase compared to the last quarter, according to Messari.

Increase in Activity and Token Burning

Between August 12 and September 30, over 89,000 new tokens were launched on SunPump, leading to a remarkable 487% increase in Tron's decentralized finance transactions. Activity surged starting August 16, with more than 270 million TRON (TRX) tokens burned during this period, generating approximately $42 million—about 27% of Tron’s total Q3 revenue.

Launch of New Tokens and Market Growth

The launch frenzy peaked on August 20, when over 7,500 tokens were launched in a single day. However, this momentum slowed in September, with daily token launches dropping to under 1,000. Among the new tokens, SunDog (SUNDOG) emerged as the largest memecoin, boasting a market cap of $217 million. Tron’s market cap also rose, increasing by 24% to $13.5 billion by the end of the quarter. Despite a slight decrease in total value locked (TVL) in DeFi protocols, which fell to $6.98 billion, Tron remains popular, with average daily transactions reaching 7.2 million.

Tron continues to deliver impressive results in revenue and activity, thanks to the successful launches on SunPump, highlighting its growing influence in the crypto market.