SunPump Fuels Tron’s Q3 Surge with Meme Coin Boom and Record Growth

Tron's meme coin platform, SunPump, experienced a major boost in the third quarter, as detailed in Messari's report.

The platform’s activity surged between August and September, driving a significant 487% jump in DeFi transactions on the Tron network and generating $151.2 million in revenue—a 30% rise from the prior quarter.

SunPump’s rapid growth began in mid-August, with over 270 million TRXs burned by the end of the month, adding $42 million to quarterly earnings.

Token launches hit a peak on August 20 but slowed notably in September. Popular meme coins from SunPump include SunDog (SUNDOG), along with other traded tokens like Tron Bull and Invest Zone.

Tron’s TRX continued its upward trend, marking a seventh consecutive quarter of growth, while the network’s daily transactions and active addresses also saw gains.

The total value locked in Tron’s DeFi was $8.1 billion at quarter-end, but has since dipped, and USDT on Tron reached nearly $59 billion, accounting for about half of Tether’s market share.