Tron ecosystem has slashed trading fees on SunPump by 50% as Justin Sun encourages users to take advantage of the platform’s low transaction costs. The crypto manager hinted at further developments aimed at increasing daily transactions and increasing market share. SunPump has quickly gained attention by offering a token generation platform that has begun to eclipse Solana’s Pump Fun.
What’s Happening in the Tron Ecosystem?
Justin Sunshared the news in an announcement on August 27, following its commitment last week to lower fees without impacting profitability. As of August 22, the transaction fee for SunPump on the TRON network was 0.76 TRX per transaction, with an average cost per transaction of $0.118. The 50% reduction in transaction fees now makes SunPump’s transaction fees quite competitive. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
The news comes on the heels of the Tron ecosystem increasing its energy cap to 120 billion, a strategic move approved by the community to attract more TRX token investors. These developments align with Justin Sun’s ambitious plan to reach over 20 million daily transactions in the next three months.
Justin Sun is capitalizing on the recent trend of Tron memecoins, promoting SunPump as the king of memecoins. According to CoinGecko data, the market cap of Tron memecoins is over $362 million. Sundog (SUNDOG), Dragon Sun (DRGN), and SunWukong (SUNWUKONG) are the top three Tron memecoins by market cap.
This growth is Tron’s SunPump The Tron executive expressed confidence in the sustainability of the current hype, attributing it to TRON’s competitive advantages, including a deep liquidity pool of over $60 billion and a rapidly expanding user base.
Details on the Subject
SunPump Even as it rises in the rankings, investors remain cautious, especially due to Sun’s involvement. After just a few interactions with the projects, its questionable reputation has some users biting their fingers repeatedly. Experts also question Solana’s ability to dethrone Pump Fun. Pump Fun has seen many more projects launch on its platform due to its popularity in the market. Analysts shared the following statements on the subject:
“Despite being touted as a competitor to Pump Fun, SunPump still lags far behind Pump Fun’s activity. Since launching on August 9, SunPump has facilitated the launch of over 46,000 tokens, 77% less than the 193,000 launches Pump Fun has achieved in the same time frame.”
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
