SunPump Fuels Tron’s Revenue Growth and Dominance in Q3 2024

In October, Tron saw a marked rise in activity, with transaction numbers hitting 238.6 million, reflecting an increase of 8.15% from September’s figures. This growth was accompanied by higher revenue, fueled in part by the launch of SunPump and other elements that drove network engagement.

Uninterrupted Transaction Growth on the Tron Network

The upward trend in transactions on Tron continues, with October marking the eighth month in a row of growth. On October 24th, the network achieved a new milestone, processing 10.46 million transactions in a single day, the highest daily figure in the past year. From that point onward, transaction levels stayed robust, consistently remaining above 6.5 million daily. Tron is gaining momentum, as the network’s share of total transactions among altcoins steadily increases.

By October 30th, Tron processed 43% of all transactions across top altcoin blockchains, cementing its position as a leading network for transaction volume. Although the network faced stiff competition between August and early October, resulting in a temporary dip in its dominance, the share of transactions has bounced back. Given its current trajectory, Tron is poised to maintain its prominence in the altcoin sector moving forward.

SunPump Drives Significant Revenue Growth for Tron

Tron experienced a substantial revenue boost in Q3, primarily driven by the SunPump platform, which launched in mid-August to support tokenized projects. After its debut, SunPump quickly gained traction, with over 270.3 million TRX burned by the end of the month. This accounted for nearly 27% of the network’s total revenue for the quarter, highlighting the impact of the new platform on Tron’s financial performance.