SunSwap, TRON’s decentralized trading protocol, is experiencing a resurgence in transaction activity.
The platform first captured significant attention earlier this year, peaking in August 2024 with over 500,000 daily transactions. During that period, Wrapped TRX (WTRX) accounted for more than 250,000 transactions on several days.
Recent activity suggests SunSwap is heating up once again. On November 13, 2024, the platform recorded 39,400 transactions, with Wrapped TRX comprising 26,100 of these—66% of the total. Although this is still below the platform’s August peak, it marks a substantial 300% increase compared to the beginning of the same week.
SunSwap: Ready for Round 2?
"SunSwap's transaction count is on the rise again. The TRON-based decentralized trading protocol captured significant attention earlier this year, peaking in August 2024 with over 500,000 daily transactions.
On some of those days, Wrapped TRX (WTRX)… pic.twitter.com/geIeuU4Q6v
— CryptoQuant.com (@cryptoquant_com) November 15, 2024
This renewed interest coincides with the rise of TRON’s SunPump platform, which has simplified the creation of meme coins. By removing technical barriers, SunPump has opened the doors for more creators to launch tokens, driving increased activity on SunSwap.
The growing number of token launches on the platform is evident from the dense green and yellow blocks displayed in transaction charts. Among the most active tokens is SunDoge, which shows particularly high engagement. Additionally, tokens like TRON Bull, SunCat, and SunWukong are steadily gaining traction, reflecting the expanding ecosystem of TRON-based meme coins.
TRON's SunPump simplifies meme coin creation by removing technical barriers for creators.
The platform's usage is on the rise, evident from the increasing number of token launches, depicted by dense green and yellow blocks.
SunDoge shows high activity, while TRON Bull, SunCat,… pic.twitter.com/zt5cDzHPSP
— Kyledoops (@kyledoops) November 15, 2024
As SunSwap’s transaction count continues to rise and meme coin creation becomes more accessible, the platform’s role in TRON’s ecosystem is increasingly significant. This uptick in activity underscores the growing appeal of decentralized trading protocols and highlights the potential for further growth in the TRON network.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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