SunPump: The First Memecoin Launch Platform on the Tron Network

SunPump is the first memecoin launch platform on the Tron network, operating in a manner very similar to Pump.fun on the Solana chain. Since its launch on August 13, SunPump's market capitalization has quickly surpassed $1.1 billion, with daily active users reaching 20,000. Below, we will take a closer look at the developments of SunPump and Pump.fun, and compare the two.

Sun Pump Stands Out and Rapidly Expands Market Share

As the first meme coin issuance and trading platform based on the Tron network, SunPump provides creators with a convenient and low-cost way to issue their own meme coins in a secure and user-friendly environment.

According to Dune data, as of August 23, SunPump has issued nearly 32,000 token projects in just 11 days, with protocol revenue exceeding 12,811,356 TRX (currently valued at approximately $1.91 million). On August 22, SunPump's daily revenue reached $567,000, surpassing Pump.fun's $368,000.

Additionally, within just one week of its launch, several meme projects on SunPump have seen their market capitalization exceed $1 million. Among them, Sundog's market cap peaked at nearly $300 million, with a 24-hour trading volume exceeding $5 million. Meanwhile, Justin Sun changed his Twitter avatar to the character Wukong from "Black Myth," which propelled the market cap of his memecoin SUNWUKONG to rise eightfold in a short time to $5 million, further boosting the price of TRX.

How Does Sun Pump Work?

1. First, explore meme coins on the SunPump platform and select those that pique their interest.

2. Use the Bonding Curve mechanism to purchase tokens, which provides a user-friendly purchasing process, making it easy for users to enter the meme coin market.

3. Users can sell tokens at any time, whether to lock in profits or stop losses; SunPump offers flexible trading options.

4. As community engagement and purchase volume increase, the market value of meme coins is expected to rise rapidly. Once the market cap of a token exceeds $69,420, liquidity will be added to the decentralized exchange Sunswap on Tron.

5. Create liquidity and a burn mechanism; once the Bonding Curve is completed, approximately $12,000 worth of TRX liquidity support will be automatically deposited into SunSwap V2 and burned.

# Pump.fun Remains the Leading Platform in the Memecoin Issuance Market

Pump.fun is a leading platform focused on creating and trading memecoins on the Solana blockchain. It allows users to quickly respond to news events or social phenomena by creating tokens, making it a standout memecoin issuance platform.

Launched at the end of January this year, it initially garnered little attention, but over time, especially by April, it gradually entered the public eye. Pump.fun's success relies not only on its precise grasp of the attention economy but also on its clever asset issuance design.

Despite the emergence of numerous competitors in the market, Pump.fun remains firmly in the lead, maintaining a high level of market attention and popularity, having become the highest daily revenue blockchain platform in May of this year.

According to Dune data, as of August 23, the Pump.fun platform has deployed over 1.86 million token projects, with total revenue exceeding 651,072 SOL (currently valued at approximately $93.8 million).

On the Pump.fun platform, users can easily create their own memecoin by simply entering the token's name, trading code, and image. The entire process is simple and intuitive, requiring almost no technical knowledge. The cost to deploy a token is about 0.02 SOL (approximately $3), allowing users to easily try creating their own tokens.

Pump.fun uses a Bonding Curve model to determine token prices. As more people purchase a certain token, its price gradually rises along a predetermined curve. Once a token's market cap reaches $69,000, the platform automatically deposits $12,000 worth of liquidity into the decentralized exchange Raydium.

Additionally, Pump.fun combines social media dynamics with financial incentives. On August 23, Pump.fun launched a live streaming feature called "Stages," allowing multiple users to stream simultaneously, supporting screen sharing and voice chat, further enhancing the platform's interactivity and user experience.

This innovative model could profoundly change the way people publish and interact, giving every user the opportunity to become an early participant in the market and seize development opportunities.

# Sun Pump VS Pump.fun

SunPump, leveraging the vast user base of the Tron chain and Justin Sun's personal influence, has seen its market cap exceed $1.1 billion in a short time. The incentive program launched in collaboration with Tron DAO further enhances the platform's popularity and appeal. In contrast, Pump.fun, as the leading platform on the Solana blockchain, has accumulated nearly $100 million in revenue since its launch at the beginning of the year, thanks to its simple user interface and unique asset issuance design.

Pump.fun benefits from the active community ecosystem of SOL, holding an advantage in user numbers and trading volume. By combining social media dynamics with financial incentives, Pump.fun further enhances the user interaction experience. Both platforms emphasize low fees and ease of operation, jointly driving the prosperity of the memecoin market, each attracting widespread attention and participation from the community in their unique ways.