Tron (TRX) ecosystem is in the spotlight because of its meme tokens taking off. As one of the industry’s most dominant Layer 1 networks, the protocol is now implementing the play-books of rivals like Solana. For more than a year, Solana has recorded a thriving meme ecosystem with BONK and dogwifhat (WIF) successes. Tron Founder Justin Sun is confident the blockchain will stun the world with its lineup of meme coin innovations.
Tron Meme Coin; Hype Vs Reality
Every protocol has its strengths and weaknesses. While Solana suffers outages from Phantom Wallet and other DApps, Tron still needs to. Riding on this, Sun believes the protocol needs to build on this network stability to bring more value to the community. This desire helped birth the Tron Meme Coin season.
Per data from DeFiLlama, the TRX DeFi ecosystem boasts of a Total Value Locked (TVL) of $8.764 billion. This figure shows a high level of liquidity that surpasses that of Solana at $10.852 billion. This TVL is evidence that the Justin Sun-backed network has what it takes to fuel a sustainable memecoin season.
Already, a number of Tron meme coin have made their emergence with positive milestones. One of the top meme coin to buy in 2024 is Sundog. This token is gaining a huge recognition as one of the key pioneers in its ecosystem with potential growth tracks like dogwifhat.
Several market analysts are engaged in debates on whether this meme hype will last. As a sign of the positive growth is the 410% surge that the Tron meme coin Sundog has printed in the past week. While it might be too early to predict, every thriving memecoin passes through different growth cycles and Tron’s best tokens might also follow the trend.
For now, pundits agree on the major catch for these memecoins, and this includes how early it is for interested investors to get in.
The Sun Pump Advantage
The meme coin world is filled with a lot of fraud. It is not uncommon for projects to rug at the early stage of their launch. To curtail this trend, the Tron ecosystem launched Sun Pump, a fair memecoin launch platform.
With Sun Pump, every new project passes through a bonding curve. Here, investors determine which Tron meme coin will go live on Sun Swap, the ecosystem’s top DEX. The role of Sun Pump is the response of Tron to the Pump Fun platform on Solana. Both protocols work to prevent fraud and is decentralized enough to permit ecosystem-wide participation.
The Sun Pump advantage for now is its newness, one that might favor its adoption over Solana’s Pump Fun. With Sun Pump already beating Pump Fun in earnings, Justin Sun predicts a $4 billion revenue peak with its meme strategy. On which of the protocol’s meme ecosystem will outshine the other, only time will tell.
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