The post Tron’s SunPump offers opportunity for developers and traders appeared on BitcoinEthereumNews.com.

  Tron network saw growth as platforms like SunPump continued to expand. Despite Tron’s growth, TRX has struggled to maintain an uptrend, dipping by 21% in 30 days. Over the past year, the Tron [TRX] network has experienced considerable growth and development. Among these developments, SunPump stands as one of the most significant memecoin projects over the past year. SunPump growth within Tron and its significance According to CryptoQuant analysis, SunPump in the Tron Network has become the first ever platform within the blockchain solely dedicated to the fair launch and trading of memecoins. Source: CryptoQuant Although the project is still in its early stages, its Total Value Locked (TVL) is nearing $2 million. In context, SunPump provides creators with an easily accessible, low-cost platform to launch their memecoins in secure and user-friendly environments. The platform stands out for its fairness and transparency, promoting a more autonomous and empowered trading experience. Source: CryptoQuant In addition to SunPump itself, various tokens are integrated into the platform, including HTXunion, Sundoge, Tron Bull, SunCat, and InvestZone. These projects are dominating the number of active addresses within the platform, creating a vibrant and engaged community. Projects like SunDog, with a market cap of $77.21 million, show how growth on the TRON network can rapidly accelerate. What does it mean for TRX? While the Tron network has experienced exceptional growth with platforms like SunPump, its native token TRX has failed to keep pace. TRX has struggled to record sustained gains on its charts, with bearish sentiments dominating the market. The altcoin has continued to decline across the charts. According to AMBCrypto’s analysis, Tron is experiencing strong downward pressure as bearish sentiments dominate. Source: Tradingview We can see this downward momentum through a declining Relative Vigor Index (RVGI). This has dropped to -0.36 after making a…

---

Filed under: News - @ January 15, 2025 11:25 am