The post SunPump Transaction Costs to Drop Following New Initiative appeared on BitcoinEthereumNews.com.

SunPump and OKX Wallet collaborated to expand the trading of Tron blockchain’s meme coins. The initiative adds to the list of Justin Sun’s commitments to increase adoption. The advent of SunPump initiated competition with Solana’s Pump.fun, positioning the two launchpads at the center of the colloquial ‘meme coin wars’. SunPump Partners With OKX Wallet SunPump meme coins consumers will realize energy subsidies on OKX Wallet, meaning reduced on-chain transfer charges. The collaboration will enhance adoption for both parties. “OKX Wallet has launched the energy subsidies for meme coin trading on the TRON ecosystem, reducing on-chain transaction costs for TRON users. You can now easily trade memes on SunPump through OKX Wallet,” read the announcement. It adds to the list of ticked checkboxes on Tron founder Justin Sun’s recent commitments to scale the network without affecting profitability. Mentionable strides include reducing TRON fees, implementing a 100% buyback and burn process, and energy cap enhancements. With these, Tron’s meme coins and the entirety of its ecosystem may become even more alluring. Notwithstanding, Justin Sun says more network transaction fees are coming, citing a proposal from TRON community Super Representatives. This indicates continuous efforts to increase network activity. Read more: What Is TRON (TRX) and How Does It Work? Despite these efforts, there are concerns about the network losing steam. BeInCrypto reported Solana’s Pump.fun outpacing SunPump in token deployment and revenue. Data on Dune Analytics shows Solana’s token launchpad is unrelenting despite SunPump’s recent buzz. In the last 24 hours, only 1,027 tokens were deployed on SunPump against Pump.fun’s 7,168 deployments. On revenue metrics, Pump.fun has generated almost nine times as much revenue as SunPump in the same period. Similarly, Solana’s meme coin generator has achieved ten times more revenue than its Tron blockchain counterpart between Thursday and Friday. SunPump vs. Pump.fun. Source: Dune Analytics…

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Filed under: News - @ September 6, 2024 1:24 pm