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Tron ecosystem reduced transaction fees on SunPump by 50% as Justin Sun encourages users to benefit from the platform’s low transaction costs. The crypto executive pointed to further developments aimed at increasing daily transactions and market share. SunPump quickly gained attention by offering a token production platform that began to overshadow Solana’s Pump Fun.
What’s Happening in the Tron Ecosystem?
Justin Sun shared the news on August 27, following his commitment last week to reduce fees without affecting profitability. As of August 22, the transaction fee for SunPump on the TRON network was 0.76 TRX per transaction, with an average cost of 0.118 USD per transaction. The 50% reduction in transaction fees now makes SunPump’s transaction fees highly competitive.
The news came right after the Tron ecosystem increased its energy limit to 120 billion and made a strategic move approved by the community to attract more TRX token investors. These developments align with Justin Sun’s ambitious plan to reach over 20 million daily transactions within the next three months.
Justin Sun is promoting SunPump as the kingdom of memecoins, capitalizing on the recent trend of Tron memecoins. According to CoinGecko data, the market value of Tron memecoins is over 362 million dollars. Sundog (SUNDOG), Dragon Sun (DRGN), and SunWukong (SUNWUKONG) are the top three Tron memecoins by market value.
This growth has positioned Tron’s SunPump as a competitor to Solana’s Pump Fun, drawing significant attention. Sun suggests that this competition could ultimately lead to a better user experience. The Tron executive expressed confidence in the sustainability of the current hype, attributing it to TRON’s competitive advantages, which include a deep liquidity pool exceeding 60 billion dollars and a rapidly expanding user base.
Details on the Subject
SunPump is rising in the ranks, but investors remain cautious, particularly due to Sun’s involvement. His controversial reputation after several interactions with projects causes some users to remain wary. Additionally, experts question SunPump’s capacity to dethrone Solana’s Pump Fun. Pump Fun has seen many more projects launched on its platform due to its popularity in the market. Analysts shared the following statements on the subject:
“Although SunPump is touted as a competitor to Pump Fun, it still lags far behind Pump Fun’s activity. Since its launch on August 9, SunPump has facilitated the launch of over 46,000 tokens, which is 77% less than the 193,000 launches Pump Fun achieved in the same timeframe.”
