SunPump, a memecoin generator powered by the Tron (TRX) blockchain, has recently outpaced its competitor, PumpFun, in daily revenue, signaling its rapid ascent in the memecoin landscape.

On Wednesday, SunPump saw the creation of approximately 7,531 new tokens, which collectively generated a daily revenue of 3.65 million TRX—equivalent to about $548,000 at current TRX prices, according to data sourced from Dune Analytics.

This impressive figure eclipses PumpFun’s daily revenue, which amounted to 2,575 SOL, or roughly $367,195. On the same day, PumpFun recorded the generation of about 6,941 tokens.

Launched just last week, SunPump has quickly become a favored platform for generating memecoins, some of which have experienced notable price volatility. Sundog, one of the tokens minted via SunPump, surged 25% at one point, trading around $0.25, before retracting to $0.21—a 12.6% decrease over the past 24 hours, as reported by CoinGecko. Sundog’s market capitalization briefly peaked at $250 million on Wednesday but has since settled at $216 million.

Also, read – Surging Solana-Based Memecoins Amid SOL’s Remarkable Rebound

In contrast, PumpFun, which has been operational since January, has facilitated the creation of over 1.8 million tokens to date.

Justin Sun, the founder of Tron, has been actively promoting SunPump on social media platform X, even integrating a link to the memecoin generator into his profile bio. In a recent post, Sun hinted at forthcoming enhancements to the platform, stating, “Tomorrow, a new version of @sunpumpmeme will be launched, significantly improving stability. The data discrepancies and K-line issues everyone reported will also be fully resolved. TO THE SUN.”

Despite the excitement surrounding SunPump, the price of Tron’s native token, TRX, has dipped 4.25% in the past 24 hours, now trading at $0.15. However, the token has seen a 15.56% increase over the past week, with its market capitalization currently standing at $13.3 billion.

As SunPump continues to gain traction, it appears poised to further disrupt the memecoin market, with its innovative approach and rapid adoption setting it apart from its competitors.