SUN operates on the Tron blockchain as part of the broader SUN Ecosystem, which has been gaining attention in the crypto community
The SUN exchange volume has grown to $543.41 million in the last 7 days.
According to DeFiLlama, SUN exchange trading volume reached $543.41 million in the last 7 days, making it the top-performing DEX in the decentralized finance (DeFi) sector during this period.
Decentralized exchanges and their trading volume for the week. Source: DeFiLlama
SUN Exchange Overtakes Orca in Total Value Locked (TVL)
SUN operates on the Tron blockchain as part of the broader SUN Ecosystem, which has been gaining attention in the crypto community, particularly for its focus on meme coins.
According to CryptoRank, SUN exchange has surpassed Orca in terms of Total Value Locked (TVL) growth. SUN now ranks 6th with $731 million in TVL, while Orca sits in 8th place with $265 million.
Top 10 DEXs by TVL@Uniswap – $4.67B
@CurveFinance – $1.86B
@PancakeSwap – $1.68B
@RaydiumProtocol – $917M
@Balancer – $755MSUN – $731M
@AerodromeFi – $585M
@orca_so – $265M
@ston_fi – $238M
@SushiSwap – $234M
pic.twitter.com/zpIzn99fdU
— CryptoRank.io (@CryptoRank_io) August 22, 2024
Although Orca is one of the largest decentralized exchanges in terms of trading volume, with a daily volume of $301 million, SUN’s performance on the Tron blockchain is noteworthy.
Ranking of decentralized exchanges by trading volume. Source: CoinGecko
Why Is SUN Gaining Attention?
The SUN Ecosystem, often mentioned in social media under names like SUN Pump Ecosystem, is the first project of its kind on the TRON blockchain. It integrates the features of a DEX with those of a decentralized autonomous organization (DAO).
Screenshot of the SUN homepage. Source: project website
The project revolves around the Sun Token (SUN), which has experienced a 139.8% increase in price over the past 7 days, according to CoinGecko.
Between Aug. 15 and 16, SUN was priced at $0.009. By Aug. 17, it had risen to $0.01129773, and on Aug. 21, it nearly reached $0.02, stopping at $0.01894136. At the time of writing, SUN is priced at $0.02204153.
SUN price history for the last 7 days. Source: CoinGecko
SUN’s recent performance highlights a new dimension of the TRON blockchain, particularly with the launch of the SunPump Meme Campaign, which allows users to create their tokens.
Create an epic meme featuring the #TRON and #SunPump logos, post it, and tag @sunpumpmeme & @trondao!
? Most RTs + comments = WINNER!
? The winning meme gets pinned on @sunpumpmeme for 1 day, and the creator scores a 30-minute call with @justinsuntron!#TronMemeSeason #Meme pic.twitter.com/lgj9K6DYEC
— SunPump (@sunpumpmeme) August 22, 2024
Tron meme coins are emerging as a new phenomenon in the crypto market. According to CoinGecko, Sundog (SUNDOG) leads in trading volume with $61 million, followed by FoFar (FOFAR) with $5.04 million.
Tron meme coins ranking by trading volume. Source: CoinGecko
The SunToken (SUN) is the native token of the SUN Ecosystem, which combines the functions of a decentralized exchange and a decentralized autonomous organization (DAO) on the TRON blockchain. The project is designed to support the creation and trading of meme coins within the Tron network.
Recently, SUN has been performing exceptionally well, thanks largely to the launch of the SunPump Meme Campaign, which has brought increased attention to the project. According to data from CoinGecko, SUN has experienced a 139.8% increase in price over the past 7 days.
On Aug. 15, SUN was priced at $0.009. By Aug. 17, it had risen to $0.01129773. On Aug. 21, SUN nearly reached $0.02, stopping at $0.01894136. At the time of writing, SUN is priced at $0.022041
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