SUN takes advantage of SunPump to rise again, and its price returns to the peak of the DEX track
Friends who pay attention to DEX platform tokens should have noticed that the price of SUN has almost hit a new high recently. This is too precious for a DeFi concept currency that was born three years ago. The prices of many tokens that have been popular in the bull market in 2021 are struggling.
UniSwap, PancakeSwap, SushiSwap, and Sun.io are all DEX platforms with large market capitalization and trading volume. They have also been developing, with social media being updated, communities being maintained, versions being iterated, and cooperation being developed. However, the price of the currency has been falling all the way, and the downward trend is difficult to reverse.
It can be seen intuitively from the CMC data that only the price of SUN has reached the highest point again. The currency price is a direct reflection of the platform's effectiveness and value, and it is also a reflection of user consensus. On CoinGecko, SUN is the token with the most viewers in recent times. The data from the third-party platform once again confirms the popularity of SUN.
Sun.io has been deeply involved in the TRON ecosystem for a long time and has become the infrastructure for value flow on the public chain
SUN is the token of the DeFi platform Sun.io, which is built on the TRON chain. The official definition is: SUN.io is the first platform in the TRON ecosystem that integrates stablecoin exchange, staking mining and autonomy, and provides decentralized financial services such as supporting the exchange of Dominica's national legal digital currency.
As we all know, with Justin Sun's continuous layout in recent years, Tron's on-chain ecology has become rich and complete. Relying on the powerful background of Tron, it has not only brought traffic, but also brought numerous cooperations and resource supplies.
For example, the recent official introduction of the SUN DAO model further expands the application scenarios of its ve (voting trusteeship) model - veSUN, and stimulates the participation of more community users, promoting the further innovation and development of the SUN.io ecosystem; for example, the launch of the new SUN Boost function, which can provide more control and flexibility for project parties. After the upgrade, project parties can customize the LP lock-up period, set the income token, adjust the transaction fee, and fully control the project operation.
The issuance of stablecoins on TRON has exceeded 60 billion US dollars, with more than 2 million daily active users, the total number of TRON accounts has officially exceeded 250 million, the number of transactions has exceeded 8.23 billion, and the total locked volume (TVL) has exceeded 20.7 billion US dollars. Relying on such a large user base and sufficient capital pool can not only improve transaction efficiency, but also provide fertile ground for SUN.io's strategic expansion. By integrating the technical advantages, community strength and on-chain resources of the public chain, SUN.io has received maximum strategic support.
SunPump strongly empowers Sun.io, bringing SUN prices back to their historical peak
As the popularity of the Meme track continues to rise, and in order to make the TRON ecosystem more comprehensive, SUN.io, as a part of the TRON ecosystem, also aims to better meet users' demand for Meme coin participation and improve the platform's asset richness and activity. SUN.io proposed the Meme market function expansion plan SunPump - a Meme coin launch platform.
In recent days, SunPump has been in the limelight, bringing the Meme track to a new height. It is indeed worthy of Justin Sun’s strong push, because the arrival of SunPump has opened up a whole new situation for the activity of the Sun.io platform, because SunPump is completely built on Sun.io.
According to SunPump rules, after SunPump is full, it will be listed on SunSwap, and the transaction fees here will be directly used to buy back and destroy SUN. As SunPump became popular, the destruction volume gradually increased. At present, the first phase of SunPump revenue destruction has been completed, and the number of destroyed SUN accounts for about 37% of the total destruction.
The official announcement shows that since September 4, all revenue generated by SunPump has been used to repurchase and destroy SUN, with a total destruction of 161,015,070.16 SUNs.
Like a live streamer, SunPump has brought many memes such as Sundog and Sunwukong to mainstream trading markets such as HTX. It is unknown how many users have achieved breakthroughs in wealth, and SunPump has also become a top meme fair launch platform in a short period of time. Currently, the TVL of SUN.io has reached 553 million US dollars. SUN's deflation continues to increase, and it is difficult for the price of the currency not to rise.
In fact, regarding feedback and destruction, as early as the beginning of SUN issuance, Sun.io directly gave back the protocol revenue to the community. 0.05% of each transaction of its SunSwap V2 will be automatically converted into SUN and sent to the black hole address for destruction. Each destruction can be viewed in the official announcement and on the chain.
All platforms support SUN transactions
In addition to SunPump empowerment, the significant increase in SUN trading volume is also related to the fact that major global top exchanges have included and supported SUN transactions. Currently, the world's top 10 trading platforms have supported SUN transactions.
In terms of wallet scenarios, it also basically covers the common wallets on the market, including Bitget Wallet, OKX Wallet, Gate Web3, UXUY, TP Wallet, Trust Wallet, Tronlink, etc., and has recently been listed in the Dapp hot areas of multiple wallets.
With the sharp rise in SUN's price and TRON's all-round empowerment, SUN.io has further consolidated its leading position in the DeFi field. In the future, it will provide global users with better decentralized financial services and promote the continuous innovation and prosperity of the DeFi industry.
