Tron's quarterly revenue hit a record high of $151.2 million in Q3, largely driven by the activity on its memecoin launchpad, SunPump. This signifies a nearly 30% increase from the previous quarter. SunPump facilitated the launch of over 89,000 tokens between August 12 and September 30, which contributed to a staggering 487% increase in decentralized finance transactions on the Tron network over the same period. Significant burning of TRON tokens also occurred, with around 270 million tokens burned, generating about $42 million in revenue. Despite a peak in the SunPump craze, new token launches dwindled in September, dropping to under 1,000 daily. Notably, memecoins such as SunDog have seen considerable market capitalizations, with overall TRX circulating market cap increasing by 24% to $13.5 billion by the end of the quarter. Additionally, TRX maintained a deflationary status with a net burn of 587.6 million tokens, while the total value locked in Tron DeFi protocols decreased to $6.98 billion.

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