ADA was the 10th of the top 10 cryptocurrencies until recently overtaken by Tron. Will ADA re-claim this position this August? Maybe not so fast.

Tron has sucked in liquidity to its network since the launch of its Meme Fairlaunch platform, SunPump. Tron has since recorded high 24hrs transaction volumes and high daily revenues due to spontaneous demand and utility of the network’s token, TRX, on the meme launcher.

For instance, more than 18,404 tokens have been created on the Tron network in 12 days since the launch of Sunpump. It has since generated approximately 71 million TRX in revenue, which is about $1.12 million. Interestingly, more tokens are being created daily on the meme coin launcher, grossly generating revenue and further boosting the transaction volume of Tron’s token TRX.

On the flip side, for ADA, the market has not been very active. The price action for ADA is largely influenced by the general sentiment surrounding the cryptomarket, in addition to the global macroeconomics. ADA has only seen a 44% surge in price since 2024, which is low compared to... TRX’s 108%.