Pump.fun Crosses $50M in Revenue, Boosts Solana\'s Economy Amid Rising Competition

YEREVAN (CoinChapter.com) — Pump.fun's cumulative revenue has crossed $50 million. The Solana-based memecoin launchpad is noted for its ease of use and Solana's low transaction fees.

Pump.fun, a Solana-based memecoin launchpad, has achieved a cumulative revenue of over $50 million. This platform, known for its ease of use and Solana's low transaction fees, has generated over $598,000 in revenue within the past 24 hours, according to DefiLlama data.

Pump.fun has played a role in launching more than 1.18 million memecoins. The platform's popularity surged during the recent meme-token boom, which saw the creation of various political-themed cryptocurrencies, celebrity tokens, and more. Data from Dune Analytics confirms the high volume of memecoins deployed via Pump.fun.

While recent market conditions have caused a decrease in daily fees, Pump.fun still maintains substantial user engagement and contributes significantly to the economic activity on the Solana network.

The substantial fees generated by Pump.fun and the large number of tokens deployed have brought considerable economic activity to Solana. The platform maintains high user interest and drives transactions.

Meanwhile, crypto data aggregator Dexscreener has launched a competing memecoin launchpad called Moonshot. Also based on Solana, Moonshot generated nearly $500,000 in revenue during its debut week, according to DefiLlama data. This new competitor adds another layer to the growing memecoin market on Solana.

Pump.fun's revenue model includes a 1% fee on trades and a two SOL fee when tokens gain enough liquidity to list on Raydium, a decentralized exchange on the Solana blockchain. This model has significantly boosted user engagement and transaction activity within the Solana ecosystem.

Celebrity involvement has also played a role in Pump.fun's growth. Last month, Caitlyn Jenner launched her token, JENNER, on the platform and promoted it heavily. The token's value quickly rose to $43.6 million after the launch but has since dropped by over 85%.

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