- At $94.5 million as of right now, Pump.Fun’s cumulative revenue is expected to reach $100 million in the near future.
- The platform has made it possible for the deployment of more than 1.8 million memecoins since its inception earlier this year.
In the upcoming days, Pump.Fun, a memecoin generator on Solana, is anticipated to reach a cumulative revenue of over $100 million.
DeFiLlama statistics indicates that the platform’s total revenue increased from $50 million at the end of June to $94.5 million at this time.
By taking use of Solana’s cheap transaction costs, the platform has helped generate approximately 1.8 million memecoins since its introduction in January 2024.
PumpFun uses a bonding curve model, in which a coin’s price grows in response to an increase in demand. Starting at a base price and going up when more transactions are made, this offers a systematic pricing progression that benefits both vendors and customers.
At the point where the bonding curve’s cumulative purchases amount to $69,000, $12,000 in liquidity is moved to the decentralized exchange Raydium, where it is burned. Less than 1.5% of the 1.8 million tokens created with Pump.Fun have been listed on Raydium with success.
A one percent fee is applied to every transaction made on PumpFun’s platform. Memcoin sales and purchases are subject to this fee. Due to the large volume of token generation and trading, these costs can add up quickly.
Pump out.Due to its low entry barrier (about $2 to establish a token) and emphasis on memecoins, which are frequently very volatile and produce substantial trading activity, even if they are transient, Fun has seen spectacular growth.
Pump.Fun recently removed the cost of deploying user tokens and began paying token creators 0.5 SOL ($80) at the tokens’ crossing of the bonding curve.
This change has resulted in an even greater increase in the quantity of tokens issued on the network. However, other users have also expressed their displeasure with the quality of newly added projects to the site as well as the temporary worthlessness of hundreds of memecoin-related side businesses.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
