- The total revenue generated by Pump.fun has exceeded $50 million.
- Thus far, the site has assisted in the launch of approximately 1.18 million meme coins.
The overall income of the memecoin launchpad Pump.fun, based in Solana, has surpassed $50 million, as per DefiLlama data.
The platform brought in almost $598,000 in income in the last 24 hours.
Due to its user-friendliness and Solana’s cheap transaction costs, Pump.fun became a well-known site during the current meme-token bubble. This resulted in the creation of numerous cryptocurrencies with political themes, celebrity tokens, and other tokens.
Dune Analytics data shows that more than 1.18 million meme coins have been released using pump.fun thus far. The platform experienced a decrease in daily fees as a result of adverse general market conditions.
However, pump.fun and the tokens it deploys have exhibited noteworthy user engagement and brought tremendous economic activity to Solana thanks to their high activity and substantial fees collected.
In the meantime, the Solana-based competitor meme coin launchpad Moonshot was introduced by the cryptocurrency data aggregator Dexscreener. DefiLlama statistics shows that the site made around $500,000 in income during its first week of operation.
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.
