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Pump.fun's cumulative revenue has surpassed 800 million USD, mainly from 1% trading fees.
PANews, August 20 - According to The Block, the revenue of the on-chain Memecoin issuance platform Pump.fun on Solana has exceeded $800 million, mainly from a 1% transaction fee. The platform has recently regained its leading position in the number of graduated tokens, as the top Memecoin deployers from LetsBonk.fun have migrated to Pump.fun. Pump.fun's daily revenue consistently exceeds $1 million, while LetsBonk.fun's daily revenue has fallen below $30,000. In addition, Pump.fun raised $600 million within 12 minutes through an ICO last month and is repurchasing tokens at prices above the market rate to stabilize prices. Solana has recently been surpassed by the Base network, with Base launching 57,970 Memecoins in a single day, while Solana launched 32,760.