Pump.fun has seen its daily revenue soar to $1.99 million in the past 24 hours, exceeding the Ethereum network’s $1.91 million. This achievement makes Pump.fun the largest revenue generator of any blockchain, according to data on DefiLlama.
According to data from Dune Analytics, 11,528 tokens were deployed on the Solana-based memecoin launchpad on Monday. This brings the total number of tokens deployed to date to 1,199,685. The cumulative revenue on Pump.fun has now reached 346,613 SOL, or $51.3 million.
Pump.fun has emerged as a popular platform amid the recent meme-token boom. Its ease of use and Solana’s low transaction fees have led to the creation of countless political-themed cryptocurrencies, celebrity tokens, and other tokens.
The platform’s growth reflects the increasing interest in memecoins and the benefits of using Solana’s blockchain. The low transaction fees on Solana make it an attractive alternative to Ethereum, which has been criticized for its high fees. This shift is evident as more developers and users opt for Pump.fun, contributing to its impressive revenue figures.
Pump.fun’s rise also underscores the evolving landscape of the cryptocurrency market. Platforms that offer user-friendly experiences and lower costs are gaining traction. The significant revenue generated by Pump.fun indicates a growing preference for these alternatives over traditional blockchain networks like Ethereum.
As Pump.fun continues to grow, it sets a new benchmark for revenue generation in the blockchain industry. The platform’s success highlights the potential of Solana-based projects and the changing dynamics of the crypto market.
