Pump.fun total revenue surpasses $800 million

According to a report by The Block cited by Jinse Finance, the Solana-based memecoin issuance platform Pump.fun has generated cumulative revenue exceeding $800 million, primarily from a 1% transaction fee. The platform recently regained its leading position in the number of graduated tokens, as top memecoin deployers from LetsBonk.fun migrated to Pump.fun. Pump.fun’s daily revenue has remained consistently above $1 million, while LetsBonk.fun’s daily revenue has dropped below $30,000. Additionally, Pump.fun raised $600 million within 12 minutes through an initial token offering last month and is currently buying back tokens above market price to stabilize prices. Recently, Solana was surpassed by the Base network, with Base seeing 57,970 new memecoins launched in a single day compared to Solana’s 32,760.