Pump.fun Surpasses $800M on Solana, Reclaims Memecoin Lead
Pump.fun, a Solana-based memecoin issuance platform, has exceeded $800 million in lifetime revenue by charging a 1% swap fee on token transactions. Since the memecoin boom earlier this year, daily revenues have remained strong, often surpassing $1 million, while rival LetsBonk.fun’s earnings have fallen below $30,000 per day.
Last month, Pump.fun raised $600 million in just 12 minutes during its initial token offering. The platform has also repurchased tokens above market price to stabilize value and has reclaimed its lead in graduated token deployments after top developers returned from LetsBonk.fun. Meanwhile, Solana has been overtaken by the Base network in daily memecoin launches—57,970 tokens compared to Solana’s 32,760—underscoring shifting trends in memecoin issuance.
Pump.fun’s steady fee model and renewed developer activity signal a positive outlook for Solana’s DeFi ecosystem and offer new trading opportunities.
Bullish
Pump.fun’s record revenue, robust daily fees, and renewed developer activity highlight growing demand for Solana’s DeFi ecosystem. In the short term, traders may buy SOL to participate in memecoin launches and ITOs, driving price appreciation. Over the long term, stable fee models and ecosystem expansion support increased network usage, underpinning SOL’s value growth. Consequently, this news is bullish for SOL.