Pump.fun’s daily income is greater than that of the next 24 protocols combined
Solana memecoin deployer pump.fun has earned $5.3 million in the past 24 hours, more than the next 24 highest-grossing protocols combined in daily earnings.
Pump.fun generated a total of $5.33 million in revenue on the last day, significantly outpacing blockchain networks like Ethereum and Solana, which posted $2.3 million and $1.6 million in earnings and payouts, respectively.
It generated more than the combined daily earnings of the next 24 protocols over the same time frame, according to Defillama data.
The token issuer earns revenue by charging a 1% fee on all transactions that occur on the platform.
Pump.fun has come under fire from market experts in recent weeks, with many accusing the issuer of “killing” memecoins, as the platform allows token creators to launch new tokens for up to $2.
Related: Pump.fun Flips Ethereum in 24-Hour Earnings – DefiLlama
Pump.fun is leaning into these allegations, boasting that it launched 10,000 new coins in a three-hour time frame during the X-Space meeting between former President Donald Trump and Elon Musk.
In the year On August 9, pump.fun announced that it would reward token creators with a 0.5 SOL fee — roughly $80 at current prices — if their tokens complete their integration curve and are deployed on Solana-based automated market maker Rydium.
The new boost comes in the wake of new data showing that a staggering 98.6% of all tokens launched on Pump.fun never completed the linking curve process and failed to launch on Raydium.
Pump.fun was launched in January 2024 as a defense against narcissistic insider token launches.
Historically, memecoins have been launched through pre-sales and insider purchases, where startup teams could hide the amount of tokens they have and abuse the market. Pump.fun ensures that all information about tokens created on the platform is public and transparent, meaning that anyone can see the tokens available and who owns them.
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