Key Highlights:
  • Pump.fun, a Solana-based memecoin launchpad, hit $800M in lifetime revenue.

  • LetsBonk briefly overtook Pump but lost ground as creators migrated back.

  • Pump consistently generates over $1M in daily revenue.

Revenue Growth

Pump.fun has surpassed $800 million in lifetime revenue, mostly from its 1% swap fee on token transactions. Daily revenue remains above $1 million.

Competition With LetsBonk

Rival launchpad LetsBonk gained momentum earlier this year but has since fallen behind after top creators moved back to Pump. LetsBonk’s daily revenue dropped below $30,000 this month.

Token Launch and Market Trends

Pump recently launched its native token, raising $600M in 12 minutes. Meanwhile, Solana lost ground to Coinbase-backed Base, which is now the leading network for memecoin launches.

Read the full article on theblock.