Pump.Fun Poised to Top $100 Million in Revenue as Memecoin Activity Soars
Pump.Fun, a memecoin creation platform on Solana, is on track to exceed $100 million in total revenue shortly.
Data from DeFiLlama shows that the platform’s revenue has surged to $94.5 million, up from $50 million at the end of June. Since its launch in January 2024, Pump.Fun has generated over 1.8 million memecoins, benefiting from Solana’s low transaction fees.
The platform uses a bonding curve model, where the price of a memecoin increases with demand. Initially set at a base price, the cost rises as more tokens are purchased, creating a structured pricing model for buyers and sellers.
When the total value of purchases on the bonding curve hits $69,000, $12,000 worth of liquidity is moved to Raydium, a decentralized exchange, and then burned. Out of the 1.8 million tokens created, less than 1.5% have been listed on Raydium.
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Pump.Fun charges a 1% fee on all transactions, both buys and sells. Given the high volume of token activity, these fees accumulate quickly.
The platform has grown rapidly due to its low entry cost (around $2 to launch a token) and the high volatility of memecoins, which drive significant trading activity. Recently, Pump.Fun removed the cost for launching tokens and began rewarding creators with 0.5 SOL ($80) when their tokens surpass the bonding curve, further boosting token generation. However, this has led to complaints about the quality and long-term value of many new memecoins.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
