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Pump.fun Flips Ethereum's Daily Network Revenue

The memecoin launcher is racking up the transaction fees.
David C David C Jul 2, 20241 min read
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Pump.fun Flips Ethereum's Daily Network Revenue

Solana-based memecoin launchpad Pump.fun reached $1.99M revenue in the past 24 hours amid a surge in celebrity coin speculation, surpassing the Ethereum network's respective daily revenue of $1.91M.

What's the scoop?

  • Token Deployment: On Monday, 11.5K tokens were deployed on Pump.fun, bringing the total to 1.2M tokens, based on @cashack's Dune Analytics board.
  • Cumulative Revenue: Pump.fun's cumulative revenue stands at 346.6K SOL, or $51.3M.
  • Platform Popularity: The platform's ease of use and Solana’s low transaction fees have driven its popularity, leading to a surge in themed token creation.

Bankless Take:

While Pump.fun can be polarizing, its revenue and continued activity make the platform’s influence undeniable. Speculation seems to be one of crypto’s killer use cases, whether we like it or not, and Solana's low fees and fast transactions make a perfect environment for it.

In this article

pump.fun pump.fun Solana Solana

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David C

Written by David C

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David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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