# Pump.fun Flips Ethereum's Daily Network Revenue

*Author: David Christopher*
*Published: Jul 2, 2024*
*Source: https://www.bankless.com/pump-fun-flips-eth-networks-daily-revenue-2*

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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](https://www.theblock.co/post/303158/pump-fun-surpasses-the-ethereum-network-in-terms-of-daily-revenue) were deployed on Pump.fun, bringing the total to 1.2M tokens, based on @cashack's Dune Analytics [board](https://dune.com/cashack/pump-dot-fun).
- **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. 

> BREAKING: [@pumpdotfun](https://twitter.com/pumpdotfun?ref_src=twsrc%5Etfw) FLIPS [@ethereum](https://twitter.com/ethereum?ref_src=twsrc%5Etfw) IN 24H REVENUE [pic.twitter.com/IoVHqvl55m](https://t.co/IoVHqvl55m)— DEGEN NEWS (@DegenerateNews) [July 2, 2024](https://twitter.com/DegenerateNews/status/1808098870351610140?ref_src=twsrc%5Etfw)