Pump.fun platform earns $368 million in 239 days

Pump.fun platform, created just 239 days ago, is showing impressive results. Since April 2024, its commission revenue has amounted to 1.53 million SOL (about $368 million). The platform’s daily earnings reach $1.54 million, making it one of the fastest growing platforms in the decentralized finance (DeFi) sector. Pump.fun has issued more than 4 million tokens since its launch, averaging 16.89k new tokens daily. The number of transactions per month exceeds 388 million, which is almost double that of other leading DEXs. Since October, Binance started actively adding tokens created on the Pump.fun platform. Of the 14 Memecoin placed on the exchange during this time, almost 43% were created on this platform. In the Solana network, this figure is even higher – 85.71%. Among the popular tokens created on the platform are Pnut, GOAT and CHILLGUY. The success of the platform is due to several factors. Analysts believe that experts are attracted by the minimal barriers to entry. In addition, the platform’s clients are interested in fraud protection mechanisms and a strong economic effect on the market. However, the key element was integration with the Solana blockchain, which provides fast and cheap transactions, which is extremely important for users.

Despite its success, Pump.fun faces criticism. According to DefiLlama, the platform has earned $368 million, but 74% of those funds have been sold by developers, raising questions from users. Many industry participants wonder why the platform does not share revenues with traders.

Pump.fun remains the leader in the meme token market, but its future depends on its chosen strategy. Perhaps the platform will integrate its own token to distribute profits among users and strengthen its position. In an increasingly competitive environment, this could be a key step.