DeFi
Pump.fun accounts for 83% of Solana token launches, bringing daily revenue to over $1 million – DL News
- Pump.fun makes trading and launching memecoins easier and safer.
- It generated more than $1.2 million in revenue as of Monday, surpassing Solana.
- More than 83% of the newly launched tokens on Solana on Tuesday came from Pump.fun.
Make it easy and the users will come.
This could be the theme of Pompe.funa protocol that attempts to make trading and creating memecoins simple and secure.
The platform generated $1.2 million in revenue on Monday, surpassing Solana’s $730,000 and becoming the third highest revenue-generating project that day, according to data from ChallengeLlama.
Although it runs on both the Solana and Blast blockchains, most of its success comes from Solana. Pump.fun makes it easy for users to launch new memecoins and ensures a secure trading environment where traders do not have to worry about outright scams.
Pump.fun has grown in popularity over the past year with the increase in memecoin trading.
More … than 550,000 tokens were launched on the platform, reaching a record high on Monday with 19,261 tokens deployed and generating 8,347 SOLor approximately $1.2 million in revenue.
The number of tokens deployed represents the majority on Solana.
For example, Tuesday, 22,664 new tokens were launched on Solana, and Pompe.fun was responsible for 18,853 of them — approximately 83% of all tokens launched that day.
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To date, Pump.fun has generated 140 300 SOL in revenue, worth about $21.5 million at current prices.
Pump.fun does not have its own native token and has not announced plans to launch one, so all of its revenue goes directly to its team.
The platform generates revenue through a 1% fee on transactions and a two SOL fee when coins reach enough liquidity to be listed on Raydium, a decentralized exchange on the Solana blockchain.
How it works
Pump.fun’s main selling point is its commitment to fair launches, ensuring that all tokens on the site have no pre-sale or team allocation.
This setup prevents rug pulls – a type of scam in which developers abandon a project and abscond with investor funds – providing traders with a secure and trustworthy environment.
For traders, the process begins by visiting the official Pump.fun website and selecting a memecoin that piques their interest. Initially, trading is exclusive to Pompe.funthe price of the coin follows a demand-based bonding curve, meaning the price increases as more users purchase the coin.
Once a token’s market cap reaches $69,000, $12,000 of liquidity is added to Raydium and then burned, ensuring the stability and value of the token.
On the Blast blockchain, trading remains on Pump.fun until the market cap reaches $420,000, at which point $30,000 of liquidity is added to the decentralized exchange Thruster and burned, allowing for broader trading opportunities .
This creates a system where traders can know what to expect because each coin follows the same rules.
For users who wish to deploy a token on Pump.fun, the process is simple. All a user needs to do is choose a name, ticker, and JPG image for the token. They can then instantly deploy the token to Pump.fun and anyone will be able to trade it.
However, coins launched via Pompe.fun do not guarantee success. The majority of memecoins launched via Pompe.fun – and any other place for that matter – lose most, if not all, of their value.
Ryan Celaj is a data correspondent at DL News. Do you have any advice? Send him an email to ryan@dlnews.com.