Has overtaken Ethereum in this race, but why are users frowning? Pump.fun has overtaken Ethereum, but why are users frowning? Pump.fun made $5.3 million in one day, beating Ethereum and Solana combined.
has overtaken #MarketDownturn in this race, but why are users frowning? Pump. fun has overtaken Ethereum, but why are users frowning? Pump. fun made $5.3 million in one day, beating Ethereum and #Solana combined.
In the past three months, the platform has sold 222,073 Solana (SOLs) worth $35.54 million, at an average price of $160 per SOL.
Pump. fun has been criticized for its cheap token creation, which some believe is driving down the value of memecoin.
Pump. fun, a Solana-based memcoin creation platform, generated $5.3 million in revenue in a single day. This not only exceeds the daily revenue of major blockchains such as Ethereum and Solana, but also the top 24 protocols.
In the last 24 hours, Pump. fun generated $5.3 million, surpassing the combined revenue of Ethereum and Solana, while #MarketDownturn and SOL generated $2.3 million and $1.6 million, respectively.
Not only do these figures exceed Ethereum's total daily revenue of $2.3 million and Solana's $1.6 million, but also the combined revenue of the next 24 most profitable protocols, according to DefiLlama.
The platform accomplishes this by charging a 1% fee on all transactions through the system. This fee structure, combined with the high volume of transactions, has allowed Pump. fun to generate significant revenue in a short period of time.
While Pump. fun's financial position is undoubtedly a strength, it is not without its critics. The platform has been accused of contributing to the growth of the #meme coin market by allowing anyone to create new tokens for as little as $BTC Despite its impressive achievements, Pump. fun has repeatedly found itself embroiled in heated controversy. Critics from various groups have claimed that Pump.
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