Pump Fun Overtakes Ethereum with $2 Million in Daily Revenue to No. 1 Position

More than 11,500 tokens were created on Pump fun on Monday

Celebrity-inspired meme coins drove a surge in revenue for token launch platform Pumpfun over the past 24 hours, lifting the protocol's revenue above that of the Ethereum blockchain for the first time.

Pumpfun racked up $2 million in daily revenue in that period, surpassing Ethereum's $1.91 million and becoming the largest revenue generator of any blockchain, according to data from DefiLlama.

Data from Dune Analytics shows that 11,528 tokens were deployed on Monday, bringing the cumulative total to 1,205,301.

The accumulated revenue on the platform has now reached $50.9 million.

In March, Pump.fun was on track to reach $66 million in annual revenue, a figure that will likely be surpassed before the end of the year if current activity continues.

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