#ChartoftheDay According to data from Defillama, Pump.Fun overtook Tether to become the highest-earning protocol in 24 hours on November 25.
Meme coins have been a buzzing sector in the crypto space since the beginning of this year. Riding on this trend, PumpFun became one of the most popular applications in this cycle. Despite the shallow moat and the many copycat projects that emerged, PumpFun dominated the sector with its first-mover advantage and Solana-based positioning.
http://Pump.Fun’s recent revenue growth is partly attributed to its livestream feature, which allows users to promote their tokens through community live streams. However, with the growth comes some reported abuses. It faced backlash over the weekend after a number of violent and unsavory live streams started making the rounds on social media. This led to http://Pump.Fun halting livestream features indefinitely yesterday. As a result, many meme tokens fell sharply.
