According to Wu, according to DeFiLlama data, Solana Memecoins launch platform Pump fun's fee income reached $1.99 million on July 1, 2024, setting a new record and surpassing Ethereum's fee income on the same day ($1.91 million), becoming the highest-earning protocol and application in the statistics. Pump fun enables one-click deployment of tokens, which can be traded immediately without providing liquidity, and has now become the main venue for Solana Memecoins launches.