Wu said that according to DeFiLlama data, the Solana Memecoins launch platform Pump fun captured a record high of $1.99 million in fees on July 1, surpassing the fee revenue captured by Ethereum on the same day ($1.91 million), making it 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 become the main venue for Solana Memecoins launches.