The service Pump.Fun, based on Solana, has recently collected 1 million SOL in fees, with a growing number of active addresses.
We remind you that the platform allows the creation of low-cost tokens, generating enormous profits thanks to the growing demand for memecoin. Let’s see all the details below.
Pump.Fun collects over 1 million SOL in fees, while active addresses on Solana reach 85,000
The world of cryptocurrencies continues to evolve rapidly, and Solana has emerged as one of the preferred platforms for the launch of new tokens.
Among the services that are riding this wave is Pump.Fun, a token issuer that has achieved surprising results in terms of growth and profits.
Since its launch at the beginning of March, Pump.Fun has facilitated the issuance of over 2.5 million tokens on the Solana blockchain, reaching an important milestone: 1 million SOL in lifetime fees.
The demand for Pump.Fun services is in constant increase, as shown by the most recent data. The number of active addresses has risen to 85,000, of which 37,000 are new wallets created recently.
This significant growth demonstrates the strong interest of users in the launch of new tokens, particularly memecoin, which seem to dominate the market at this moment.
The speculative frenzy around these theme-based cryptocurrencies, particularly those based on intelligenza artificiale, has helped fuel this boom in activity.
Solana has become the preferred platform for creating memecoin thanks to its efficiency and low transaction costs.
Pump.Fun allows anyone to create a token for less than 2 dollars of capital. Thus offering users the possibility to choose the number of tokens to issue, the theme, and even the meme image to associate.
This combination of simplicity and accessibility has attracted a large number of users, with over 5,550 addresses that have issued 7,500 tokens in the last 24 hours alone.
Record profits for Pump.Fun
While interest in token creation continues to grow, Pump.Fun’s profits are also reaching new levels.
The data from Lookonchain indicate that the creators of Pump are raking in huge profits, with a portfolio associated with the service that sold over 6 million dollars in SOL tokens late Monday evening.
This led the overall lifetime sales of the service to over 78 million dollars, equivalent to about 500,000 SOL.
The success of Pump.Fun is closely tied to its ability to meet the demand for decentralized tokenization.
Every time the market capitalization of a token created through the service reaches 69,000 dollars, a portion of the liquidity is deposited in the exchange based on Solana Raydium and a portion is burned.
In this way, it contributes to the stability of the system and ensures an economic return for the developers. This model has allowed Pump.Fun to earn approximately 147 million dollars since its launch, making it one of the most profitable crypto startups.
In any case, Pump.Fun is not limited to operating only on the Solana network. The service is also available on other platforms like Base and Blast, although Solana remains the most used network for the issuance of memecoins.
The ability of Pump.Fun to offer services on multiple blockchains is helping to diversify its business model and attract an even greater number of users from different crypto ecosystems.
This has also allowed the platform to consolidate its position as a leader in the bull sector of tokenization.
All this indicates that, despite the high level of competition in the cryptocurrency sector, Pump.Fun has managed to stand out thanks to its unique offering and focus on simplicity and accessibility.
What does the future hold for Pump.Fun?
With the continuous expansion of the crypto ecosystem and the growing interest in decentralized tokenization, the future of Pump.Fun looks bright.
The increase in the number of new wallets and active addresses indicates that the demand for its services shows no signs of slowing down.
Furthermore, the appeal of memecoins and themed cryptocurrencies continues to capture the attention of investors, making Pump.Fun an ideal platform to leverage this trend.
Despite the significant profits and the growing number of users, Pump.Fun will have to face some challenges in the coming years.
One of these is the necessity to maintain the security and integrity of its platform, ensuring that the tokens issued are not used for fraudulent or illegal activities.
Furthermore, with the expansion across multiple blockchain networks, it will be essential for Pump.Fun to continue improving its technical infrastructure to maintain a smooth and reliable user experience.
