According to TechFlow, the cumulative revenue of the Solana-based memecoin startup platform Pump.fun has exceeded $50 million, according to The Block. According to DefiLlama data, the platform has generated more than $598,000 in revenue in the past 24 hours.
Pump.fun quickly rose to prominence during the recent meme token craze, having helped launch more than 1.18 million memecoins thanks to its ease of use and Solana’s low transaction fees. Although the platform's daily fees have declined recently due to unfavorable market conditions, its high activity and significant fee revenue demonstrate high user engagement and generate significant economic activity for Solana.
Meanwhile, Dexscreener launched rival memecoin startup Moonshot, also based on Solana, which has amassed nearly $500,000 in revenue in its first week.
