#ChartoftheDay Solana-based memecoin launchpad Pump.Fun hit $100 million in revenue in a record time of merely 217 days since it debuted in January, according to data from Dune Analytics. This makes it the fastest-growing dapp by revenue growth in the crypto ecosystem.

Currently, over 1 million tokens are deployed on Pump.Fun. Despite the recent cooling of the market, Pump.Fun’s ecosystem and revenue have taken off since this May.

Amid retail traders’ dislikes for VC coins with high FDV and low float, memecoins that distribute the entire available supply at launch became favored. Against this backdrop, leveraging Solana’s high TPS and low fees, Pump.Fun quickly rose to prominence.

Although many copycat projects were churned out, Pump.Fun has always controlled the majority of market shares. Leading Solana DEX Raydium also benefited greatly from handling tokens migrated from Pump.Fun.

Recently, the rise of memecoins on the Tron ecosystem has partially directed away the attention and the associated liquidity, but Pump.Fun has maintained a positive daily revenue of over $300,000 every day.

Nevertheless, as Pump.Fun rose because of the meme coin fever, considering the short-lived nature of most meme coin projects, whether Pump.Fun’s success will be sustainable depends highly on overall market sentiments and opinions on meme coins.