Over the weekend, Pump.fun, a platform specializing in meme coin creation, dominated more than 70% of the total tokens launched on the Solana network. This is the highest dominance since the platform disabled its controversial livestream feature in November 2024.
Pump.fun: Dominating Solana Tokens
• 71.1% of tokens on $SOL were created through Pump.fun on Saturday, and 69.5% on Sunday, according to data from Dune.
• Since the beginning of the year, over 5.5 million tokens have been created on Pump.fun, making this platform the top choice for the meme coin community.
The main reason why Pump.fun is popular is its simple interface, allowing users to create tokens in just a few minutes, regardless of technical or financial ability.
Controversial Past and Sustainable Development
Previously, Pump.fun reached a peak of 75.5% market share of Solana tokens thanks to its unique livestream feature. However, negative behaviors such as:
• Shooting through the window
• Beheading a chicken
• Staged suicide
… has caused a strong backlash from the community, forcing Pump.fun to remove this feature in November.
Subsequently, the platform's market share dropped to 53% by mid-December 2024 but quickly recovered, reaching 71% by the end of the month.
AI Application: A New Step for Pump.fun
Pump.fun is not only the place where #meme_coin is 'born' but also an experimental environment for artificial intelligence (AI) applications:
• AI agents use the platform to create tokens, fundraise, and expand their brands.
• This helps Pump.fun continue to attract users, even after abandoning controversial features.
Impressive Revenue
According to DefiLlama, Pump.fun achieved a monthly revenue of 79.94 million USD, surpassing major blockchains like Tron ($TRX ) and Bitcoin ($BTC ). This confirms the platform's position in the crypto ecosystem.
Conclusion
Pump.fun is not only a launchpad platform but has also become an indispensable part of the Solana network, helping to promote the development of meme coins and creative applications. With the power of AI technology and community support, this platform is laying the groundwork for a new era of crypto. 🚀
