Solana-based platform Pump.fun hit a new record for monthly revenue of $28.73 million in July, according to an August 13 post by Entropia Intel.

- Pump.fun has surpassed Ethereum in revenue in 24 hours: $864,000 vs. $550,000.

- The platform's success is due to the growing interest in memecoins and the launch of celebrity tokens.

However, most memecoins on Pump.fun do not make it to the first DEX, with a success rate of just 1.41%. 📉