Key Points
- Pump.fun is the fastest-growing application by revenue in crypto history.
- The app reached $100 million in revenue in 217 days.
Pump.fun, the memecoin platform on Solana, became the fastest-growing application by revenue in the history of crypto.
According to official reports, Pump.fun, reached $100 million in revenue in just 217 days.
Pump.fun is followed by ENA and CVX which reached $100 million in revenue in 251 and 306 days respectively.
Also, according to the same data from Ryan Watkins, data-focused hedge fund Syncracy Capital’s co-founder, Pump.fun was the fastest app that reached $50 million in revenue in just 158 days, followed by the platforms mentioned above in 167 and 197 days.
Syncracy also cited data from Token Terminal and DeFi Llama.
Revenues are made up of the total fees that the platform charges users minus the portion that’s paid out to their liquidity providers.
Pump.fun Overview
According to official data from Dune, as of September 2, Pump.fun’s total fees in USD since March 1st totaled over $105.7 million.
Also, according to the same data, the total fees in SOL since March 1st totaled 685,591 SOL worth over $92.3 million at current prices.
Pump.fun reached its peak in daily fees on August 11, reaching over $697,000.
Pump.fun’s record revenue followed the Solana-based protocol’s adoption by degens who continued building on the platform. This makes Solana’s Pump.fun a great “trojan horse” for consumer adoption of blockchains, as Watkins said in his X post on September 2.
Revenue is only one metric important for measuring success, as active addresses interacting with Pump’s contracts are also important.
Data from Dune reveals that September 2 recorded over 40,000 active addresses with more than 18,000 new addresses.
Top Pump.fun Coins With Highest 24-Hour Transactions
According to Gecko Terminal data, today, Pump.fun has a 24-hour transaction of $6.22 million with a trading volume of over $170 million.
Their list includes TOMMY with 62,890 transactions, APES with 14,718 transactions, and PACO with over 73,000 transactions in 24 hours, among others.
Pump.fun is a Solana-based marketplace that allows users to create and distribute their tokens, especially memecoins.
