Pump.fun, a Solana-based memecoin launchpad, generated approximately $12 million in 7-day revenue, ranking third behind Tether ($111.88 million) and Circle ($44.45 million). The protocol earned $40.51 million over 30 days and over $1.2 billion in cumulative revenue since its launch in early 2024. The platform generates revenue through bonding-curve trading fees, graduation fees when tokens migrate to DEXs, and its PumpSwap trading product. Half of its revenue feeds a buyback-and-burn mechanism for the PUMP token. Memecoin trading activity has allowed Pump.fun to consistently outperform major DeFi platforms including Hyperliquid, reinforcing Solana’s position as the preferred chain for retail-driven crypto activity.
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