Pump.fun Surpasses Ethereum in Daily Fee Revenue Amid Meme Coin Mania

IconCryptoNewsTerminal Staff02 Jul, 2024

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Pump.fun Surpasses Ethereum in Daily Fee Revenue Amid Meme Coin Mania

Pump.fun, a launchpad platform exclusively for meme tokens, has surpassed Ethereum in terms of daily fee revenue, demonstrating the growing popularity of meme coins. According to data from DeFi Llama, Pump.fun generated a daily revenue of $1.99 million as of 1 pm (local time) on August 1st. This figure surpassed Ethereum's daily revenue of $1.91 million and Solana's $800,000 on the same day. The surge in Pump.fun's revenue is attributed to the ongoing craze for meme coins, with the platform facilitating the creation and trading of these coins on the Solana and Blast blockchains. Pump.fun's success highlights the growing demand for meme coins and the potential for meme-based projects to generate significant revenue.

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