Solana's Pump.fun Surpassed Ethereum's 24-Hour Revenue

IconCryptoNewsTerminal Staff29 Jul, 2024

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Solana's Pump.fun Surpassed Ethereum's 24-Hour Revenue

Pump.fun, a Solana-based meme coin creation tool, has again surpassed Ethereum in terms of 24-hour fee revenue. On July 29, Pump.fun's revenue reached approximately $864K, while Ethereum's revenue stood at around $550K during the same period. This is not the first time Pump.fun has outperformed Ethereum. On June 30, Pump.fun's 24-hour fee revenue reached approximately $2 million, surpassing Ethereum's $1.91 million. Pump.fun's success highlights the growing popularity of Solana as a platform for decentralized applications (dApps). Solana's fast transaction speeds and low fees make it an attractive option for developers. As the popularity of meme coins continues to grow, it is likely that Pump.fun will continue to see success. The platform's user-friendly interface and low fees make it an easy and affordable way for users to create their own meme coins.

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