PANews reported on August 20th that according to The Block, Pump.fun, the Solana Memecoin issuance platform, has accumulated revenue exceeding $800 million, primarily from 1% transaction fees. The platform recently regained its lead in graduated tokens as top Memecoin deployers from LetsBonk.fun migrated to Pump.fun. Pump.fun’s daily revenue consistently exceeds $1 million, while LetsBonk.fun’s has fallen below $30,000. Furthermore, Pump.fun raised $600 million in 12 minutes through its initial coin offering last month and is currently buying back tokens at above-market prices to stabilize the price. Solana was recently surpassed by the Base network, with Base launching 57,970 Memecoins in a single day, compared to Solana’s 32,760.