TL;DR
- Pump.fun, Solana’s largest memecoin launchpad, has surpassed $800 million in lifetime revenue thanks to its 1% swap fee model.
- The platform recently regained dominance over rival LetsBonk after a temporary loss in market share.
- Data shows Pump.fun now commands more than 73% of Solana’s memecoin launchpad activity, supported by record trading volumes and steady daily revenues above $1 million.
Pump.fun, the Solana-based memecoin launchpad, has crossed the $800 million milestone in cumulative revenue, a figure that reflects both the scale and speed of the current memecoin boom. Fueled by a 1% transaction fee, Pump.fun has quickly become one of the most profitable DeFi platforms on Solana, even as competition from newer entrants intensifies.
According to on-chain data, Pump.fun generated more than $13 million in fees during mid-August alone, marking its strongest week since February. This surge followed a market correction earlier in the month, when memecoin capitalization briefly dipped by nearly $16 billion. The rebound has once again placed Pump.fun at the center of Solana’s trading activity, with millions of tokens being minted and swapped daily.
Rising Competition And Rapid Recovery
While Pump.fun pioneered the Solana memecoin frenzy in 2024, rival platforms like LetsBonk.fun briefly captured significant market share this summer. LetsBonk surged in popularity through its integration with Raydium and backing from the Bonk community, even overtaking Pump.fun in token graduations last month. However, recent data shows that Pump has reclaimed the lead, largely because top memecoin deployers migrated back to its ecosystem.
The shift has been dramatic. LetsBonk, which once reported nearly $1 million in daily fees, has seen its revenue collapse to under $30,000. By contrast, Pump.fun now maintains consistent seven-figure daily revenues, underlining the strength of its liquidity and user base. Analysts credit its in-house DEX, PumpSwap, and the recent token offering that raised $600 million in minutes as catalysts for this dominance.
Pump.fun Strengthens Solana’s Position
Pump.fun’s resurgence also helps reinforce Solana’s status as a premier chain for high-volume retail trading, even as competition from Coinbase-backed Base grows. Base has recently become a hub for experimental social and tokenized apps, but Solana still retains one of the most active and speculative memecoin markets in crypto.
With over 162,000 new token mints and more than 1.3 million active traders recorded in a single week, Pump.fun has shown that memecoins remain a powerful driver of activity on Solana. For many investors, the platform’s success signals not only the resilience of memecoins but also the ongoing evolution of Solana’s DeFi landscape.