Solana

Memecoin

Million

Change

Pump.Fun, a memecoin generator on the Solana blockchain, is set to surpass $100 million in total revenue just eight months after its launch.
<h2 id="pump-fun-nears-100-million-in-total-revenue-within-eight-months-of-launch">Pump.Fun Nears $100 Million in Total Revenue Within Eight Months of Launch</h2>
According to data from DeFiLlama, the platform’s current revenue has reached $94.5 million, a significant jump from $50 million at the end of June.
The platform, which allows users to easily create and trade memecoins, has facilitated the distribution of over 1.8 million tokens since its launch in early 2024.
Pump.Fun’s success is largely due to Solana’s attachment curve pricing model, which offers low transaction costs and predictable price increases as more buyers enter the market.
Under this model, coins start at a base price and as demand increases, the price rises to predetermined levels.
Related News: <a href="https://en.bitcoinsistemi.com/the-date-for-the-long-awaited-change-has-been-announced-this-altcoin-will-now-be-released-as-pol-token/" target="_blank" rel="noopener noreferrer nofollow">The Date for the Long-Awaited Change Has Been Announced! This Altcoin Will Now Be Released as POL Token!</a>
Despite the platform’s popularity, only 1.4% of tokens deployed on Pump.Fun have made it to Raydium, a major decentralized exchange on Solana. This statistic highlights the fast-paced but often short-lived nature of most memecoins generated on the platform.
Pump.Fun primarily generates revenue through a 1% fee taken from all transactions made on the platform. Given the high volume of token creation and trading, these fees have increased rapidly, contributing to the platform’s explosive growth.
The platform recently completely eliminated user token distribution costs and introduced a rewards system that offers 0.5 SOL (approximately $80) to creators whose tokens reach a certain threshold in the bonding curve. This move has further accelerated the pace of new token launches.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/memecoin-craze-continues-memecoin-generator-platform-nears-100-million-revenue/" rel="noopener noreferrer nofollow">Memecoin Craze Continues! Memecoin Generator Platform Nears $100 Million Revenue!</a>

Memecoin Craze Continues! Memecoin Generator Platform Nears $100 Million Revenue!

Table of Contents

Bitcoin Sistemi EN

Other articles published on Aug 19, 2024

Can Rollblock Push Immutable (IMX) and Arweave (AR) Out Of The Top 50 Cryptos?

Yandex bans crypto ads

Top Tap-to-Earn Games to Play in 2024

Marathon Digital Acquires $249M in Bitcoin Following $300M Senior Note Offering

Could These Top Altcoins Make You a Millionaire in 2024

Bitcoin Analysts Expect Year-End Recovery

Join our free newsletter for daily crypto updates!