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Solana-based token deployer, Pump.fun, has achieved a major milestone with its total revenue surpassing 1 million Solana. 
This figure, valued at around $188.5 million, brings Pump.fun close to claiming the $200 million revenue mark. Launched in January, the platform has seen rapid growth, reaching the $100 million milestone last month, in just 217 days.&nbsp; 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1957" height="895" src="https://crypto.news/app/uploads/2024/10/Chart-6.png" alt="Pump.fun earned over 1m Solana, ecosystem market cap reaches $2.3b - 30" class="wp-image-14306940">
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 Pump.fun revenue | Source: <a href="https://dune.com/hashed_official/pumpdotfun" target="_blank" rel="nofollow">Dune</a>
 </figcaption>
</figure> 
As <a href="https://crypto.news/pump-fun-hits-100m-revenue-but-users-criticize-unsustainable-model/" target="_blank">reported</a> by crypto.news, this revenue surge made Pump.fun the fastest application in the crypto scene to claim a revenue of $100 million. Since then, revenue has grown by another $88 million. 
The recent growth spike has been driven by two main factors: an increase in the Solana (<a rel="" href="https://crypto.news/price/solana/">SOL</a>) holdings of Pump.fun and the rising price of Solana itself. Pump.fun has retained much of its SOL holdings despite having <a href="https://crypto.news/pump-fun-sells-10300-sol-worth-1-38m/" target="_blank">sold</a> 264,373 SOL as of early September. 
Notably, amid the recent Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) <a href="https://crypto.news/crypto-turns-green-as-bitcoin-flirts-with-73k/" target="_blank">upsurge</a> toward $73,000, the broader crypto market’s rebound has triggered a <a href="https://crypto.news/solana-price-is-ripe-for-a-breakout-as-ecosystem-booms/" target="_blank">surge</a> in Solana’s value, bringing Pump.fun’s total revenue closer to $200 million. 
 You might also like: <a rel="" href="https://crypto.news/florida-cfo-wants-state-pension-fund-to-invest-in-bitcoin/"> Florida CFO wants state pension fund to invest in Bitcoin </a> 
<h2 class="wp-block-heading" id="pump-fun-ecosystem-goes-bullish">Pump.fun ecosystem goes bullish</h2> 
The Pump.fun ecosystem is also experiencing significant growth. The market cap of meme coins created within the ecosystem has risen by 8.8% in 24 hours, reaching a combined value of $2.31 billion, according to <a href="https://www.coingecko.com/en/categories/pump-fun" target="_blank" rel="nofollow">data</a> from CoinGecko.&nbsp; 
Leading this charge is Goatseus Maximus (<a href="https://crypto.news/price/goat/" target="_blank">GOAT</a>), the ecosystem’s largest token, with a <a href="https://crypto.news/how-ai-bot-funded-by-a16z-spurred-the-creation-of-a-850m-meme-coin/" target="_blank">valuation</a> of $620 million, accounting for 26.8% of the total market cap.&nbsp; 
Other major players in the ecosystem include Fwog (FWOG), with a market cap of $262.29 million, and Moo Deng (MOODENG), valued at $223 million.&nbsp; 
Meanwhile, Pump.fun’s daily transaction volume has also seen a substantial uptick. As of Oct. 26, the daily transaction count had slumped to a two-week low of 21,137. However, a recovery began immediately, as interest spiked due to the broader market recovery. 
As a result, total transactions spiked to 34,462 yesterday—the highest in five days. This brought Pump.fun’s total transaction count to 2.82 million. 
 Read more: <a rel="" href="https://crypto.news/spot-bitcoin-etfs-recorded-5-month-high-inflows-of-870m/"> Spot Bitcoin ETFs recorded 5-month high inflows of $870m </a>

Pump.fun earned over 1m Solana, ecosystem market cap reaches $2.3b

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