Pump.fun, a meme coin platform on the Solana blockchain, has reached a new revenue record, surpassing popular platform Hyperliquid.
Pump.fun Achievements
Pump.fun has achieved a 24-hour revenue of $2.55 million, placing it third among crypto platforms. The platform charges a flat 0.05% fee on all token transactions and has created over 12.69 million meme coins since its launch in January 2024.
Market Positions
According to DeFiLlama, Pump.fun has surpassed Hyperliquid, which is now in fourth place with $2.44 million in revenue. Tether and Circle remain in first and second place with revenues of $21.25 million and $7.55 million, respectively. Pump.fun's cumulative revenue currently stands at $784.56 million.
Leadership Shift
Despite Hyperliquid's activity, Pump.fun has outpaced it, indicating a return of user interest in meme coins. Initiatives for token buybacks have also contributed to price increases on the platform, with an intraday rise of over 5%.
The success of Pump.fun demonstrates a notable shift in interests within the cryptocurrency market, as users turn their attention back to meme coins, which may become a new trend.
