Pump.Fun Shatters Revenue Records, Surpasses Next 24 Protocols Including Ethereum and Solana

Pump.enjoyable revenues have soared, however criticism is piling up too because the protocol is accused of “killing” memecoins.
Pump.enjoyable tokens by no means see the sunshine, and most by no means make it to exchanges.
In the course of the Trump-Musk Twitter area, over 10,000 tokens had been generated from the interview, most of them rug-pulled.

Pump.enjoyable, a well-liked memecoin launcher, has shattered income data, even surpassing the overwhelming majority of protocols on Ethereum and Solana.

In line with knowledge from DefiLlama, Pump.enjoyable earned over US$5 million (AU$7.6 million) on August 14, outranking over 20 of the highest-revenue incomes protocols and blockchains mixed. As compared, Ethereum and Solana reported mixed revenues and charges of US$2.3 million (AU$3.5 million) and US$1.6 million (AU$2.4 million), respectively, over the identical interval.

Associated: Solana DEX Volume Plunges 72% Amid Decreasing Interest for Memecoins

Furthermore, within the final 24 hours, the platform has racked up over US$1.85 million (AU$2.8 million) in revenues, barely larger than Jito and Raydium, two of the main DeFi protocols within the Solana ecosystem.

The protocol additionally broke its earlier document excessive, achieved on June 30, by no less than 10x. What’s fascinating —and controversial— about Pump.enjoyable is you could checklist tokens with as little as US$2 (sure, two {dollars}) and little technical information.

Most of those tokens by no means make it to centralised or decentralised exchanges, like Raydium (only one.4% made it to the DEX), as per knowledge from Dune:

In different phrases, most of those tokens fail. This was found in a Dune chart, showcasing how most tokens by no means attain the bonding curve course of, i.e., the so-called commencement section.

In the course of the interview between Donald Trump and Elon Musk, held in a Twitter area on Monday, Pump.enjoyable merchants guess on newly created memecoins derived from the dialogue. So, there’s most likely a memecoin named Tampon on Pump.enjoyable (sure, Tampon was a phrase Trump mentioned in the course of the stay chat).

Associated: Trump Memecoins Tumble as Former President Fails to Mention Crypto in Musk Interview

This has been the centre of accusations in opposition to the venture. However Pump.enjoyable doesn’t care. They’re really happy with it. In the event you assume that the ten,000+ tokens generated in the course of the three-hour dialog between Trump and Musk rug-pulled, then you definitely’ve guessed appropriately.

Hours later, the protocol posted a meme on X that reads: “3 hours. Tens of hundreds within the trenches. 10,000 cash. ARE YOU NOT ENTERTAINED!?”

Customers within the remark part didn’t let that slide.

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