Pump.fun surpasses $800 million in lifetime revenue as Solana memecoin launchpad competition heats up
Solana-based memecoin launchpad Pump.fun surpassed $800 million in lifetime revenue, data shows.
According to a Dune dashboard from pseudonymous onchain analyst @adam_tehc, the platform has accumulated $800,668,932 worth of fees.
Pump generates revenue by collecting a 1% swap fee on all token transactions on the platform. Before launching its own DEX PumpSwap, the platform charged a fee when a token "graduated" to Raydium after reaching a specific market capitalization.
While Pump spearheaded the memecoin frenzy that started last year, it has seen growing competition from LetsBonk.fun, a newer Solana memecoin platform. Let'sBonk has shown significant growth since its launch in April 2025, driven by its integration with Raydium's LaunchLab and support from the Bonk memecoin community.
LetsBonk had become the dominant memecoin launchpad over Pump last month in terms of the number of graduated tokens. However, Pump recently reclaimed the top spot, where popular crypto trader @WazzCrypto attributed the change to the top 10 memecoin deployers on LetsBonk, migrating to Pump.
Pump is seen making a consistent daily revenue of over $1 million, while LetsBonk's daily revenue has plummeted below $30,000 from around $1 million earlier this month.
Meanwhile, Pump launched its native token last month in an initial coin offering, raising $600 million in just 12 minutes. The platform is currently executing a buyback of the token at a price significantly higher than that of the market, to stabilize its price.
Solana itself recently lost its position as the dominant memecoin network over Coinbase-incubated Base. The recently launched Base App incorporates a decentralized social media platform Zora, which automatically mints posts as ERC-20 tokens.
The Block's data dashboard shows that Base had 57,970 memecoins launched on Monday, while Solana had 32,760.
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