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Pumpdotfun daily revenue higher than Ethereum in July 2024?
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Data from DeFiLlama or equivalent crypto analytics platform
Story
Solana's Pumpdotfun Surpasses Ethereum with $1.99M Daily Revenue
Jul 3, 2024, 12:24 AM
Solana-based memecoin platform Pumpdotfun has surged to the top spot as the leading crypto app, surpassing Ethereum in daily revenue. On July 1, Pumpdotfun generated a record $1.99 million in revenue within a 24-hour period, exceeding Ethereum's $1.91 million revenue on the same day. This marks the first time a Solana protocol has outperformed Ethereum in daily revenue, driven by a $51 billion memecoin craze. Solana itself earned $806,957. According to DeFiLlama, if the current momentum around memecoins sustains, Pumpdotfun is projected to have an annualized revenue of $268.95 million.
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