Solana Memecoin Platform PumpdotFun Tops Ethereum with $1.99M Revenue in 24 Hours

Jul 2, 2024, 04:14 PM

Solana-based memecoin platform PumpdotFun has surged to the top spot as the leading crypto app, surpassing Ethereum with a staggering $1.99 million in revenue generated over the last 24 hours. This record-breaking performance has been driven by a $51 billion memecoin craze. According to DeFiLlama, PumpdotFun captured $1.99 million in fees on July 1, setting a new record and surpassing Ethereum’s fee revenue of $1.91 million on the same day. If the current momentum around memecoins sustains, PumpdotFun is projected to have an annualized revenue of $268.95 million. The platform's rapid ascent underscores the growing influence of memecoins in the cryptocurrency market, exceeding other layer 1 blockchain networks like Solana and Tron.