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.