On January 19, the “meme token factory” Pump.fun, based on Solana, celebrated its first anniversary. Since its launch, the platform’s total revenue from fees has reached $431 million.
pump fun officially turns 1 today!!! ???
from ups & downs, tops & bottoms, we want to thank every single one of our users for making pumpfun what it is today ??
our users TRULY put the FUN in pump fun, and we can’t wait to see what this golden year will bring ?? pic.twitter.com/RJnIV0a6EJ
— pump.fun (@pumpdotfun) January 19, 2025
According to the Dune dashboard, users have launched over 6.3 million coins through Pump.fun, with a total capitalization exceeding $5 billion.
At the time of writing, the protocol accounts for approximately 10.8 million unique addresses. Over the past two weeks, trading volume reached $3.44 billion.
However, by the end of December 2024, only 14,026 tokens out of the 1.2 million launched (1.16%) reached the bonding curve and were listed on the decentralized exchange Raydium.
One of Pump.fun’s co-founders, under the pseudonym alon, highlighted several achievements of the platform over the past year:
- more than $1 billion in SOL locked in liquidity pools;
- over 70% of the top 50 coins on the platform are AI-themed;
- several coins like FARTCOIN, PNUT, and GOAT have been listed on major exchanges;
- the project employs over 80 staff members.
He also mentioned some setbacks, including a hack, a FUD attack, and the discontinuation of the streaming feature following community misuse.
“Pump.fun is the largest crypto-social network, aiming to bring a vast array of opportunities (both financial and non-financial) and entertainment that the crypto space offers to the masses. Pump.fun is no longer just about meme coins: startups are launching on [the platform] to access large volumes of liquidity and users eager to experiment with new products. […] Big events are on the horizon,” concluded alon.
Earlier in January, the New York-based law firm Burwick Law announced the preparation of a lawsuit against Pump.fun on behalf of investors who lost “significant sums” in meme coins.