The Solana-based platform for launching and trading meme tokens, Pump.fun, achieved a record revenue of $93 million in November, according to data from DeFi Llama.
Compared to October, this figure represents an increase of approximately 208%. The platform’s cumulative revenue has reached $247 million.
According to a dashboard on Dune, more than 4.2 million meme tokens have been issued on Pump.fun to date.
The total market capitalization of assets generated by the service exceeds $6.5 billion, as reported by CoinGecko.
In October, Pump.fun developers announced plans to launch a token and introduced the Pump Advanced trading terminal with enhanced features for advanced users.
At the end of November, the platform disabled streaming, leading to a one-third drop in revenue.