Pump.fun Surpasses Ethereum in Daily Revenue

On July 1, the daily revenue on the Solana-based meme token launch platform Pump.fun reached $1.99 million, surpassing that of the Ethereum network ($1.91 million), according to DeFi Llama.

According to Dune Analytics, on July 1, an additional 11,528 tokens were launched on the platform, bringing the total to 1,199,685. Pump.fun’s cumulative revenue reached 346,613 SOL (~$51.3 million).

At the end of June, ForkLog reported a 30% decrease in the platform’s daily fees over the week amid waning investor risk appetite.

Earlier, the cryptocurrency data service DEX Screener launched a competing meme coin creation platform on Solana called Moonshot.