Solana platform Pump.fun total revenue exceeds 800 million USD and competes fiercely with emerging competitors.

According to data from 【币界】, the total revenue of the memecoin launch platform Pump.fun based on Solana has exceeded 800 million dollars. On-chain analysis shows that the platform has accumulated fees worth 800,668,932 dollars. Pump generates revenue by charging a 1% exchange fee on all Token transactions on the platform. Before launching its own DEX PumpSwap, the platform will charge fees when the Token reaches a specific market capitalization and "upgrades" to Raydium.

Although Pump led the memecoin craze that emerged last year, it faces increasingly fierce competition from LetsBonk.fun, a newer Solana memecoin platform. Since its launch in April 2025, Let'sBonk has seen significant growth, thanks to its integration with Raydium LaunchLab and support from the Bonk memecoin community. Last month, LetsBonk surpassed Pump in the number of tokens on memecoin issuance platforms, becoming the leader. However, Pump has recently reclaimed the top position. Some analysts attribute this change to the migration of the top ten memecoin deployers on LetsBonk to Pump.

The daily revenue of Pump has remained stable at over 1 million dollars, while the daily revenue of LetsBonk has plummeted from around 1 million dollars at the beginning of this month to below 30,000 dollars. Meanwhile, Pump launched its native Token through the initial coin offering (ICO) last month, raising 600 million dollars in just 12 minutes. The platform is currently repurchasing Tokens at prices far above the market price to stabilize its price.

Solana has recently lost its dominant memecoin network status, replaced by Base, which was incubated by Coinbase. The recently launched Base App integrates a decentralized social media platform called Zora, which automatically mints posts into ERC-20 Tokens. Data shows that Base launched 57,970 memecoins on Monday, while Solana introduced 32,760.