Memecoin launchpad pump.fun surges as leading DeFi earner

Memecoin launchpad pump.fun achieves record-breaking revenue in DeFi

Pump.Fun, a leading memecoin launchpad, has reported the highest gross revenue in the decentralized finance (DeFi) sector over the past 24 hours, surpassing even Ethereum. According to DeFiLlama, the platform generated $2.31 million in fees within the last day, outpacing Ethereum’s $2.29 million. This remarkable performance positions Pump.Fun as the top revenue generator in DeFi.

In addition to this impressive daily revenue, Pump.Fun is on track to achieve an annualized revenue of $315 million, with an average daily revenue of $906,160 over the past week. The platform's surge in revenue is largely driven by the ongoing memecoin craze, particularly those based on the Solana blockchain, which has become the preferred choice for on-chain enthusiasts.

The memecoin market has seen exponential growth, with CoinMarketCap reporting a market value of $48.19 billion for the sector. This figure only accounts for the top memecoins tracked by the website, indicating that the actual market size is likely much larger due to the daily launch of numerous new tokens across various blockchains.

Pump.Fun has played a pivotal role in this memecoin boom, having created over 1.5 million memecoins since its inception earlier this year. Solana-based tokens account for 85% of these new creations, many of which are traded on decentralized exchanges.

Additional insights

Pump.Fun's innovative approach and user-friendly platform have attracted a diverse community of developers and investors, contributing to its rapid growth. The platform's success underscores the potential of memecoins in the DeFi landscape and highlights the significant revenue opportunities within this niche market.

As the memecoin phenomenon continues to gain momentum, Pump.Fun is poised to maintain its leadership position in DeFi revenue generation. The platform's ability to adapt to market trends and support a wide array of blockchain projects makes it a key player in the ongoing evolution of decentralized finance.

Pump.fun empowers users to launch tokens with ease

Pump.Fun attracts users with its intuitive interface, enabling even those without technical expertise to create their own tokens within minutes. For a minimal fee of $2, users can launch a token without needing to provide initial liquidity.

These newly minted tokens trade along a bonding curve until they achieve a market capitalization of approximately $75,000. At this juncture, the bonding curve is converted to Raydium, establishing a stable liquidity pool.

Pump.Fun's revenue model is based on a 1% fee applied to transactions on the platform. However, once a token transitions to Raydium, this fee can no longer be applied.

Political memecoins experience a turbulent week

The crypto market has recently seen a surge in memecoins inspired by U.S. political figures. These tokens often feature cartoon avatars and intentionally misspelled names of the candidates.

Political memecoins, or PolitiFi tokens, have shown significant volatility since the election season began. This volatility spiked further when Kamala Harris secured the Democratic nomination following Joe Biden’s withdrawal.

Coins such as Kamala Horris, Jeo Biden, and Donald Tremp are experiencing rapid value fluctuations as traders navigate the unpredictable crypto landscape.

KAMA, a Solana-based memecoin inspired by Vice President Harris, launched on May 30 at $0.0006. It has since soared by 3,875%, surpassing the $0.02 mark and reaching a fully diluted market valuation of $25.4 million.

This rise mirrors Harris’s increasing momentum as she prepares for the November election against Trump. According to her campaign team, $100 million has been donated since her campaign launch, with an unprecedented $81 million raised on the first day alone.

Conversely, Trump-related memecoins have seen significant declines despite his favorable stance on cryptocurrency. The leading token, MAGA (TRUMP), has dropped over 22% in the past month.

Similarly, Jeo Boden has decreased by more than 25% in the past week. Currently valued at $0.01163, the coin has plummeted over 66% from its all-time high of $1.07 recorded in April.

Additional insights

The rising interest in political memecoins reflects a unique intersection of politics and cryptocurrency, capturing the imagination of both traders and political enthusiasts. As the election season progresses, these tokens may continue to experience dramatic swings, influenced by political developments and market sentiment.

Pump.Fun’s success demonstrates the potential for user-friendly platforms to drive innovation and revenue in the DeFi space. By lowering the barriers to token creation, Pump.Fun empowers a diverse range of users to participate in the burgeoning memecoin market, further fueling its growth.