Is the meme coin crazy? Pump.fun's annual income exceeds 470 million US dollars, with an average of over 18,000 new Memecoins born daily.

Pump.fun has generated a total revenue of more than 470 million US dollars in its first year, and the Solana ecosystem has achieved record-breaking DEX volume of 228.87 billion US dollars this month, becoming the first blockchain with DEX volume exceeding 200 billion US dollars. (Background: Pump.fun, an issuance platform for tokens, has not only launched a "one-click issuance" function, but also opened up free issuance of memecoins to users, fueling the memecoin craze in the Solana ecosystem.) In this bull market, well-established public chain Solana has become one of the best incubation grounds for memecoins due to its low Money Laundering costs and smooth trading experience. Pump.fun has sniffed out investors' enthusiasm for memecoins, and has become the preferred platform for users to quickly issue and trade tokens. Therefore, its income from handling fees during the memecoin craze is remarkable. According to Dune data, Pump.fun's total revenue in one year is as high as 471 million US dollars, and the quantity of issued tokens is over 6,693,491. (Pump.fun will be launched in January 2024.) In addition, according to DeFillama data, Pump.fun's annual income ranks sixth among many public chains and protocols, second only to Tether, Ethereum, Circle, Tron, and Solana. Solana becomes the first blockchain with DEX volume exceeding 200 billion US dollars. Influenced by the Trump couple's coin issuance, the DEX volume of the Solana ecosystem has achieved a historic result this month. According to DeFillama data, the DEX volume of Solana this month has reached 228.87 billion US dollars, becoming the first blockchain with DEX volume exceeding 200 billion US dollars. Trump's memecoin is a breakthrough opportunity for Web3. After the coin issuance event of the presidential couple, Jason Yanowitz, co-founder of Blockworks, was surprised to find that this was a historic breakthrough. He cited Chainalysis data indicating that 50% of TRUMP and MELANIA's holders had never bought Solana altcoins before; in addition, 47% of buyers created their wallets on the same day they purchased the tokens, and 83% of holders own sub $1k of SOL assets. Wild stats: 50% of TRUMP/MELANIA holders had never bought a Solana altcoin before. 47% of buyers created their wallets the same day they purchased the tokens. 83% of holders own sub $1k of SOL assets. This really was a historic retail onboarding event. Credit: @chainalysis pic.twitter.com/a4CvCTPoYi — Yano (@JasonYanowitz) January 23, 2025. Related Report: Pump.fun has earned more than $470 million in revenue in a year, and more than 18,000 new memecoins are created daily.