EddieJayonCrypto

 2 Jul 24

tl;dr

Pump.fun has become the top revenue generator in the blockchain and protocol space over the past 24 hours, surpassing Ethereum. A total of 11,528 tokens were deployed on Monday, bringing the cumulative total to 1.2 million. This surge in token creation is linked to the trend of celebrity-themed meme...

Pump.fun has surpassed Ethereum to become the top revenue generator in the blockchain and protocol space within the last 24 hours. This achievement has been driven by a surge in celebrity-themed meme coins, with 11,528 tokens deployed on Monday, bringing the total to 1.2 million. The platform's daily revenue reached $2 million, exceeding Ethereum's $1.91 million, and its cumulative revenue has now reached $50.9 million. With the potential annual revenue surpassing $66 million, Pump.fun has established itself as a significant player in the cryptocurrency space.


The increase in token creation is attributed to the rising trend of celebrity-themed meme coins, with celebrities setting up meme coins on Solana. Users are creating tokens on Pump.fun in hopes of gaining viral attention and increasing value. However, it's important to note that the relatively lower cost of operating on Solana compared to Ethereum may make it easier for bad actors to create tokens and conduct fraudulent activities.

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