TechFlow news, according to DeFiLlama data, Pump.Fun, a meme coin platform in the Solana ecosystem, has generated cumulative revenue of $94.5 million to date, a significant increase from $50 million at the end of June.
Since its launch earlier this year, Pump.Fun has facilitated the deployment of over 1.8 million meme coins, largely driven by Solana's low transaction costs. The platform uses a bonding curve model that makes price movements more predictable. Out of the 1.8 million tokens created, only 1.4% have successfully made it onto Raydium.
Pump.Fun primarily earns revenue through a 1% transaction fee and high trading volume. Recently, the platform eliminated user fees for token deployment and began rewarding creators with 0.5 SOL (approximately $80) when a token crosses the bonding curve.
