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Share link:In this post: Pump.fun has reached $100 million in cumulative revenue within eight months of launch. The Solana-based memecoin deployer has launched 1.92 million tokens and could soon hit the two million mark. Other blockchain networks like TRON have begun copying the Pump.fun idea.
Solana-based memecoin deployer Pump.fun has reached $100 million in generated revenue. The platform launched in January reached the milestone in just eight months, highlighting the rate of memecoin activity on Solana.
Despite the milestone, the crypto community has criticized it, with many describing the platform as a casino. However, that has not prevented other networks from implementing similar platforms to rival Pump.fun’s dominance.
Pump.fun’s total tokens approach 2 million
Pump.fun’s journey to $100 million in revenue has been remarkable. The platform reached the $50 million milestone in July, just six months after launch, and doubled revenue in the last two months. Within the eight months of its existence, it has also launched 1.92 million tokens and is now closer to hitting 2 million.
The platform’s success results from its innovative approach to launching tokens. It has a binding curve that simplifies the token creation process, allowing anyone to create a cryptocurrency for just $2 and then get it listed on Raydium decentralized exchange after it reaches a specific market cap. Its seamless use has made it attractive for creating memecoins.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.