In the past week, the memecoin launchpad has garnered $3.3 million in revenue, securing its spot as the second-highest earner after Ethereum.
Pump.Fun, an innovative memecoin launchpad platform, has emerged as the second-largest revenue generator in DeFi, trailing only behind the Ethereum network.
This platform offers users the ability to launch tokens on Solana or Blast within minutes, even without any coding experience. During the initial launch phase of a Pump.Fun token, trading occurs along a bonding curve within the platform. Once the token achieves a specific market capitalization milestone, the bonding curve liquidity transitions to Raydium, where the token begins trading on the open market.
Despite a downturn in major memecoins like $WIF and $PEPE over the past month, Pump.Fun’s activity has remained on an upward trajectory. Since March 1, over 450,000 unique tokens have been launched on the platform. Notably, tokens such as $MICHI and $SC have surpassed the $100 million market cap level after starting with a market cap as low as $5,000.
Pump.Fun’s rise to becoming one of the top earners in DeFi reflects the ongoing memecoin frenzy that has characterized 2024.
The platform’s bonding curve mechanism provides “un-ruggable liquidity,” offering users the opportunity to speculate on microcap tokens without concerns about a malicious developer removing liquidity during a traditional token launch. This feature significantly enhances the user experience in high-risk, high-reward microcap trading.
