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Pump.fun flips Ethereum in 24-hour revenue generation — DefiLlama

Pump.fun flips Ethereum in 24-hour revenue generation — DefiLlama

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Source: Coin Telegraph

The Solana memecoin creation tool’s cumulative fee revenues are approaching $75 million, according to DefiLlama.

Solana memecoin creation tool pump.fun surpassed Ethereum in 24-hour revenue on July 29, according to data from DefiLlama. 

Pump.fun pulled approximately $864,000 over the last 24 hours as of mid-day July 29, significantly outpacing Ethereum, which clocked around $550,000 during the same period, according to the data.

This is not the first time pump.fun’s revenue eclipsed Ethereum’s. On June 30, the memecoin platform’s 24 hour revenue hit an all time high of nearly $2 million, slightly surpassing Ethereum’s $1.91 million during the same period.

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Author: Alex O’Donnell