​Pump.fun, a Solana-based meme coin launch platform, generated $2 million in revenue within 24 hours

In a remarkable feat, Pump.fun, a Solana-based meme coin launchpad, has generated $2 million in revenue within 24 hours, placing it among the top revenue earners in the cryptocurrency sector.

According to data from Token Terminal, Pump.fun’s recent performance has seen it surpass Tron and trail only stablecoin giants Tether and Circle. Despite a broader market decline, with meme coin market caps down 50% since the start of the year, Pump.fun has managed to maintain its growth momentum, reports BeInCrypto.

Its current revenue remains below its $7 million peak but continues to outpace Ethereum in total fee revenue for 2025, holding the top spot for weekly fee generation for nine consecutive weeks.

PumpSwap Fuels Earnings, User Engagement Surges

A key factor in Pump.fun’s ongoing success is its token swapping service, PumpSwap, which now generates $300,000 in daily revenue — accounting for 15% of the platform’s daily income.

Beyond financial transactions, Pump.fun has positioned itself as a hub for rapid information dissemination, with news often appearing on the platform before mainstream media picks it up. This dynamic has attracted traders seeking to capitalize on timely information, resulting in 30,000 new tokens launched daily and a 50% increase in trading volume in May.

Solana Dominates Meme Coin Market as Pump.fun Gains Traction

Pump.fun’s activity has also bolstered Solana’s dominance in the token market. With over 350,000 active wallets and $300 million in daily trading volume, Pump.fun has helped Solana account for more than 60% of all tracked tokens, according to CoinMarketCap.

As the meme coin market continues to cool, Pump.fun’s sustained revenue performance highlights the platform’s effective business model and its unique role as a news-driven trading hub within the crypto ecosystem.

Recently we wrote that Pump.fun, a Solana-based meme coin launchpad, has sent over $16 million worth of SOL to Kraken, triggering renewed speculation about profit-taking behavior as interest in Solana’s meme coin sector rebounds.