Solana News Today: Pump.fun Surpasses $800M in Fees as Solana Memecoin Boom Accelerates

Pump.fun, a Solana-based platform for creating and trading memecoins, has surpassed $800 million in lifetime revenue, according to data from blockchain analytics platforms. The platform collects fees through a 1% swap fee on token transactions, and the total has reached $800.7 million since its launch, as reported on a Dune dashboard by onchain analyst @adam_tehc. Previously, Pump earned revenue by charging fees when memecoin projects “graduated” to Raydium, a decentralized exchange on the Solana network, upon reaching a specific market capitalization threshold [1].

The platform has played a pivotal role in fueling Solana’s memecoin boom, despite facing competition from alternatives such as LetsBonk.fun. Although LetsBonk briefly overtook Pump in the number of tokens reaching the "graduated" stage in July, Pump has since regained its lead as several top deployers shifted back to its platform. Crypto trader @WazzCrypto noted on social media that the top 10 deployers on LetsBonk had migrated to Pump [1].

Pump’s dominance has been reinforced by its strong revenue generation. In recent weeks, it has earned over $1 million daily, while LetsBonk’s daily revenue has declined significantly to under $30,000, a sharp drop from the $1 million it recorded earlier this month [1]. Additionally, between August 11 and August 17, Pump generated $13.48 million in weekly revenue, the highest since February 2025, capturing a 73% market share in the Solana launchpad space [2].

In a strategic move last month, Pump launched its own token and raised $600 million within 12 minutes during an initial coin offering. The platform has since initiated a buyback program at a premium to the market price, with a total of $33 million already allocated to repurchases, signaling confidence in its long-term strategy [3].

The broader memecoin landscape continues to evolve. While Solana remained a dominant player in the sector throughout much of 2024, it has recently been overtaken by Base, the blockchain incubated by Coinbase. Base has introduced the Base App, which integrates token trading with decentralized social media features and automatically mints posts as ERC-20 tokens via the Zora protocol [1].

Pump.fun’s $800 million in revenue highlights its growing influence in the Solana memecoin ecosystem. The platform’s success reflects the increasing demand for fast, low-cost transactions on the Solana network, which has become a key infrastructure for high-velocity memecoin activity [4]. As the competition among launchpads intensifies, Pump.fun’s ability to sustain a high revenue stream underscores its established position in the market [5].

Source: [1] Solana's Pump.fun Blows Past $800M Fees as Memecoin Mania Accelerates (https://crypto-economy.com/solanas-pump-fun-blows-past-800m-fees-as-memecoin-mania-accelerates/)

[2] Pump.fun Hits $800M in Fees as Heaven Claims 15% Solana Launchpad Share (https://www.ainvest.com/news/solana-news-today-pump-fun-hits-800m-fees-heaven-claims-15-solana-launchpad-share-2508/)

[3] Pump.fun Reclaims Solana Memecoin Lead With $800M Revenue and $33M Buyback (https://coincentral.com/pump-fun-reclaims-solana-memecoin-lead-with-800m-revenue/)

[4] Pump.fun Posts Record Revenue Week as Memecoins Surge in August (https://www.livebitcoinnews.com/pump-fun-posts-record-revenue-week-as-memecoins-surge-in-august/)

[5] Pump.fun Regains Leadership on Solana as Memecoin Activity Surges (https://www.cointribune.com/en/crypto-pump-fun-establishes-itself-again-as-leader-on-solana-driven-by-memecoins/)