Pump.fun’s Monthly Revenue Exceeds $93 Million
Date: 2024-12-04 Author: Gabriel Deangelo Categories: BUSINESS
In November 2024, Pump.fun, a platform specializing in the issuance and trading of meme tokens, achieved a record monthly revenue of $93 million, according to analytical resource DeFiLlama. This result shows a 208% increase in revenue compared to October. The platform’s total revenue since its launch has exceeded $247 million.
According to data from Dune, Pump.fun users have already issued more than 4.2 million meme tokens. The total market capitalization of assets created with the help of this platform is over $6.5 billion, according to CoinGecko.
In October, the Pump.fun development team announced the launch of its own token, and also presented a new trading terminal called Pump Advanced, designed for experienced traders.
However, there were some changes that negatively affected revenue. At the end of November, the platform temporarily stopped streaming, which led to a reduction in revenue by a third. Despite this, the November figure was at its peak due to growing user interest in meme tokens and the expansion of the platform's functionality.
Pump.fun continues to attract attention as one of the most popular platforms for working with meme tokens, confirming the potential of this segment of the crypto market.
