Celebrity-Inspired Meme Coins Boost Pump.fun Revenue Surpassing Ethereum

Celebrity-themed meme coins have fueled a remarkable surge in revenue for token launchpad Pump.fun, propelling the platform’s daily earnings above those of the Ethereum blockchain for the first time. In the past 24 hours, Pump.fun recorded $2 million in revenue, surpassing Ethereum’s $1.91 million, establishing itself as the highest revenue generator across all blockchains, as per data from DefiLlama.

Key Statistics and Growth

• On Monday, 11,528 tokens were deployed on Pump.fun, bringing the total number of tokens on the platform to 1,199,685.
• The cumulative revenue on Pump.fun has now reached an impressive $50.9 million.
• In March, Pump.fun was projected to hit $66 million in annual revenue, a milestone likely to be exceeded given the current activity levels.

The Rise of Celebrity-Themed Meme Coins

The trend of celebrity-themed meme coins gained traction in late May with notable figures like Caitlyn Jenner, Iggy Azalea, Trippie Redd, and Davido launching meme coins on the Solana blockchain. This trend has attracted interest from crypto enthusiasts, who are creating tokens on Pump.fun in the hopes of capitalizing on viral attention and potential value appreciation.

Unique Aspects of Pump.fun on Solana

One distinguishing factor of Pump.fun is its foundation on the Solana blockchain, which offers cost advantages compared to Ethereum. This cost efficiency on Solana enables easier token creation and potentially enhances the risk of fraudulent activities like rug pulls at a lower cost than on Ethereum.