Solana Launchpad Pump.fun Revenue Exceeds $800M
The Solana-based memecoin launchpad Pump.fun has generated over $800 million in revenue and facilitated the creation of 11.9 million new tokens, according to a recent report. The platform, which allows users to launch a meme coin in seconds, has also raised $1.3 billion in its own PUMP token ICO, cementing its role as a key driver of speculative activity on the Solana network.
- The platform's daily revenue fluctuates significantly, dropping from a peak of over $4 million in January 2025 to around $1 million by late 2025. On October 20, 2025, it generated $1.31 million in daily revenue, vastly outperforming competitor Moonshot's $17,450. - At its peak, Pump.fun accounted for over 71% of all daily token launches on the Solana network and was responsible for more than 56% of its decentralized exchange trading volume. Its market share of graduated tokens has been volatile, swinging from a low of 5% to 90% in just two weeks during a battle with rival launchpad LetsBonk in August 2025. - Tokens on the platform launch via a bonding curve, which automatically prices the asset as buys occur. Once a token's market cap hits approximately $69,000, it "graduates," and liquidity is automatically moved to Pump.fun's native decentralized exchange, PumpSwap. - In May 2024, a former employee exploited privileged access to execute a flash loan attack, resulting in a loss of approximately $1.9 million. The platform paused trading, compensated affected users, and stated that the core smart contracts remained secure. - The native PUMP token has a total supply of 1 trillion, with a vesting schedule releasing 10 billion tokens monthly through July 2029. To counter this dilution, the platform uses a portion of its revenue for token buybacks, having repurchased over $19 million worth of PUMP by mid-2025. - Despite its commercial success, data from Solidus Labs found that 98.6% of tokens launched on the platform showed behavior consistent with "rug-pulls." The platform is also facing class-action lawsuits in the U.S. alleging the sale of unregistered securities.
