Launchpad Pump.fun, based in Solana, started 2025 with $15 million in daily revenue amid the ongoing controversy surrounding memecoins. This sector continues to have the best narrative of the cycle, driving millions into the hands of investors.
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Pump.Fun sees record breaking daily revenue
Memecoins have been the biggest story of this cycle with Solana-based tokens theft It was noticed throughout 2024. The trend looks set to continue this year after the Solana Pump.fun launchpad saw a record-breaking performance on January 1, 2025.
Last year, Pump.fun established itself as the most popular token launcher for simplifying the creation of Memcoins and facilitating token deployment. In the third quarter of 2024, Launchpad surpassed Ethereum and most Solana protocols, doubling the fees and revenue of these projects.
The remarkable success of Pump.fun saw the creation of several competitors, including Tron-based. Sun Pump and the GraFun multichain platform. Despite the launchpad being banned in the UK in December, the launchpad's performance remained steady, recording daily revenue of between $2 and $3 million during the month.
As of this writing, the platform has deployed 5.39 million tokens since its launch and generated over 2.02 million SOL in revenue worth $418.7 million at current prices. In addition, the Solana launch pad began 2025 surpassed its previous milestone with a new record-breaking day.
According to Dune Analytics data, Pump.fun recorded 72,506 SOLs, about $15 million, on Wednesday. This performance represents a nearly 30% increase from the 55,000 SOL recorded in late November.
Additionally, Launchpad continued to dominate Solana Decentralized Exchange (DEX) trading for the past month. Data from Dune shows that transactions related to Pump.fun accounted for 52.8% of all SOL DEX transactions in December.
Memecoin mania continues despite criticism
The success of this platform has also brought many criticisms. At the end of 2024, Pump.fun came under fire after several users broadcast harmful and violent content using its Livestream feature.
In late November, users created multiple possibilities by using controversial notifications to go viral and pump their tokens. This process started after the age of 12 live streaming It kills a memecoin itself.
Amidst the live streaming chaos, Solana Launchpad recorded its biggest ever day of revenue, recording 55,832 SOLs worth around $11 million in one day. However, the incident led to a backlash from the crypto community and the feature was temporarily shut down.
In addition, the chain data analysis company Lookonchain It has been reported that Pump.fun has deposited more than 355608 SOL to Kraken in the last day. This brings the total tokens sent to the exchange to 1,564,064 SOL and the amount sold to 264,373 SOL for 41.64 million USDC.
The platform's transfers and sales have also been met with strong reactions, with community members drawing comparisons between the Solana-based launchpad and the Ethereum Foundation.
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Nevertheless, the memecoin narrative continues to dominate the cryptocurrency market with the “Solana Meme” category on CoinGecko. to record A 12.5% increase to a market capitalization of $20.9 billion in the past 24 hours, indicating that this trend is likely to continue.
more recent players Like ai16z (AI16Z) and Fartcoin (FARTCOIN) saw daily gains of 8.9% and 43.7%, respectively, hitting new all-time highs (ATHs) on January 2nd. Finally, these relatively new tokens have grabbed the attention of the sector and made it into the top 10 list in record time.
Featured image from Unsplash.com, chart from TradingView.com
