According to DefiLlama data, the Solana-based memecoin launchpad Pump.fun has generated more than $50 million in cumulative revenue. In the last 24 hours alone, the platform earned over $598,000.

Pump.fun has gained popularity during the recent meme-token boom, thanks to its user-friendly interface and Solana’s low transaction fees, leading to the creation of numerous politically themed cryptocurrencies, celebrity tokens, and other types of tokens.

Data from Dune Analytics indicates that over 1.18 million memecoins have been launched via Pump.fun. Despite a recent decline in daily fees due to broader market conditions, the platform’s high activity and substantial fees highlight significant user engagement and economic contributions to the Solana ecosystem.

Meanwhile, Dexscreener, a crypto data aggregator, has launched a competing Solana-based memecoin launchpad named Moonshot, which has generated nearly $500,000 in revenue during its first week, according to DefiLlama data.

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