{"id":27081,"date":"2024-08-19T21:15:27","date_gmt":"2024-08-19T18:15:27","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27081"},"modified":"2024-08-19T18:23:31","modified_gmt":"2024-08-19T15:23:31","slug":"pump-fun-nears-100m-in-revenue-on-solana-network","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/pump-fun-nears-100m-in-revenue-on-solana-network\/","title":{"rendered":"Pump.Fun Nears $100M in Revenue on Solana Network"},"content":{"rendered":"<p>Over the next few days, <strong>Pump.Fun<\/strong>, a memecoin generator on Solana, is likely to generate cumulative revenue exceeding $100 million. DeFiLlama statistics show that, from $50 million at June&#8217;s conclusion, the platform&#8217;s total income is currently at $94.5 million. Thanks to Solana&#8217;s cheap transaction costs, the network has let users distribute over 1.8 million memecoins. The site debuted at the beginning of this year.<\/p>\n<p><strong>Pump.Fun<\/strong> employs a bonding curve model, whereby the price rises with increasing coin sales. A coin starts at a base price; when more people buy, its cost leaps to the next level. For vendors and consumers, this model helps predict price rises. Just 1.4% of the 1.8 million coins generated have effectively reached Raydium on the platform.<\/p>\n<p><strong>Pump.Fun<\/strong>, usually makes money two main ways. First, on every transaction made on its platform, it levies a 1% fee. The platform cuts a 1% transaction fee whenever someone buys or sells a memecoin. Given the rate of token generation and trade, this charge can mount rapidly.<\/p>\n<p><strong>Pump.Fun&#8217;s<\/strong> low barrier to entry (around $2 to establish a token) and emphasis on memecoins, which are frequently highly volatile and produce notable trading activity, even if brief, have witnessed explosive expansion.<\/p>\n<p><strong>Pump.Fun<\/strong> just started paying 0.5 SOL ($80) to token creators when their tokens crossed the bonding curve, therefore removing user token deployment fees. This modification has hastened the token creation on the platform even more. But it has also drawn criticism from certain users over the caliber of the initiatives starting on the network and the lack of long-term value of thousands of periphery memecoin businesses.<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the next few days, Pump.Fun, a memecoin generator on Solana, is likely to generate cumulative revenue exceeding $100 million. DeFiLlama statistics show that, from $50 million at June&#8217;s conclusion, the platform&#8217;s total income is currently at $94.5 million. Thanks to Solana&#8217;s cheap transaction costs, the network has let users distribute over 1.8 million memecoins.<\/p>\n","protected":false},"author":6,"featured_media":27089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6173,319],"class_list":["post-27081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-pump-fun","tag-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pump.Fun Nears $100M in Revenue on Solana Network - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/pump-fun-nears-100m-in-revenue-on-solana-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pump.Fun Nears $100M in Revenue on Solana Network - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Over the next few days, Pump.Fun, a memecoin generator on Solana, is likely to generate cumulative revenue exceeding $100 million. DeFiLlama statistics show that, from $50 million at June&#8217;s conclusion, the platform&#8217;s total income is currently at $94.5 million. Thanks to Solana&#8217;s cheap transaction costs, the network has let users distribute over 1.8 million memecoins.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/pump-fun-nears-100m-in-revenue-on-solana-network\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-19T18:15:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-19T15:23:31+00:00\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/pump-fun-nears-100m-in-revenue-on-solana-network\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/pump-fun-nears-100m-in-revenue-on-solana-network\/\",\"name\":\"Pump.Fun Nears $100M in Revenue on Solana Network - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/pump-fun-nears-100m-in-revenue-on-solana-network\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/pump-fun-nears-100m-in-revenue-on-solana-network\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/7d32fb2466f1553c2a1dd8b61e1a3a1a6726170b-1792x1024-1.avif\",\"datePublished\":\"2024-08-19T18:15:27+00:00\",\"dateModified\":\"2024-08-19T15:23:31+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/pump-fun-nears-100m-in-revenue-on-solana-network\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/pump-fun-nears-100m-in-revenue-on-solana-network\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/pump-fun-nears-100m-in-revenue-on-solana-network\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/7d32fb2466f1553c2a1dd8b61e1a3a1a6726170b-1792x1024-1.avif\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/7d32fb2466f1553c2a1dd8b61e1a3a1a6726170b-1792x1024-1.avif\",\"width\":828,\"height\":473,\"caption\":\"Pump.fun\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/pump-fun-nears-100m-in-revenue-on-solana-network\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pump.Fun Nears $100M in Revenue on Solana Network\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pump.Fun Nears $100M in Revenue on Solana Network - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/pump-fun-nears-100m-in-revenue-on-solana-network\/","og_locale":"en_US","og_type":"article","og_title":"Pump.Fun Nears $100M in Revenue on Solana Network - Coin Engineer","og_description":"Over the next few days, Pump.Fun, a memecoin generator on Solana, is likely to generate cumulative revenue exceeding $100 million. 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