Deniz 
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’s conclusion, the platform’s total income is currently at $94.5 million. Thanks to Solana’s cheap transaction costs, the network has let users distribute over 1.8 million memecoins. The site debuted at the beginning of this year.
Pump.Fun 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.
Pump.Fun, 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.
Pump.Fun’s 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.
Pump.Fun 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.
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