Popular Solana-based launchpad Pump.fun kicked off 2025 with a record-breaking $15 million in daily revenue amid the ongoing frenzy surrounding memecoins. This sector remains the best-performing narrative of the cycle, playing into the hands of millions of investors.
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Pump.Fun sees record-breaking daily income
Along with Solana-based tokens, Memecoin has been the biggest story of this cycle. stolen Spotlight during 2024. The trend will continue this year after Solana’s launchpad Pump.fun saw a record-breaking performance on January 1, 2025.
Last year, Pump.fun cemented itself as the most popular token launcher for simplifying the creation of memecoins and facilitating token deployment. During Q3 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 the Tron-based sunpump and multi-chain platform GraFun. Despite being banned in the UK in December, Launchpad’s performance remained steady, recording daily revenue of between $2 million and $3 million throughout the month.
As of this writing, the platform has deployed 5.39 million tokens since its launch and generated 2.02 million SOL in revenue worth $418.7 million at current prices. In addition, Solana Launchpad started 2025 with a new record-breaking day, surpassing its previous milestone.
According to Dune Analytics data, Pump.fun registered 72,506 SOLs, nearly $15 million in daily revenue this Wednesday. This performance represents a nearly 30% increase from the 55,000 SOL recorded in late November.
Additionally, Launchpad dominated Solana Decentralized Exchange (DEX) transactions last month. Dune data shows that Pump.fun-related transactions accounted for 52.8% of all SOL DEX transactions in December.
Despite the criticism, Memecoin Mania continues
The success of the platform has also been heavily criticized. In late 2024, Pump.fun received criticism after several users broadcast harmful and violent content using its livestream feature.
In late November, users created many memecoins using controversial prompts to go viral and pump their tokens. This trend started after the age of 12 Livestreamed Rugging myself a memecoin.
Amid the livestream chaos, Solana Launchpad recorded its biggest revenue day in a single day, recording 55,832 SOLs, worth nearly $11 million. However, the incident resulted in a backlash from the crypto community and a temporary shutdown of the feature.
In addition, on-chain data analytics firm LuckenChain Reported That Pump.fun deposited more than 355,608 SOL to Kraken during the last day. The total tokens sent to this exchange are 1,564,064 SOL and 264,373 SOL sold for 41.64 million USDC.
The transfer and sell-off of the platform has also received significant backlash, with community members drawing comparisons between the Solana-based Launchpad and the Ethereum Foundation.
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Nevertheless, the memecoin narrative dominates the crypto market, with the “Solana Meme” category on CoinGecko recording A 12.5% increase in market capitalization to $20.9 billion in the last 24 hours suggests that the trend is likely to increase.
the new the player As ai16z (AI16Z) and FARTCOIN (FARTCOIN) saw daily gains of 8.9% and 43.7% to touch new all-time highs (ATHs) on January 2. Ultimately, these relatively new tokens have stolen the sector’s spotlight, making it to the top 10 memecoin list in record time.
Featured image from Unsplash.com, Chart from TradingView.com
