Pump.fun, specializing in memecoin launches within the Solana ecosystem, has reported a significant milestone in total revenue surpassing $800 million.
Overall Status of Pump.fun
According to on-chain data, Pump.fun has collected $800.6 million in fees to date. The platform generates revenue through a 1% swap fee on all token transactions. Before launching its own DEX, PumpSwap, it charged extraction fees on tokens that were transferred to Raydium when they reached a certain market value.
Competition with LetsBonk.fun
Pump.fun initiated the memecoin craze last year, but in recent months has faced serious competition from new rival LetsBonk.fun, which launched in April 2025. LetsBonk has rapidly grown thanks to Raydium's LaunchLab integration and the support of the Bonk community. Last month, LetsBonk surpassed Pump in the number of tokens issued but Pump regained the top position this month. Popular trader @WazzCrypto noted that the transfer of LetsBonk's top 10 memecoin developers to Pump was a decisive factor in this shift.
Current Trends in Solana Memecoins
On the revenue side, Pump is generating over $1 million daily, while LetsBonk's daily revenue has fallen from $1 million to less than $30,000 earlier this month. Meanwhile, Pump raised $600 million in just 12 minutes during its ICO last month. The company is currently running a buyback program above market value to stabilize its token price. Additionally, Solana's lead in the memecoin space is shifting to the Coinbase-backed Base network, with data showing an outflow of 57,970 memecoins in just one day, while Solana saw an outflow of 32,760.
Thus, Pump.fun confirms its strong position in the memecoin world despite rising competition. The history shows that market dynamics can change swiftly, and former leaders may make way for newcomers.
