The post Pump.fun surpassed other protocols in daily fees appeared on BitcoinEthereumNews.com.

Pump.fun continues to print fees, on a new inflow of meme creation. Token fatigue has not hurt the bottom line of the platform, despite the 99% failure rate.  Pump.fun continues to generate record revenues, by providing starting liquidity and an easy token launch. Briefly, Pump.fun surpassed all other apps and protocols, measuring peak 24-hour revenues. The meme token DEX and launchpad even surpassed Ethereum (ETH) and TRON (TRX), two of the biggest activity hubs in crypto.  Pump.fun is also close to the top in terms of weekly and monthly fees, competing not only with Solana apps, but with the entire crypto ecosystem. The meme coin launcher achieved unified liquidity and a single entry point, while helping onboard new crypto users. Both new and returning users expanded in August, and were completely unaffected by the correction on centralized crypto markets.  The creation of tokens on Pump.fun also overcame other types of Solana launches, with a constant rate of growth in the past few months. As of August 14, more than 67% of Solana tokens were made through Pump.fun, for a total lifetime mints of 1.76M tokens. BREAKING: @pumpdotfun 24H REVENUE IS HIGHER THAN THOSE OF THE REMAINING TOP 20 PROTOCOLS COMBINED pic.twitter.com/Ce12zu2GYP — DEGEN NEWS (@DegenerateNews) August 14, 2024 Tracking fees among crypto protocols is inexact, as LidoDAO marks the biggest fee flows due to redistribution. However, Pump.fun is the only protocol that gets as close as possible to onboarding real users. On a monthly basis, Pump.fun generates close to $30M in launch and trading fees. While Pump.fun remains an extremely risky bet, it is also seen as the fastest way to test new tokens and make up for the losses with one winner. The need for fast and competitive transactions, as well as the mint fees, turn Pump.fun into a…

---

Filed under: News - @ August 15, 2024 11:28 am