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      Pump.fun Achieves Third Highest Revenue Among Crypto Protocols

      Pump.fun, a memecoin launchpad, has emerged as the third highest-earning protocol in the cryptocurrency sector, generating approximately $12 million in revenue over the past week. This places it behind only Tether, which earned $111.88 million, and Circle, with $44.45 million, according to data from DefiLlama.

      The platform, which allows users to launch memecoins in under two minutes, has a straightforward revenue model. It collects fees from bonding-curve trades of newly created tokens, charges graduation fees when these tokens transition to decentralized exchanges, and earns additional income through its trading product, PumpSwap. In the last 24 hours alone, Pump.fun generated $1.62 million in fees, contributing to a total of $40.51 million in revenue over the past month.

      Since its launch in early 2024, Pump.fun has amassed over $1.2 billion in total revenue, with half of this amount allocated to a buyback-and-burn program for its native token, PUMP. This mechanism reduces the total supply of PUMP tokens by purchasing them on the open market and permanently destroying them, similar to a corporate stock buyback.

      The success of Pump.fun highlights the growing prominence of memecoins in the crypto market, particularly on the Solana blockchain, which is favored for its low transaction costs and quick processing times. This trend indicates a shift in retail-driven crypto activity, as platforms like Pump.fun outpace traditional DeFi protocols in revenue generation.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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