Pump.fun Breaks Revenue Record, Generates $82.78 Million in November
Pump.fun, a popular meme coin launchpad, has achieved a significant milestone by recording its highest monthly revenue in history. In November, the platform generated a staggering $82.78 million, marking a remarkable 207% increase from the previous month.
According to data from DeFi Llama, pump.fun’s November revenue has surpassed all previous records since its launch in March 2024. The platform’s earnings for this month already account for more than 35% of its total revenue, with the potential for further growth before the end of November.
The substantial surge in revenue can be attributed to a surge in user activity and transaction volumes on the platform. Compared to October, where the platform earned $30.5 million, the exponential growth in November highlights the increasing popularity of pump.fun among cryptocurrency enthusiasts.
Additionally, Dune data reveals that pump.fun experienced its highest number of token launches on November 20, with a total of 69,046 Solana-powered tokens introduced on the platform. Over the past two weeks, pump.fun has facilitated a total trading volume of $4.15 billion, demonstrating the platform’s significant contribution to the cryptocurrency market.
Despite its impressive financial performance, pump.fun has faced criticism for its livestream feature, which was exploited by some coin developers to broadcast inappropriate and harmful content. As a response to these concerns, the platform has disabled the livestream feature, which was introduced in August 2024.
In a statement addressing the issue on X, pump.fun’s founder, alon, assured the community that the platform is actively moderating content to ensure user safety. Alon emphasized the presence of a dedicated team of moderators and engineers who are continuously working to address content moderation challenges.
While acknowledging that the moderation process is not flawless, alon encouraged users to report any harmful content they encounter on pump.fun through the platform’s support channels. By implementing these additional measures, pump.fun aims to create a safer and more secure environment for its users.
Overall, pump.fun’s record-breaking revenue in November reflects its growing prominence in the cryptocurrency space. With a commitment to enhancing user safety and addressing content moderation concerns, the platform continues to evolve and adapt to meet the needs of its expanding user base.