Explosive increase in monthly revenue for Pump.fun reaches an impressive $93 million.
Pump.fun Breaks Records with $93 Million in November Revenue
The meme-token platform Pump.fun, based on the Solana blockchain, has made headlines once again after generating a record-breaking revenue of $93 million in November. According to DeFiLlama, this figure marks a significant increase compared to October's revenue.
The Pump.fun team introduced the Pump Advanced trading terminal in October, offering advanced tools for experienced traders. This innovative feature was followed by the announcement of plans to launch a native token on the platform.
The native token of Pump.fun was developed by its anonymous co-founders, who remain undisclosed publicly. The token gained attention through South Korean exchanges like Upbit and Bithumb, and the platform is known for its gamified tokenomics and creator revenue sharing. However, the specific persons or groups behind the token development have not been publicly revealed.
Before the temporary disabling of its streaming feature at the end of November, Pump.fun's cumulative revenue stood at $247 million. This disabling led to a one-third decline in revenue, bringing the current cumulative revenue to the same figure.
Despite this decline, Pump.fun's total market capitalization of tokens, according to the latest data from CoinGecko, exceeds $6.5 billion. This impressive figure underscores the platform's continued success and growth in the blockchain industry.
In conclusion, Pump.fun's record-breaking revenue of $93 million in November represents a 208% increase compared to October's revenue for the platform. The platform's innovative features, anonymous developers, and unique tokenomics continue to attract attention and drive its success in the meme-token and blockchain markets.
