Pump.fun Hits $700M in Revenue with Solana Meme Coins – Coincu

Pump.fun has achieved a significant milestone by surpassing $704 million in total protocol revenue with its Solana meme coin launch platform, as reported by Dune data on May 11, 2025.

This achievement reflects the platform’s substantial impact on the Solana ecosystem, boosting token issuance and SOL transactions.

Pump.fun Surpasses $704 Million in Protocol Revenue

Pump.fun, with the pseudonymous co-founders Alon Cohen and Sapijiju, has recently surpassed $704 million in protocol revenue, marking a notable achievement within the Solana ecosystem. The platform’s activity, including 10.511 million tokens launched, highlights its rapidly growing influence.

Changes following this event include the introduction of new revenue-sharing models. This development is designed to enhance community engagement and incentivize coin creators. Approximately 3.868 million SOL have been sold through the platform over the past year.

Market reactions have been notable, with Alon Cohen commenting on governance and revenue sharing, stating their aim to enhance community rewards. Cohen emphasized, “We’re always looking for ways to put more power and rewards back into the hands of our community. The new revenue sharing model is just the start” [2]. The introduction of a revenue-sharing portion on May 12 through PumpSwap has been positively received by the crypto community.

Solana Token Dynamics and Market Projections

Did you know? Pump.fun’s evolution mirrors the rapid meme coin launches of Ethereum in 2021, but on a vastly larger scale within the Solana ecosystem.

Solana (SOL) is currently trading at $169.51 with a market cap of $88.11 billion, holding a 2.68% market dominance. Over the past 24 hours, trading volume has dropped by 35.54%. Price changes over various periods showed mixed results: +1.13% in 24-hours, -4.05% in 7-days, +26.49% in 30-days, and -7.47% in 90-days. These statistics, provided by CoinMarketCap, highlight the dynamic nature of SOL’s market performance.

Insights from the Coincu research team suggest that Pump.fun’s community-driven revenue model could serve as a blueprint for future developments in decentralized finance, reflecting the growing importance of meme coins in cryptocurrency ecosystems.