Pump.fun Celebrates First Birthday by Surpassing $400M in Yearly Revenue

Solana’s favorite token deployer continues onchain financial dominance.

Published: Jan 14, 2025 at 11:49
Edited: Jan 14, 2025 at 15:48

Pump.fun, Solana’s polarizing token launcher app, celebrates yet another incredible milestone, recording over $400M in yearly revenue.

One of the crypto industry’s most valuable applications, pump.fun’s latest achievement coincides with over 6M token deployments on the platform.

But for all its commercial success, the controversial app has plenty of detractors. Data analysts have reminded network participants of pump.fun traders’ poor track record, prompting a fiery response from the protocol’s founder.

Pump.fun Still Solana’s Most Valuable App

Since launching in January 2024, no-code token creator pump.fun has been one of crypto’s biggest success stories. After catapulting Solana’s meme economy into the stratosphere, pump.fun quickly became one of the industry’s biggest revenue generators and onboarding tools. Based on Dune Analytics data, over 13M wallets have interacted with the platform since its debut.

One year since its initial launch, pump.fun reaffirmed its status as an economic powerhouse. Onchain data suggests that pump.fun has recorded over $400M in yearly revenue, with over $150M of this figure being generated since November 27th, 2024.

pumpfun revenue

What’s more, pump.fun shows no sign of slowing down. According to DefiLlama, annualizing pump.fun’s revenue over the past 30 days suggests the application would generate over $1B in revenue in the coming year.

pumpfun deploys

According to Dune Analytics, pump.fun has facilitated over 6B token launches since launching one year ago. The application has enjoyed a dominant start to 2025, constituting 56.7% of all Solana DEX transactions.

Co-founder Strikes Out at Profitability Analysts

Despite pump.fun’s roaring commercial success, analysts have reminded network participants that Solana’s memecoin trenches are a dangerous minefield for traders.

According to data collected by analyst adam_tehc, only 0.04% of pump.fun traders have made more than $10k on the platform. Additionally, only around 1.2% of launched tokens ‘make it out of the trenches’ and graduate to Raydium, suggesting that the odds are heavily stacked against traders looking for the next fabled 100x.

Speaking out in support of his unicorn, pump.fun co-founder alon has struck out against adam_tehc’s analysis, telling traders to “ignore the FUD” and sharing a thesis on why that data is bullish for onchain trading.

alon’s principle concern stems from the fact that the analysis omits tokens that fulfill their bonding curve and migrate to Raydium.

Additionally, alon asserts that the data also doesn’t account for unrealized profit, nor does it filter for inorganic activity. alon claims that ~30% of wallets only place a single sell order trade, likely from bots and automated trading tools that split tokens among multiple wallets to create the illusion of a distributed token holdership.

Due to pump.fun’s whirlwind commercial success, network participants are eagerly anticipating the platform’s promised airdrop.

Originally announced in October 2024, pump.fun co-founder sapupiju is optimistic that the pump.fun airdrop will “be a lot more lucrative than anyone else in the space.”