Solana-Based Launchpad Pump.fun Sees Record-Breaking $15M Daily Revenue

Memecoins have been this cycle's largest narrative, with Solana-based tokens stealing the spotlight throughout 2024.

Solana-based launchpad Pump.fun had a record-breaking start to 2025, generating $15 million in daily revenue amid the ongoing memecoin frenzy.

According to Dune Analytics data, Pump.fun registered 72,506 SOL, around $15 million, in daily revenue on Wednesday, January 2nd. This performance represents a nearly 30% increase from the 55,000 SOL recorded in late November.

The launchpad continued to dominate Solana decentralized exchange (DEX) transactions last month. Dune data shows that Pump.fun-related transactions accounted for 52.8% of all SOL DEX transactions in December.

On-chain data analysis firm Lookonchain also reported that Pump.fun deposited over 355,608 SOL to Kraken during the last day. This brings the total tokens sent to the exchange to 1,564,064 SOL and the amount sold to 264,373 SOL for 41.64 million USDC.

Pump.fun, which quickly became the most popular token launcher in 2024 thanks to its service for simplifying the creation of memecoins and facilitating token deployment, saw the trend continue into 2025.

Last year, during Q3 2024, the launchpad notably surpassed Ethereum and most Solana protocols, doubling the fees and revenue of these projects.

As a result of Pump.fun’s remarkable success, several competitors emerged, including the Tron-based SunPump and the multi-chain platform GraFun.

However, despite being banned in the United Kingdom in December, the launchpad's performance remained steady, recording a daily revenue between $2 million and $3 million throughout the month.

As of this writing, the platform has deployed 5.39 million tokens since its launch and generated over 2.02 million SOL in revenue, which is currently valued at $418.7 million. Moreover, the Solana launchpad started 2025 with a new record-breaking day, surpassing its previous milestone.

Memecoin Narrative Continues Strong Despite Backlash

While Pump.fun’s success is undeniable, the platform has also faced heavy criticism. At the end of 2024, Pump.fun received criticism after several users utilized its Livestream feature to broadcast harmful and violent content.

In late November, users created numerous memecoins using controversial prompts to become viral and pump their tokens. The trend started after a 12-year-old livestreamed himself rugging a memecoin.

Amid the livestream chaos, the Solana launchpad registered its largest revenue day, recording 55,832 SOL, worth around $11 million, in a single day. However, the incident resulted in backlash from the crypto community and the temporary shutdown of the feature.

Furthermore, Pump.fun’s transfers and sell-offs have also received significant attention. Community members drove comparisons between the Solana-based launchpad and the Ethereum Foundation.

On the other hand, on-chain data analysis firm Lookonchain also reported that Pump.fun deposited over 355,608 SOL to Kraken during the last day. This brings the total tokens sent to the exchange to 1,564,064 SOL and the amount sold to 264,373 SOL for 41.64 million USDC.

Moreover, the platform's transfers and sell-offs have also received significant backlash, with community members driving comparisons between the Solana-based launchpad and the Ethereum Foundation.

Despite the criticism, the memecoin narrative continues to dominate the crypto market, with the “Solana Meme” category on CoinGecko recording a 12.5% increase to a market capitalization of $20.9 billion in the last 24 hours, suggesting that the trend is likely to extend.

Newer players like ai16z (AI16Z) and Fartcoin (FARTCOIN) saw an 8.9% and 43.7% daily surge to hit new all-time highs (ATHs) on January 2nd. Ultimately, these relatively new tokens have stolen the sector's spotlight, making it to the top 10 memecoin list in record time.