Pump. fun is one of the special products in this cycle. Since its launch more than four months ago, more than 1.17 million tokens have been released, with a cumulative revenue of more than $50 million.

How to understand this number? The annual income of Uniswap Labs is about $25 million to $30 million.

Pump. fun is not a typical Web3 project. It has no complex token economics model and no DAO governance mechanism, but with accurate market positioning, it has created a stable and profitable business market.

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