On July 1, the daily revenue volume on the platform for launching meme tokens Pump.fun based on Solana reached $1.99 million. The figure exceeded the value of the Ethereum network ($1.91 million), according to DeFi Llama.
According to Dune Analytics, on July 1, an additional 11,528 tokens were deployed on the platform. Their cumulative number reached 1,199,685. Pump.fun's total income reached 346,613 SOL (~$51.3 million).
At the end of June, ForkLog reported a decrease in the platform’s daily commissions by 30% on a weekly basis due to a decrease in investor appetite for risk.
Let us remind you that the cryptocurrency data service DEX Screener launched a platform for creating meme coins called Moonshot, competing with Pump.fun, on Solana.

Moonshot - новая платформа для мем-токенов на Solana. Битва за пользователей с Pump.fun. Уменьшение комиссий на Pump.fun из-за сни

The rise of meme tokens on Solana reflects the growing interest in alternative cryptocurrencies and the competition among platforms. Monitoring market trends and investor sentiment is crucial for navigating the volatile crypto landscape.