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Mikhail  pfp
Mikhail
@sleepymishka
Pump.Fun, a platform for creating memecoins on the Solana blockchain, has reached almost $95 million in total revenue in the eight months since January 2024. As of early July, that figure was $52.2 million, according to DeFiLlama. However, the platform's "successes" do not apply to all the tokens created on Pump.Fun and its users. Over the entire period of operation, more than 1.82 million memecoins have been created using the service, according to the dashboard on Dune, and the percentage of tokens that have hit the exchanges is around 1.4%, according to Adam Cochran, a partner at Cinneamhain Ventures. Even fewer coins have maintained a capitalization above $10 million - only 15 pieces. Only 41 tokens have a capitalization above $1 million, according to a cryptocurrency market analyst under the pseudonym Newton Einstein.
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