CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Coin Edition 2024-11-30 15:30:00

Solana-Based Pump.fun Becomes Top Player in Meme Token Deployment

Pump.fun dominates Solana meme tokens, driving 85.71% of Binance-listed SOL assets. With $368M in fees, Pump.fun ranks 8th among crypto networks for revenue generation. PNUT leads Pump.fun tokens, exceeding $1 billion market cap, showcasing immense growth potential. Pump.fun has become a major player in the meme token ecosystem, achieving exceptional growth since its April 5, 2024 launch. The platform’s dominance in token deployment, fee generation, and market relevance highlights its potential as a leader in the meme token space. With strategic roots in the Solana network and developer-friendly mechanisms, Pump.fun is changing how meme tokens are created and traded. The platform’s impact extends to decentralized exchanges (DEXs) and major crypto exchanges like Binance. Pump.fun’s Impressive Growth and Market Dominance In just 239 days, Pump.fun generated $368 million in fee income, averaging $1.54 million daily. It deployed over 4 million tokens, with an average of nearly 17,000 new tokens daily. The platform processes 388 million transactions monthly, surpassing other DEXs. Additionally, tokens launched by Pump.fun dominate the Solana network, … The post Solana-Based Pump.fun Becomes Top Player in Meme Token Deployment appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.