TLDR:
- Pump.fun, a Solana-based launchpad, achieved $15 million in daily revenue on January 1st, 2025, marking its highest single-day performance
- The platform has generated over 418.7 million worth of SOL in revenue and deployed 5.39 million tokens since launch
- Despite controversy over harmful livestream content in late 2024, the platform maintained strong performance with 52.8% of all Solana DEX transactions in December
- The platform recently transferred 355,608 SOL to Kraken, bringing total exchange deposits to 1,564,064 SOL
- The broader Solana meme coin market reached $20.9 billion market cap, with newer tokens like ai16z and Fartcoin hitting all-time highs
The Solana-based token launchpad Pump.fun has kicked off 2025 with its highest single-day revenue of $15 million, highlighting the continued growth of the meme coin sector on the Solana blockchain.
Data from Dune Analytics shows that Pump.fun generated 72,506 SOL in revenue on January 1st, 2025, equivalent to approximately $15 million. This marks a 30% increase from the platform’s previous high of 55,000 SOL recorded in November 2024.
Since its launch, Pump.fun has established itself as the primary platform for creating and launching meme coins on the Solana network. The launchpad has facilitated the deployment of 5.39 million tokens and generated more than 2.02 million SOL in revenue, worth roughly $418.7 million at current prices.
Throughout December 2024, Pump.fun maintained its dominant position in the Solana ecosystem, accounting for 52.8% of all decentralized exchange (DEX) transactions on the network. This high volume persisted despite the platform being banned in the United Kingdom during the same month.
The platform’s success has attracted competitors in the market, including SunPump on the Tron blockchain and the multi-chain platform GraFun. However, Pump.fun has maintained its market leadership position, consistently generating between $2 million and $3 million in daily revenue during December.
Recent on-chain data from Lookonchain revealed that Pump.fun transferred 355,608 SOL to cryptocurrency exchange Kraken. The platform’s total transfers to the exchange now stand at 1,564,064 SOL, with 264,373 SOL sold for 41.64 million USDC.
The platform faced controversy in late 2024 when users broadcast inappropriate content through its Livestream feature. The incident began when a 12-year-old user livestreamed the creation and subsequent “rug pull” of a meme coin, leading to a wave of controversial content on the platform.
During this period of controversy, Pump.fun recorded its then-highest daily revenue of 55,832 SOL, approximately $11 million. The platform temporarily suspended the Livestream feature following community backlash.
The broader Solana meme coin market has shown strong momentum entering 2025. According to CoinGecko data, the “Solana Meme” category saw a 12.5% increase in market capitalization, reaching $20.9 billion in the first days of January.
New entrants to the market have gained rapid traction. The token ai16z (AI16Z) recorded an 8.9% price increase on January 2nd, while Fartcoin (FARTCOIN) surged 43.7%, with both reaching new all-time highs.
These newer tokens have quickly risen to prominence, securing positions in the top 10 meme coin rankings shortly after their launches. Their rapid ascent demonstrates the continued appetite for new meme coin projects on the Solana network.
Throughout 2024, Pump.fun consistently outperformed many Ethereum protocols and other Solana-based platforms in terms of fee generation and revenue. This trend appears to be continuing into 2025 based on the platform’s strong start to the year.
The platform’s daily revenue has shown steady growth since its inception, rising from consistent daily earnings of $2-3 million in December to the current record of $15 million on New Year’s Day.
The increase in platform activity coincides with rising transaction volumes across the Solana network, particularly in the decentralized exchange sector where Pump.fun-related transactions comprise more than half of all activity.
Recent token launches on the platform have maintained high success rates, with multiple new projects achieving listing and trading milestones within their first days of launch.
