On January 19, the “meme-token factory” Pump.fun—running on Solana—marked its one-year anniversary. Since launch, the platform has generated $431 million in fee revenue.

pump fun officially turns 1 today!!! 🥳🥳🥳

from ups & downs, tops & bottoms, we want to thank every single one of our users for making pumpfun what it is today 🫵🥲

our users TRULY put the FUN in pump fun, and we can’t wait to see what this golden year will bring 💚🤍 pic.twitter.com/RJnIV0a6EJ
— pump.fun (@pumpdotfun) January 19, 2025

According to a Dune dashboard, users have launched more than 6.3 million tokens via Pump.fun, with a combined market capitalization exceeding $5 billion.

At present, the protocol counts around 10.8 million unique addresses. Over the past two weeks, trading volume reached $3.44 billion.

However, by the end of December 2024, only 14,026 tokens out of the 1.2 million created (roughly 1.16%) proceeded to a bonding curve and eventually launched on the Raydium DEX.

Highlights Over the Past Year

Co-founder alon underscored several achievements:

Over $1 billion in SOL is locked in liquidity pools.
More than 70% of the top 50 tokens on the platform are AI-themed.
Some tokens—like FARTCOIN, PNUT, and GOAT—have been listed on major exchanges.
The team has grown to 80+ employees.

He also noted setbacks: there was one hack, a FUD campaign, and the abandonment of live streaming after community abuses.

“Pump.fun is the largest crypto-social network, aiming to bring mass exposure to the abundant financial and non-financial opportunities and fun that crypto offers. We’re no longer just about meme tokens: startups are launching on [Pump.fun] to tap into massive liquidity and a user base eager to experiment with new products. […] Big things are coming,” alon concluded.

Context

In January, New York–based law firm Burwick Law said it is preparing a lawsuit against Pump.fun on behalf of investors who lost “significant sums” in meme coins.