The meme-token platform Pump.fun, built on the Solana blockchain, achieved a record-breaking revenue of $93 million in November, according to data from DeFiLlama.
This marks an impressive ~208% increase compared to October, bringing the platform’s cumulative revenue to $247 million.
The total market capitalization of tokens generated through Pump.fun now exceeds $6.5 billion, as reported by CoinGecko.
In October, the Pump.fun team announced plans to launch a native token and introduced the Pump Advanced trading terminal, featuring advanced tools designed for experienced traders.
At the end of November, the platform temporarily disabled its streaming feature, which led to a one-third decline in revenue.