Pump.fun, a memecoin launchpad on the Solana blockchain, has surpassed both Solana and Ethereum in terms of trading volume and revenue. In the past 30 days, Pump.fun generated $295.53 million in trading volume and $119 million in revenue, surpassing Solana's $119.33 million and Ethereum's $142.57 million. However, Dune Analytics data revealed that only 0.4% of Pump.fun wallets made a profit above $10,000. The platform has also faced criticism and potential legal action due to illicit content and alleged rug pulls. Despite these controversies, Pump.fun is on track to surpass $500 million in cumulative revenue.



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