Pump.fun On Solana Generates $5.3 Million In Fees, 100% More Than Ethereum

Quick Summary:

In a new development, on-chain data from DeFiLlama shows that Pump.fun, a launchpad on Solana allowing users to create and deploy tokens, mainly meme coins, generates more fees than some of the top protocols in Solana and Ethereum.Pump.fun Generates More Fees Than Ethereum DeFiLlama data shows that the launchpad generated $5.

Of the millions of meme coins launching, only 41 maintained a market cap of $1 million for over a few weeks.

Over the last day, Tron generated $1.15 million in fees.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: HungaryAustralia

Topics: Solana Solana Meme coins Pump Fun Solana price Tron Gas fees SOLUSDT Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 04:30:26 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22084027

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About Bitcoinist

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Official Website: bitcoinist.com

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