Pump.fun maintains $1 million daily revenue…dominance amid market downturn

Meme-coin launchpad Pump.fun is strengthening its market dominance by recording $1 million in daily revenue despite the recent slowdown in the cryptocurrency market.

On the 21st (Korean time), according to The Block, Pump.fun holds a 95% share of token graduation, effectively regaining a monopoly-like position. Earlier last summer, Pump.fun lost most of its share in competition with platforms such as Letsbonk, Billib, and Moonshot, but has since recovered it. Token graduation refers to the stage at which newly issued tokens meet a liquidity threshold and are listed on a decentralized exchange (DEX). It is used as an indicator of the number of projects that have secured actual market demand.

In particular, it is encouraging that Pump.fun's revenue remains steady even though demand for meme-coin investment has weakened recently. Total launchpad trading volume has decreased over the past few months and remains at about $100 million. The daily average number of graduated tokens has also fallen to around 100.

The Block evaluated, "That user activity is maintained even in a bear market shows the strength of Pump.fun's UX and network effects."