Pump.fun Hits Record $82.8 Million Monthly Revenue Amid Surge in Activity

Pump.fun, a leading meme coin launchpad, has set a new revenue record, generating $82.78 million in November. This marks a staggering 207% increase from October's $30.5 million, highlighting a significant surge in user activity and transaction volumes.

Record-Breaking Month for Pump.fun

Data from DeFi Llama reveals that November's revenue is the highest since Pump.fun's inception in March 2024. The figure represents over 35% of the platform’s total earnings to date, with additional growth anticipated as the month concludes.

According to Dune Analytics, the platform achieved another milestone on November 20, recording its highest number of token launches in a single day. A total of 69,046 Solana-powered tokens were introduced, contributing to Pump.fun’s impressive two-week trading volume of $4.15 billion.

Livestream Feature Faces Controversy

Despite its meteoric rise, Pump.fun has faced criticism over its livestream feature, which was introduced in August 2024. The feature has been misused by some developers to broadcast harmful and inappropriate content, including self-harm incidents, prompting widespread concern.

In response to mounting complaints, Pump.fun disabled the livestream feature and implemented stricter moderation protocols. These measures include removing inappropriate materials and flagging NSFW content to protect users.

Founder Addresses Concerns

On November 23, Pump.fun founder Alon took to X (formerly Twitter) to address the controversy. Alon emphasized the platform's commitment to safety, noting the efforts of a dedicated moderation team and engineers to manage the platform's rapid growth.

“We have a large team of moderators working around the clock and an internal team of engineers that’s helping us deal with the increased scale of coins, streams, and comments,” Alon stated.

While acknowledging that moderation is not yet perfect, Alon urged users to report harmful content through Pump.fun's support channels to enhance the community's safety.

Conclusion

Pump.fun’s record-breaking revenue underscores its growing dominance in the meme coin ecosystem, driven by heightened activity and innovation. However, the platform's ability to address content moderation challenges will be crucial in sustaining user trust and continued growth.