DeFi

Read

Pump.fun has recorded its highest monthly revenue in history. The meme coin launchpad made a revenue of $82.78 million in November, soaring 207% from the month prior.
According to data from <a href="https://defillama.com/fees/pump?bribes=false&amp;tokentax=false" target="_blank" rel="noopener noreferrer nofollow">DeFi Llama</a>, pump.fun’s November revenue skyrocketed to $82.78 million, the highest it has ever been since its launch in March 2024. The number is bound to increase as the month is not over, but it has already contributed to more than 35% of its total earnings.
The launchpad saw a 207% increase from its October monthly revenue which amounted to only $30.5 million, indicating a massive uptick of user activity and transaction volumes coming in from the platform in November alone.
Based on data from <a href="https://dune.com/jhackworth/pumpfun" target="_blank" rel="noopener noreferrer nofollow">Dune</a>, the platform hailed by many as the <a rel="noopener noreferrer nofollow" href="https://crypto.news/tag/meme-coin/">meme coin</a> marketplace also saw its highest number of token launches in history on Nov. 20 this year, with 69,046 Solana(<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/solana/">SOL</a>)-powered tokens launched. Meanwhile, in the past two weeks pump.fun has seen a total volume of $4.15 billion.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/pump-fun-fee-account-sells-25m-sol/"> Pump.fun fee account sells $25m SOL pump-fun-fee-account-sells-25m-sol By Benson </a>
Despite the evident jump in user activity on the site, pump.fun has recently come <a rel="noopener noreferrer nofollow" href="https://crypto.news/pump-fun-livestream-leaves-the-community-stunned/">under fire</a> for its livestream feature, which has been used by coin developers to broadcast harmful content exhibiting self-harm and other dangerous acts.
Following the onslaught of online complaints and concerns over content moderation on the site, pump.fun’s livestream feature, which was launched on the site in August 2024, has since been disabled.
The team acknowledged the community’s concern and enacted additional measures to ensure user’s safety, which include removing inappropriate content and flagging NSFW materials.
In Nov. 23, pump.fun’s founder, alon, addressed the issue in an <a rel="noopener noreferrer nofollow" href="https://x.com/a1lon9/status/1860036153249787911" target="_blank">X post</a>. Alon claimed that the pump.fun team has been actively moderating content on the sites since its launch days.
“We have a large team of moderators working around the clock and an internal team of engineers that’s working on helping us deal with increased scale of coins, streams, and comments,” said alon in the <a rel="noopener noreferrer nofollow" href="https://x.com/a1lon9/status/1860036153249787911" target="_blank">post</a>.
Despite the fact that there is content moderation, alon admitted that it isn’t perfect. Therefore, the founder urged users to report any harmful content to pump.fun’s support channels.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/pump-funs-urgent-notice-on-community-moderation/"> Pump.fun’s community notice has brought in urgent moderation changes </a>

Pump.fun monthly revenue hits new all-time high with $82.8m

crypto.news

Other articles published on Nov 29, 2024

Solana Memecoin Santa Trump (SANTRUMP) to Skyrocket 15,000% Ahead of Exchange Listing, While Doge...

Analysts Predict Dogecoin's Record-Breaking Price Surge

Can Pepe Coin (PEPE) Flip Shiba Inu (SHIB) with a 9706% Rally? Trader Bets on Underdog at 9 Cents...

What Are the Best Cryptos to Buy Today? Qubetics Presale Skyrockets as VeChain Targets $0.40 and ...

Solana Price Eyes $260 Resistance as Market Analyst Predicts Blue Skies

Buying XRP Makes Sense at Key Support, Experts Say—Yet Bullish Alternatives Are Drawing Focus!

Join our free newsletter for daily crypto updates!