News Explorer — Pump.fun Makes $100 Million in Record Time Launching Meme Coins on Solana

Generated by AI, curated by humans

Sep 2, 11:30 pm

Decrypt

Pump.fun Makes $100 Million in Record Time Launching Meme Coins on Solana

Pump.fun has become the fastest-growing protocol in the cryptocurrency ecosystem, generating $100 million in revenue in just over seven months. Despite a recent slowdown in activity, the memecoin launchpad achieved this milestone in 217 days, outpacing other protocols. Pump.fun's success can be attributed to its appeal to retail speculators and its high fees compared to other decentralized exchanges (DEXs).

Pump.fun has become the fastest-growing protocol in the cryptocurrency ecosystem, generating $100 million in revenue in just over seven months. Despite a recent slowdown in activity, the memecoin launchpad achieved this milestone in 217 days, outpacing other protocols. Pump.fun's success can be attributed to its appeal to retail speculators and its high fees compared to other decentralized exchanges (DEXs).

Latest

Jul 18, 8:34 pm

Decrypt

Bitcoin Dominance Is Falling as XRP, Ethereum Drive Massive Altcoin Gains

Bitcoin's dominance in the cryptocurrency market has dropped to around 61%, with Ethereum and XRP experiencing significa... Read Summary

Jul 18, 7:27 pm

Decrypt

President Trump Signs Stablecoin Bill, Capping Off 'Crypto Week'

The GENIUS Act, signed by President Trump, legalizes stablecoins in the U.S., providing clear rules for their issuance a... Read Summary

Jul 18, 6:38 pm

Decrypt

Schwab Aims to Expand Crypto Services—And Launch a Stablecoin

Charles Schwab plans to issue its own stablecoin, joining other traditional finance giants exploring tokens as the U.S.... Read Summary

Jul 18, 5:30 pm

Protos

Bitcoin Developers Finally Fix Long-Running Bug

Bitcoin Core developers have patched a 5-year-old disk fill bug that has been causing issues for full node operators sin... Read Summary

Jul 18, 5:52 pm

Decrypt

Solana Will Outperform Ethereum This Year, Says 21Shares Analyst

According to Adrian Fritz, Ethereum's price has surged 43% in the past month, outperforming Solana temporarily. Fritz be... Read Summary

Jul 18, 4:36 pm

DL News

Analyst Says Ethereum Surge to $7,000 Isn't 'Unrealistic'

Ethereum has surged nearly 50% in the past two months, attracting institutional investors and predictions of a new all-t... Read Summary

Jul 18, 4:16 pm

Decrypt

Who Custodies Strategy's $72 Billion in Bitcoin?

Strategy, a Bitcoin treasury giant, has multiple custodians for its $72 billion worth of BTC, including Coinbase. Despit... Read Summary

Jul 18, 3:44 pm

Decrypt

Dave Portnoy Says He 'Would've Made Millions' on XRP, But Sold Too Early

Dave Portnoy, founder of Barstool Sports, publicly regrets selling his XRP before it surged to an all-time high, missing... Read Summary

Jul 18, 3:07 pm

Decrypt

Labour Party Pushes Ban on Crypto Donations to UK Politicians

Labour MP Pat McFadden suggested banning crypto donations in the UK to prevent illicit or foreign funding of political c... Read Summary

Jul 18, 12:35 pm

DL News

Robert Leshner's Takeover of LQR House Led to Stock Volatility and a Shift Towards Crypto Treasury

Robert Leshner's takeover of LQR House resulted in a 266% stock surge followed by a sharp crash, causing significant los... Read Summary

Jul 18, 12:06 pm

Decrypt

Former UK Investigator Sentenced to 5 Years for Stealing Bitcoin During Dark Web Investigation

A former NCA officer was sentenced to five and a half years for stealing 50 BTC during a dark web investigation. He expl... Read Summary

Jul 18, 10:28 am

Decrypt

Crypto Market Cap Tops $4T For First Time

The total value of all cryptocurrencies topped $4 trillion for the first time, driven by Bitcoin and Ethereum. Regulator... Read Summary

Jul 18, 5:23 am

Decrypt

Former Rugby Player Sentenced to Prison for Defrauding Investors in Fake Crypto Scheme

Shane Donovan Moore, a former semi-pro rugby player, has been sentenced to two and a half years in federal prison for de... Read Summary

Jul 18, 4:20 am

Decrypt

XRP Leads Crypto Surge as House Passes Bills, Including GENIUS Act

Recent crypto price surges are attributed to positive developments in Washington, D.C., with XRP leading the top 20 cryp... Read Summary

Jul 18, 3:28 am

Decrypt

Kraken Introduces US-Regulated Futures Platform as Congress Moves On Landmark Crypto Bills

Kraken has launched a regulated crypto futures platform for U.S. clients, coinciding with the House's passage of digital... Read Summary