Popular Solana-based token launchpad platform Pump.fun has seen its revenue hit a record $121 million in January, far above the $80.3 million the platform saw back in December of last year, and breaking the $100 million mark for the first time.
Pump.fun’s previous revenue record was seen in November 2024, when the platform brought in $93.88 million in total, according to data from DeFiLlama, which also shows that its trading volume jumped from $6 billion in December to $7.5 billion in January.
The platform’s revenue comes from its trading volume, as it charges a 1% fee on all the trades that are conducted on its platform. On top of this, users also pay a small fee of around 0.02 SOL to create tokens on the platform, which are then traded within it until they reach a specific threshold.
Reaching that threshold means that the tokens are then listed on leading Solana-based decentralized exchange Raydium, in a process that also sees Pump.fun take a two SOL fee on top.
Pump.fun’s Controversial Growth
The token launchpad saw significant growth over the last few months, partly as it allowed anyone to launch their own memecoin and initially included a livestreaming feature that helped creators promote their tokens.
The livestreaming feature had to be later shut down, as the platform grew so fast its moderation systems were unable to keep up, and some extreme content ended up being livestreamed as token launchers fought for attention.
Late last month, Pump.fun was served with a $500 million class-action lawsuit alleging that every token launched on the platform constitutes an unregistered security and suggesting it engaged in “aggressive marketing tactics” that helped inflate demand for its tokens and led to retail investor losses.
Pump.fun has faced legal action before. In mid-January, Burwick Law announced its own lawsuit against the platform, alleging rug pulls and broken promises that led to investor losses.
Burwick Law also cited the platform’s content, claiming it has become a haven for disturbing material, including public displays of illicit drug use, self-harm, racism, antisemitism, lewd acts, and violent imagery.
Disclaimer
This article is provided for information only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
