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Solana-based memecoin launchpad Pump.fun has surpassed $1 billion in total revenue, becoming the first application on the Solana network to reach that threshold since its January 2024 debut.
DefiLlama data shows Pump.fun generated $321.3 million during its first year, followed by $664 million in 2025 and $98.3 million in 2026 so far. Together, these figures bring total revenue to approximately $1.08 billion.
Pump.fun uses a bonding curve mechanism for token launches. New tokens must complete their bonding curve before they are eligible for open market trading. Available data indicates that 98.5% of tokens created on Pump.fun fail to reach the graduation threshold.
Despite the high failure rate, the platform reports more than 22 million unique users over its lifetime and has facilitated the creation of approximately 12 million tokens.
Compared with other Solana applications, Pump.fun’s revenue generation is higher. Jupiter has accumulated $401.3 million since inception, while Raydium has generated $126.9 million.
Most of Pump.fun’s revenue has been directed to a PUMP token buyback initiative. Since the program began, approximately $323.4 million has been spent repurchasing tokens, removing 28.8% of the circulating supply from active trading.
On March 11, 2026, Pump.fun completed a buyback transaction worth roughly $1.25 million, accounting for 99.93% of the revenue generated that day.
Even with the buyback strategy, PUMP continues trading below its $0.004 ICO price and remains significantly under its $0.0088 all-time high. The total PUMP token supply is 1 trillion tokens.
Domain registration records show subdomains for ethereum.pump.fun, base.pump.fun, bsc.pump.fun, and monad.pump.fun. Pump.fun has also deleted Solana as its designated location on its X profile.
The Block reached out to Pump.fun for comment, but no official statement was received before publication.
Pump.fun has expanded its offerings, including support for tokens launched on competing Solana platforms Raydium and Meteora within its mobile application. The company also completed an acquisition of Vyper, a multi-chain trading terminal.
On the Base network, alternative launchpads such as Clanker have established market presence, though none have the same brand awareness as Pump.fun.
During the memecoin surge in late 2024, Pump.fun accounted for approximately 62% of total daily transaction volume on the Solana blockchain.
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