Pump.fun, the top meme coin launchpad on Solana, achieved significant growth in October, surpassing 3 million tokens created since its January 2024 launch.
The platform has rapidly gained traction, with an average of 7 tokens being launched every minute. In a single day on October 24, Pump.fun set a new record by minting 36,399 tokens, averaging 25 tokens per minute.
October also saw Pump.fun’s highest monthly token creation, with over 704,000 tokens minted. A total of 10,630 tokens graduated to Raydium, though the percentage meeting migration standards has fallen to 1.51%, indicating some quality concerns as demand for meme coins remains strong.
The platform’s engagement reached new heights, with daily unique active addresses hitting 107,000. This surge in activity contributed to Pump.fun’s highest-ever monthly revenue of $30 million, bringing total earnings to $149 million.
These figures underscore Pump.fun’s growing dominance, showing that the market for meme coins remains strong despite concerns about market saturation and token quality.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
