Pump.fun became the largest revenue generator of any blockchain or protocol over the past 24 hours, data shows.
Celebrity-inspired meme coins spurred a surge in revenue for token launchpad Pump.fun over the past 24 hours, lifting the protocol's revenue above the Ethereum blockchain's for the first time.
Data from Dune Analytics shows that 11,528 tokens were deployed on Monday bringing the cumulative total up to 1,199,685. Cumulative revenue on the platform has now reached $50.9 million.
The narrative around celebrity-themed meme coins began in late May when the likes of Caitlyn Jenner, Iggy Azalea, Trippie Redd, and Davido all set up meme coins on Solana.
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