3h ago
Pump(.)Fun Is Still The Highest Fee-Generating Protocol On Solana And It'S Not Close.
$1.84M in fees in the last 24 hours, ahead of @JupiterExchange ($430K), @sanctumso ($425K), @jito_sol ($375K), and @MeteoraAG ($272K). A memecoin launchpad is out-earning every DEX, LST, and liquidity protocol on the chain.
@Pumpfun has a $201M TVL and a $1.05B market cap, yet it generates more daily revenue than protocols with 6 to 9 times its TVL. Jupiter sits at $1.8B TVL and makes less than a quarter of what Pump does in fees daily.
Whatever you think of memecoins, https://t.co/xEqnWjWQ45 is one of the most capital-efficient fee machines in all of DeFi.
What do you think is driving all of their volume, and revenue?
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