Pump.fun's accumulated revenue exceeds 800 million USD, with transaction fees as the main source

According to news from Hash World, the memecoin issuance platform Pump.fun on the Solana chain has accumulated revenue exceeding 800 million USD, primarily due to a 1% transaction fee. Recently, the platform has regained its leading position in terms of the number of graduation tokens, as the main memecoin users of LetsBonk.fun have shifted to Pump.fun. Currently, Pump.fun's daily revenue has stabilized at over 1 million USD, while LetsBonk.fun's daily revenue has dropped below 30,000 USD. Additionally, last month, Pump.fun raised 600 million USD through an initial token offering in just 12 minutes and repurchased tokens at prices above the market rate to maintain price stability. In relation to this, recently Solana's performance has lagged behind the Base network, which saw the daily launch of 57,970 memecoins, compared to Solana's 32,760.