PANews August 20 news, according to The Block, the Solana-based Memecoin issuance platform Pump.fun has accumulated revenue exceeding $800 million, mainly from a 1% transaction fee. The platform has recently regained its leading position in the number of graduated tokens, as the top Memecoin deployer of LetsBonk.fun migrated to Pump.fun. Pump.fun's daily revenue has stabilized over $1 million, while LetsBonk.fun's daily revenue has fallen below $30,000. Additionally, Pump.fun raised $600 million within 12 minutes through an initial token offering last month and is currently repurchasing tokens at prices above market value to stabilize prices. Solana has recently been surpassed by the Base network, with Base launching 57,970 Memecoins in a single day, compared to Solana's 32,760.