Data: The number of Meme coins created on the Pump.fun platform has exceeded 1 million

ChainCatcher news, according to a report by Bloomberg, based on data compiled by Subin Alon, a data analyst at the crypto venture capital firm Hashed, since its launch in January, over 1 million meme coin projects have been created on the Pump.fun platform, which is based on the Solana and Blast blockchains. Pump.fun has become the preferred venue for retail investors to create and trade meme coins, gaining popularity and generating an estimated revenue of over $50 million in just six months. According to Alon, the website's design is inspired by the minimalist style of 4chan, as Pump.fun's initial target audience was users of the 4chan forum.

This year, Pump.fun has also attracted the attention of celebrities, including rapper Iggy Azalea, who launched a token called MOTHER on Pump.fun. Alon stated that Pump.fun has also been influenced by SocialFi platforms like Friend.tech, which are seen as competitors to cryptocurrency products relative to X and other social media giants.