Data: Pump.fun set a new single-day fee revenue record of $15.5 million on January 24

2025-01-26 19:17:22

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ChainCatcher news, according to The Block, the meme coin trading platform Pump.fun set a new daily fee revenue record of $15.5 million on January 24. Since its launch in the Solana ecosystem on January 19, 2024, the platform has achieved $100 million in revenue in just 217 days, becoming the fastest-growing application in crypto history. In the past two weeks, the platform's trading volume has exceeded $4 billion, accumulating over 2.5 million SOL in fees.

The new round of growth for the platform is primarily driven by Vine co-founder Rus Yusupov's launch of Vine Coin, which once had a market cap exceeding $425 million. Although Pump.fun promotes the issuance of compliant projects through innovative mechanisms, there are still U.S. law firms representing affected investors in lawsuits against the platform. Previously, the New York State Department of Financial Services classified such tokens as "emotion-based virtual currencies."

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