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Cryptopolitan 2025-01-03 11:28:25

Pump.fun flips Ethereum for weekly revenues

Pump.fun retained its trend of fee production, most of which goes toward the team’s treasury. The meme token platform surpassed Ethereum based on weekly fees. The Solana meme token boom continues, as Pump.fun achieved $28.56M in weekly fees. The platform mostly retains the earnings and liquidates them toward the team’s treasury. As of December 2, Ethereum weekly revenues reached $25.36M after a few slow days at the end of the year. Revenues for Ethereum and other protocols vary by day, and the usual balance points toward higher fees. However, Pump.fun lines up among major protocols for last month’s fees, which exceeded $90M. At this stage, Pump.fun is close to LidoDAO and Uniswap, while producing more than double the fees of Aave and Sky Protocol (Maker). The token platform also completed another SOL deposit to Kraken, using the recent rally of SOL above $200. The site has not made any mentions of redistributing its profits. The last SOL sale is valued at $13.11M, while Pump.fun still holds 356.9K SOL. Pump.fun posts peak fees in December The past three months for Pump.fun established a higher baseline for daily active users. The platform remained successful despite removing the live streaming feature . The platform did not lose out active wallets, despite the warning and removal of service for UK-based users. During the summer boom of Pump.fun, a smaller number of wallets turned into token creators. Since then, more participants are launching tokens, with up to 26,000 daily users becoming token developers. Additionally, more tokens are graduating to Raydium , and users are also focusing on locked liquidity to avoid rug pulls. As a result, Raydium still produces over $132.58M in monthly fees, ending the year with a total of over $675M. Pump.fun remains as risky as ever, but meme users are becoming more discerning. The goal is to snipe early, while watching for memes that may gain traction. On highly active days, Pump.fun fees reached $13.99M or 72,506 SOL. The platform’s profile shifted in the last month of 2024, with fewer tokens launched, but a higher number of active wallets. The site got most of its visits from the USA, where it ranked at position #26 among financial sites. The meme token platform even flipped Nasdaq for its short-term visits spike. The Pump.fun phenomenon is mostly driven by Western investors, treating it like a risky source of high returns. Pump.fun expanded among finance and investment sites, with a crossover from news and contemporary events as a major source of memes. | Source: SimilarWeb While the UK initially decreased its share of visits, some of the users are returning, despite the risk warnings. In the past month, 8.29% of the traffic came from the UK, up more than 108% for the past month. Pump.fun draws its visitors from younger demographics, with up to 64% in the age brackets under 34 years old. The site is crossing over topics from finance and investing, with a mix of news and contemporary events. Pump.fun remains one of the most visited sites, along with other Solana resources like Solscan, DexScreener, DexTools and the Jupiter aggregator. The common usage of those sites shows Pump.fun is key to popularizing the entire Solana ecosystem, leading up to DEX trading on Raydium. Pump.fun competes with new AI agent tokens Pump.fun was the main tool for creating AI agent tokens. In the past weeks, Virtuals Protocol and other AI agent platforms started expanding their influence. However, Pump.fun retained its primacy and is still used to create new AI agent tokens. AI agent tokens are one of the growing sectors in the beginning of 2025. The collection of AI agents took months to grow to a valuation of $10B, but only a couple of days to rally to over $15B . The shift to AI tokens may become the main competitor of Pump.fun, while also helping to bring higher traffic to Solana. When it comes to memes, the early AI tokens are still going strong. FARTCOIN, one of the early creations of Truth Terminal, rallied to an all-time high of $1.45 , after being mentioned by CNBC. The rally showed that AI-generated tokens still behaved like memes, and the new wave of agents would face a steep competition. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

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