Pump.fun has made a splash at the beginning of 2025, reaching a remarkable $15 million in revenue on January 1st, marking its highest single-day performance ever. This achievement highlights the accelerating momentum of the meme coin sector on the Solana blockchain. According to data from Dune Analytics, the platform generated 72,506 SOL, translating to that impressive figure, a striking 30% increase from its prior peak of 55,000 SOL back in November 2024.
Since opening its doors, Pump.fun has quickly become the go-to platform for launching and creating meme coins on Solana. To date, it has helped deploy 5.39 million tokens, accumulating over 2.02 million SOL in revenue, which is worth about $418.7 million at current exchange rates.
Throughout December 2024, Pump.fun maintained its leadership in the Solana ecosystem, dominating 52.8% of all decentralized exchange (DEX) transactions. Remarkably, this strong activity level continued even as the platform faced challenges, including being banned in the UK during that period.
The platform’s success has attracted rival ventures, such as SunPump on the Tron blockchain and GraFun, a multi-chain platform. Nonetheless, Pump.fun has held firm, raking in between $2 million and $3 million in daily revenue throughout December.
On January 1st, in light of its success, Pump.fun transferred 355,608 SOL to the Kraken exchange, leading to a cumulative total of 1,564,064 SOL in transfers. Included in this was 264,373 SOL, equating to around $41.64 million USDC.
Despite a cloud of controversy in late 2024 surrounding inappropriate livestream content—where a young user showcased the creation of a meme coin leading to a rug pull—Pump.fun still recorded its then-highest daily revenue of 55,832 SOL, or about $11 million. In response to the backlash, the platform temporarily disabled the livestream feature.
Entering the new year, the overall Solana meme coin market has surged, with market capitalization now hitting $20.9 billion, representing a 12.5% increase since late 2024. New tokens like ai16z and Fartcoin have quickly gained traction, with ai16z noting an 8.9% price increase while Fartcoin surged by an impressive 43.7%, both reaching all-time highs shortly after their launches.
These new projects are not just fads; they’ve established themselves in the top 10 meme coin rankings, signifying a healthy demand for fresh ideas within the Solana network. Throughout 2024, Pump.fun consistently outperformed many Ethereum protocols and other Solana platforms in terms of fee generation and revenue, and the trend appears to persist as 2025 unfolds.
Daily revenue numbers reflect this growth, transitioning from a steady $2-$3 million in December to an astonishing $15 million on the first day of the new year. This surge in activity coincides with broader increases in transaction volumes across the Solana network, particularly in the DEX sector, where Pump.fun transactions account for a hefty portion of overall activity.
New token launches have continued to show impressive success rates, with many projects achieving vital listing and trading milestones shortly after their introduction. It’s a thrilling time for both Pump.fun and the meme coin market at large, as 2025 promises to be a year filled with potential and excitement.
