- Pump. Fun helped launch over 6 million memecoins by January 2025, creating a new market.
- PumpSwap reached $1 billion in trading volume in just one week, showing its success.
- iPump. Fun plans to introduce revenue-sharing for creators to reshape the creator economy.
Pump.Fun, co-founded by Alon Cohen, has seen remarkable growth since its launch in January 2024. In its first year, users launched over 6 million memecoins, generating more than $350 million in revenue. This success was driven by the platform’s user-friendly interface and a 1% transaction fee. The platform, built on the Solana blockchain, has revolutionized how memecoins are created and traded, significantly impacting the memecoin culture.
In an interview hosted by BanklessHQ, Cohen highlighted the platform’s evolution and how it has made memecoins less extractive in nature. The discussion also touched on the broader influence of Pump.Fun in the cryptocurrency world, particularly its role in the rapid proliferation of memecoin projects. Further, Cohen addressed concerns about unethical practices in the memecoin market, advocating for more accountability and transparency in the ecosystem.
The Launch of PumpSwap: A Game-Changer for DeFi
One of the developments in the Pump.Fun ecosystem is the launch of PumpSwap, the platform’s decentralized exchange. Introduced on March 20, 2025, PumpSwap quickly surpassed $1 billion in trading volume within the first week. This DEX is set to redefine decentralized finance by offering features like instant, fee-free token migrations, enhanced liquidity, and a revenue-sharing model for creators.
By March 24, PumpSwap achieved daily fees exceeding $1 million, a testament to its popularity. The DEX’s success also marks a shift from its initial reliance on the Solana DEX Raydium as Pump.Fun aims to provide a more seamless experience for users exchanging memecoins.
Related: Meme Coin Boom Slows, Pump.fun Faces Revenue Decline
Pump.Fun’s Vision and the Road Ahead
As Pump.Fun continues its journey, its future plans are focused on developing beyond just a memecoin launchpad. The platform anticipates a space where creators can make money through their content, mirroring how traditional social media platforms operate. However, Pump.Fun plans to incorporate financial incentives into the mix, offering unique opportunities for content creators to benefit from both social engagement and investment opportunities. Despite the platform’s rapid growth, it faces problems with regulatory boards. To be compliant with regulations, Pump.Fun has suspended services in certain regions, including India.
