Pump.fun Reaches Highest Revenue in 24 Hours, Outperforming Ethereum!

Bittime - Based on the latest data from Defillama, Pump.fun managed to generate transaction revenue of $5.33 million in one day. Nearly triple Ethereum's revenue, which was only $1.67 million.

Pump.fun Becomes a Leader in the DeFi Sector

Source: Defillama.com

Pump.fun managed to achieve revenue of $5.33 million, outperforming other platforms, including Ethereum. This feat was achieved by Pump.fun in the last 24 hours, and places it at the top in terms of daily transaction revenue.

Lido, which came in second, recorded revenue of $2.36 million, while Ethereum was in third place with revenue of $1.67 million.  Jito and Tron followed in fourth and fifth positions with revenues of $1.34 million and $1.32 million respectively.

Read Also: Raydium, Pump.fun, and Jito are the main sources of income for Solana 

Influence on Ethereum and Other DeFi Platforms

Pump.fun's achievements have implications for Ethereum and other DeFi platforms. Ethereum, known as the largest and most popular smart contract platform, usually dominates in terms of transaction revenue. 

However, the success of Pump.fun shows a shift in the dynamics of the DeFi market. For Ethereum, this may be a signal to continue innovating and improving the efficiency of their network. 

Although Ethereum is still one of the most dominant platforms in the DeFi ecosystem, the emergence of new competitors such as Pump.fun shows that competition is getting tougher.

The Future of Pump.fun and DeFi

Pump.fun's success in achieving high transaction revenue in just 24 hours will certainly attract the attention of more users and investors. This could also be an indication that Pump.fun has the potential to become one of the major players in the DeFi ecosystem.

However, to maintain this momentum, Pump.fun must continue to innovate and offer more value to users. Competition in the DeFi sector is fierce, and only platforms that are able to adapt quickly to market changes will survive.

Read Also: Solana Theft Case by Former Pump.fun Developer

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