Pump.fun reaches monthly revenue peak with $93 million in November, rakes in cumulative revenue of $240 million

Solana-based memecoin generation and trading platform Pump.fun hit an all-time high of over $$93 million in terms of monthly revenue in November, according to DefiLlama data.

This figure represents a 207% increase over October's total, which was an all-time high of $30.5 million. Meanwhile, its cumulative revenue stands at $240 million.

The strong performance in October and November reversed a two-month revenue decline seen in August and September, where revenues fell by an average of 29% each month. This rebound suggests renewed investor interest and activity on the platform.

So far, over 4.2 million memecoins have been deployed via pump.fun, according to data  from Dune Analytics. 

Pump.fun ecosystem growth and market performance

According to CoinGecko , the total market capitalization of tokens launched through Pump.fun now stands at $6.63 billion, reflecting a 2.9% decrease over the past 24 hours. Despite the short-term dip, several tokens have shown impressive gains.

Memecoins such as Peanut the Squirrel have grown significantly, rising by 10% in the last 24 hours and achieving an impressive 900% increase over the past month. Similarly, Moondeng surged by 99% in the past day and has gained more than 285% over the last month. Leading the performance rankings in terms of monthly gains is Act I: The AI Prophecy, which recorded a remarkable 3,500% increase in value over the past 30 days, according to CoinGecko.

Amid rising platform revenue, Pump.fun recently announced a new advanced trading terminal and teased an upcoming token launch in an X space in mid-October, marking a major announcement for the popular protocol. 

Pump.fun is "planning to launch a token in the future," the protocol's team announced alongside the reveal of "pump advanced," a trading terminal with advanced features for power users. 

Pump advanced's main view includes charts, top holder stats, advanced filters, live-updating threads, and other features designed to appeal to heavy users of pump.fun. The site also allows users to utilize non-custodial wallets by logging in via authentication platform Privy.