Over 1.8 million Meme coins were launched on Pump.Fun, with only 1.4% successfully entering Raydium

According to DefiLlama data, Solana's Meme coin generation platform Pump.Fun has accumulated revenues of $94.5 million, a significant increase from $50 million at the end of June. Since its launch earlier this year, Pump.Fun has facilitated the deployment of over 1.8 million Meme coins, largely thanks to Solana's low transaction costs. The platform uses a bonding curve model that makes price changes more predictable. Of the 1.8 million tokens created, only 1.4% successfully entered Raydium. Pump.Fun mainly generates revenue by charging a 1% transaction fee and high trading volume. Recently, the platform eliminated user token deployment costs and began rewarding creators with 0.5 SOL (about $80) when their tokens cross the bonding curve.