Meme coin factory Pump.fun has surpassed $1 billion in revenue, making it the first protocol built on the solana blockchain to reach the milestone. 

The platform launched two years ago and has gained immense popularity in part for jump-starting viral cryptocurrencies such as fartcoin, pnut, and Moo Deng.

The solana-based token launchpad has seen around $98 million in revenue so far this year and is on pace to generate $476 million in annualized revenue, a drawdown from 2025’s figure of nearly $651 million, data from DefiLlama shows. 

Pump.fun’s revenue in the last 24 hours, 7 days, and 30 days places the platform among the top earners in the entire crypto ecosystem, trailing only perpetuals venue Hyperliquid as well as stablecoin issuers Tether and Circle. 

The platform uses the vast majority of its revenue to buy back its native token, PUMP, a program aimed at reducing the circulating supply of the token and absorbing sell pressure. Over $323.5 million worth of PUMP has been purchased since the start of the program, offsetting 28.8% of the cryptocurrency’s circulating supply. 

Currently, the price of PUMP is down 77% from its all-time high set in September 2025, per CoinGecko.