Pump.fun Drives Over a Third of Solana's Q1 Revenue Despite Memecoin Slowdown
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This One Single App Accounted for Over 1/3 of All Application Revenue on Solana Blockchain in Q1 2026
Solana memecoin launchpad platform, Pump.fun, generated more than a third of all application revenue on the Solana blockchain in the first quarter, underscoring how speculative retail trading continues to shape activity across crypto networks even as memecoin enthusiasm cools, according to a Q1 2026 report blockchain research firm, Messari. Pump.fun brought in roughly $124.7 million in revenue during the quarter, accounting for about 36% of the …
Pump.fun accounted for 30% Solana's Q1 revenue despite memecoin slowdown
Pump.fun (PUMP) has emerged as one of the most dominant applications on Solana, accounting for more than one-third of the network’s application revenue in the first quarter.This performance comes at a time when memecoin activity across the ecosystem has cooled significantly, with lower trading volumes and reduced retail participation compared to previous peaks.Despite the slowdown in speculative momentum, Pump.fun has continued to generate consi…
Key points of the news: Pump.fun generated $124.7 million in revenue during Q1 2026, representing more than a third of the total recorded in the Solana network. The platform’s revenues grew by 17% quarterly, while the RWA in Solana exceeded $2 billion in capitalization. Goldman Sachs and Intesa Sanpaolo reduced their positions in SOL’s ETFs, although the Italian bank doubled its total exposure to crypto assets. Pump.fun closed the first quarter …
Pump.fun generates 124.7 million dollars in Solana revenue during Q1 2026 - The Cryptocurrency Post
The largest revenue generator within the Solana network during the first quarter of 2026 remained the memecoin launchpad platform Pump.fun. The application managed to bring in $124.7 million in Q1 2026, a figure that represents more than a third of the network’s $342.2 million in total application revenue. This financial performance materialized despite a visible cooling of overall trading activity tied to humor-themed assets. According to data …
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