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Pump.fun Is Solana First $1B Revenue App: Expansion to Ethereum Incoming

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Pump.fun Is Solana First $1B Revenue App: Expansion to Ethereum Incoming

Pump.fun has officially generated over $1 billion in cumulative revenue, becoming the first application in Solana history to cross the ten-figure milestone.

The viral memecoin launchpad, which pioneered the bonding curve model to deter rug pulls, has now outpaced nearly every DeFi protocol in crypto by fee generation.

But the revenue record is already secondary to a potentially larger shift. Subdomain registrations for ethereum.pump.fun, base.pump.fun, and monad.pump.fun have been identified on-chain, signaling that an aggressive cross-chain expansion is imminent.

Source: Dune

Since its launch on January 19, 2024, Pump.fun has facilitated the creation of around 12 million tokens. At the height of the memecoin frenzy in late 2024, the platform accounted for approximately 62% of all daily transactions on the Solana network.

The platform’s revenue engine is relentless. By April 2025, total fees hit 1.52 million SOL. Daily revenue consistently hovers around $1 million. This volume has made Pump.fun the de facto ‘Solana revenue’ driver, overshadowing legacy DeFi applications.

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However, the metrics also reveal the extreme volatility of the product. Data suggests 98.5% of tokens launched on the platform fail to complete their bonding curve, effectively going to zero. Despite this, user retention remains high, with lifetime unique users exceeding 22 million.

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What the Subdomain Registrations Actually Reveal About Pump.fun’s Next Move

The discovery of formatted subdomains for Ethereum, Base, and Monad is not a definitive roadmap, but it is a strong signal of intent.

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Expansion to the Base network represents the most logical immediate step. Base has cultivated a thriving retail user base similar to Solana’s, but currently lacks a single dominant launchpad with Pump.fun’s brand recognition.

A successful deployment here would unify the fractured memecoin liquidity currently spread across smaller forks.

The Ethereum subdomain points to a different strategy. While high gas fees historically deterred memecoin trading on mainnet, Wall Street is choosing Ethereum as the backbone of institutional DeFi, which could allow Pump.fun to tap into deeper capital markets.

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How Pump.fun Expanding From Solana to Ethereum and Base Changes the Launchpad Wars

If Pump.fun successfully ports its UI and bonding curve mechanics to EVM chains, it instantly threatens native competitors.

On Base, protocols like Clanker have gained traction, but they lack the massive war chest, fueled by $1.3 billion in ICO and private funding, that Pump.fun now commands.

Security remains the primary wildcard in this expansion. The memecoin launchpad sector is notoriously fragile.

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Recently, the Bonk.fun website was hijacked by a malicious actor, draining user wallets and highlighting the risks inherent in these high-velocity platforms. Expanding to new chains multiplies these attack vectors significantly.

If Pump.fun can maintain security while deploying on multiple chains, it effectively universalizes the ‘launchpad’ experience, turning it into a chain-agnostic utility rather than a feature exclusive to Solana.

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The post Pump.fun Is Solana First $1B Revenue App: Expansion to Ethereum Incoming appeared first on Cryptonews.

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Crypto World

Cathie Wood Sees No More 85% Bitcoin Price Drawdowns Versus All-Time Highs

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Cathie Wood Sees No More 85% Bitcoin Price Drawdowns Versus All-Time Highs

Bitcoin (BTC) is “done” with drawdowns of 85% or more from all-time highs, says ARK Invest CEO, Cathie Wood.

Key points:

  • Bitcoin will not see another correction of 85% or more versus its latest all-time high, Cathie Wood argues.

  • A new prediction sees $34,000 becoming the next BTC price bottom.

  • Bitcoin bear-market seasonality hints that a reversal could come this month.

Wood on BTC price: No more 85% “collapses”

In an interview with CNBC’s Squawk Box segment on April 1, Wood stayed calm about double-digit BTC price losses.

“Believe it or not, in the Bitcoin community, down 50% — if that’s as far as it goes — they’ll consider that a real victory,” she said.

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“Because you’re right; the 85-95% collapses associated with a very new technology — that’s done. This is a proven technology, it’s a proven monetary system and it’s a new asset class.”

Wood, a longtime Bitcoin bull, was speaking as Bitcoin circled its old $69,000 all-time highs from 2021.

Those preceded a year-long bear market in which BTC/USD lost nearly 80% before bottoming at $15,600. That marked the latest such correction, with bear markets typically bringing losses around the 80% mark.

Data from onchain analytics platform Glassnode shows that the current bear market has yet to match historical patterns with maximum downside versus Bitcoin’s $126,200 record from October 2025 at 52%.

BTC price drawdowns from all-time highs. Source: Glassnode

Responding to Wood, analyst Tony Severino predicted that 2026 would bring a price bottom equal to a 72% drawdown.

“Correct, -72% max drawdown next =$34,000,” he wrote on X.

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That figure exceeds commonly held predictions by traders for where Bitcoin’s next generational floor will be. As Cointelegraph reported, consensus favors the area between $40,000 and $50,000.

This week, however, Bloomberg Intelligence analyst Mike McGlone warned that price may already be trending toward seven-year lows

Bitcoin historically rebounds in April

Continuing the bear-market comparison, data from network economist Timothy Peterson revealed that April could mark some form of inflection point for price.

Related: Bitcoin risks new lows as US dollar targets highest level since April 2025

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A chart uploaded to X this week shows April typically being a recovery month during bearish phases. 

Bitcoin bear-market price comparison. Source: Timothy Peterson/X

The March monthly close, meanwhile, ended a five-month losing streak for BTC/USD with modest gains of 1.8%.