Gate News: On March 12, Pump.fun has generated approximately $1.08 billion in total revenue since its launch in early 2024, becoming the first platform on the Solana blockchain to surpass $1 billion in revenue. According to data from DefiLlama, the platform’s revenue in 2024 was $321.3 million, in 2025 it reached $664 million, and so far in 2026, it has earned $98.3 million. In comparison, the decentralized trading aggregator Jupiter in the Solana ecosystem has accumulated $401.3 million in revenue since launch, and the automated market maker Raydium has earned $126.9 million. Pump.fun allocates nearly all protocol revenue to buy back PUMP tokens. On March 11, the platform executed a buyback of about $1.25 million, accounting for 99.93% of the previous day’s revenue. Since the buyback program started, the platform has repurchased approximately $323.4 million worth of PUMP tokens, representing 28.8% of the circulating supply. Despite this, the current trading price of PUMP remains below the initial issuance price of $0.004, well below its all-time high of $0.0088. Additionally, public domain records show that Pump.fun has established subdomains pointing to Ethereum, Base, BSC, and Monad, and the platform has also removed Solana’s geographic identifier from its X account. Previously, Pump.fun added support for tokens created on platforms like Raydium and Meteora in its mobile app and acquired the cross-chain trading terminal Vyper.
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