Revenue topped 362m USD: Pump.fun’s revenue recently hit 1,661,078 SOL, equivalent to approximately 362 million USD. This achievement underlines the platform’s prowess in the Solana ecosystem, demonstrating not only its capacity to generate large revenues but also its role as a MAJOR player in decentralized finance.
MAJOR SOL transfers to kraken: The platform optimized liquidity management by transferring significant amounts of SOL to the Kraken exchange. Recent deposits include 109,587 SOL, worth about 24.3 million USD, and 100,000 SOL, valued at 23.45 million USD, illustrating strategic asset distribution and liquidity handling.
Enhanced Solana ecosystem: By converting 264,373 SOL into 41.64 million USDC, Pump.fun has demonstrated adept liquidity management. This strategy, blending sales on decentralized exchanges with centralized deposits, strengthens its market position, positively influencing the overall Solana ecosystem and contributing to its growing DeFi landscape.