Pump.fun has officially generated over $1 billion in cumulative revenue, becoming the first app in Solana history to cross the ten-figure mark.
Viral launchpad Memecoin, which pioneered the bonding curve model to deter rug pulls, has now surpassed almost every DeFi protocol in crypto in terms of fee generation.
But the revenue picture is already secondary to a potentially bigger change. Subdomain registrations for ethereum.pump.fun, base.pump.fun, and monad.pump.fun have been identified on-chain, signaling that aggressive cross-chain expansion is imminent.
Since its launch on January 19, 2024, Pump.fun has facilitated the creation of approximately 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. As of April 2025, the total fees reached SOL 1.52 million. Daily revenues regularly hover around $1 million. This volume has made Pump.fun the de facto driver of “Solana revenue,” eclipsing older DeFi apps.
However, the measurements also reveal the extreme volatility of the product. Data suggests that 98.5% of tokens launched on the platform fail to complete their bonding curve, effectively reaching zero. Despite this, user retention remains high, with over 22 million unique lifetime users.
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What Subdomain Registrations Really Reveal About Pump.fun’s Next Step
The discovery of subdomains formatted for Ethereum, Base and Monad is not a definitive roadmap, but it is a strong signal of intent.
Expanding the core network represents the most logical immediate step. Base has cultivated a thriving retail user base similar to that of Solana, but it currently lacks a single dominant launchpad with Pump.fun brand recognition.
A successful deployment here would unify memecoin’s fractured liquidity currently spread across smaller forks.
The Ethereum subdomain indicates a different strategy. While high gas fees have historically deterred mainnet memecoin trading, Wall Street is choosing Ethereum as the backbone of institutional DeFi, which could allow Pump.fun to tap into deeper capital markets.
How Pump.fun is expanding from Solana to Ethereum and Base is changing the Launchpad wars
If Pump.fun succeeds in porting its UI and link curve mechanics to EVM chains, it instantly threatens its native competitors.
On Base, protocols like Clanker have gained traction, but they lack the massive war chest, fueled by $1.3 billion in ICOs and private funding, that Pump.fun now commands.
Security remains the main wild card of this expansion. The memecoin launchpad industry is notoriously fragile.
Recently, the Bonk.fun site was hacked by a malicious actor, emptying users’ wallets and highlighting the risks inherent in these high-speed platforms. Expanding to new channels significantly multiplies these attack vectors.
If Pump.fun can maintain security when deploying across multiple channels, it effectively universalizes the “launchpad” experience, turning it into a channel-agnostic utility rather than a Solana-exclusive feature.
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The article Pump.fun Is Solana’s First $1 Billion Revenue App: Expansion to Ethereum Incoming appeared first on Cryptonews.
