Pump.fun's revenue reached a record $93 million in November

The revenue of the meme token launch and trading platform Pump.fun, based on the Solana blockchain, reached $93 million last month, marking a record for the platform. This data was reported by DeFi Llama.

Compared to October, the profit increased by approximately 208%. The cumulative revenue of the platform has now reached $247 million. To date, more than 4.2 million meme tokens have been issued on Pump.fun, with the total market capitalization of the assets generated by the service exceeding $6.5 billion.

In October, the developers of Pump.fun announced their intention to launch a token and introduced the Pump Advanced trading terminal with enhanced features for advanced users.

Additionally, Pump.fun has enabled the tokenization of videos.