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.

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.

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.

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.

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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