According to online reports, according to The Block, the cumulative revenue of Pump.fun, the Memecoin distribution platform on the Solana chain, has exceeded US$800 million, mainly from a 1% transaction fee. The platform recently regained its lead in the number of graduation tokens due to the migration of LetsBonk.fun's leading Memecoin deployer to Pump.fun. Pump.fun's daily income has steadily exceeded US$1 million, and LetsBonk.fun's daily income has dropped below US$30,000. In addition, Pump.fun raised US$600 million in 12 minutes through an initial token offering last month and is buying back tokens at above market value to stabilize prices. Solana has recently been overtaken by Base Network. Base has 57,970 Memecoins launched in a single day, compared with 32,760 in Solana.