Pump.fun Becomes Solana’s Initial $1B Revenue Application: Plans to Expand to Ethereum Ahead

Pump.fun has officially surpassed $1 billion in total revenue, marking the first application in Solana’s history to achieve this ten-figure benchmark.

The popular memecoin launchpad, which introduced the bonding curve model to prevent rug pulls, has now outperformed nearly all DeFi protocols in the crypto space in terms of fee generation.

However, this revenue achievement is already secondary to a potentially more significant development. On-chain data has revealed subdomain registrations for ethereum.pump.fun, base.pump.fun, and monad.pump.fun, indicating that a robust cross-chain expansion is on the horizon.

Source: Dune

Since its inception on January 19, 2024, Pump.fun has enabled the creation of approximately 12 million tokens. During the peak of the memecoin craze in late 2024, the platform represented around 62% of all daily transactions on the Solana network.

The platform’s revenue generation mechanism is unyielding. By April 2025, total fees reached 1.52 million SOL, with daily revenue consistently around $1 million. This volume has established Pump.fun as the primary revenue generator for Solana, eclipsing traditional DeFi applications.

Nonetheless, the metrics also highlight the extreme volatility associated with the product. Data indicates that 98.5% of tokens launched on the platform fail to complete their bonding curve, effectively becoming worthless. Despite this, user retention remains robust, with lifetime unique users surpassing 22 million.

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What the Subdomain Registrations Actually Reveal About Pump.fun’s Next Move

The identification of formatted subdomains for Ethereum, Base, and Monad does not provide a definitive roadmap, but it serves as a strong indication of intent.

According to SolanaFloor, the memecoin launch platform Pump.fun has registered subdomains on Base, BSC, Monad, and Ethereum, implying it may be considering expansion beyond the Solana ecosystem. Additionally, Pump.fun has removed “Solana” from the location tag on its X profile.…

— Wu Blockchain (@WuBlockchain) March 12, 2026

Expanding to the Base network represents the most logical immediate progression. Base has developed a vibrant retail user base akin to Solana’s, yet currently lacks a single dominant launchpad with Pump.fun’s brand recognition.

A successful implementation here would consolidate the fragmented memecoin liquidity that is presently distributed across smaller forks.

The Ethereum subdomain suggests a different approach. While high gas fees have historically discouraged memecoin trading on the mainnet, Wall Street is selecting Ethereum as the foundation of institutional DeFi, which could enable Pump.fun to access larger capital markets.

How Pump.fun Expanding From Solana to Ethereum and Base Changes the Launchpad Wars

If Pump.fun successfully adapts its UI and bonding curve mechanics to EVM chains, it poses an immediate threat to native competitors.

On Base, protocols like Clanker have gained popularity, but they do not possess the substantial financial resources, bolstered by $1.3 billion in ICO and private funding, that Pump.fun currently holds.

Security remains the primary variable in this expansion. The memecoin launchpad sector is notoriously vulnerable.

Recently, the Bonk.fun website was compromised by a malicious actor, draining user wallets and underscoring the risks associated with these fast-paced platforms. Expanding to new chains significantly increases these attack vectors.

If Pump.fun can uphold security while launching on multiple chains, it effectively transforms the ‘launchpad’ experience into a chain-agnostic utility rather than a feature limited to Solana.

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