In November 2024, the world by no means noticed a meme coin launchpad pump-like pump.enjoyable had till the tip of November when it reported incomes itself its highest income but, $82.78 million. That is important, as it is a 207 p.c enhance in platform site visitors and transactions.
The platform was launched in March 2024 and has been rising, considerably surprisingly, to an unprecedented scale. $82.78 million for November DeFi Llama data shows that the platform has already taken in additional than 35 p.c of complete revenue since inception.
We nonetheless have a number of days left, so we should always anticipate that income to maintain rising, and November will probably be Pump.enjoyable’s greatest month up to now.
It’s additionally evident in an enormous surge within the variety of token launches. Pump. On November 20, Enjoyable reached a milestone: extra tokens had been launched in a single day than ever, and 69,046 Solana-powered tokens had been launched on the platform. Moreover, platform quantity has additionally seen an explosive uptick of greater than $4.15 billion in complete quantity within the final two weeks.
Pump.enjoyable Faces Backlash Over Livestream Function Amid File-Breaking Success
Recently, Pump.fun has been getting slammed for its livestream characteristic, however it is a record-breaking success. In August 2024, the characteristic was built-in to permit coin builders to have real-time interactions with customers. It was criticized, although, for being abused to broadcast dangerous content material, together with self-harm, which was aired.
The group went on to right away disable the livestream characteristic and in addition labored to boost content material moderation on the platform, following a lot of backlash from the group.
On November 23, Alon (Pump. enjoyable founder) responded publicly to the difficulty on X. He defended the dangerous threat content material and mentioned the hurt threat content material to customers that they had been attempting to combat the issue. “We’ve got a group of moderators which can be working across the clock and an inner group of engineers, that we’re working with to take care of the size of cash, streams, and feedback,” Alon said.
Regardless of the steps that Pump. However the system is clearly not good, Alon said. He took enjoyable to moderating and making certain security, flagging NSFW supplies, and taking down inappropriate content material. He additionally requested customers to make use of the platform’s assist channels to report dangerous content material to maintain the atmosphere protected.
All this however, Pump. enjoyable’s fast rise and market dominance present it’s a severe participant within the meme coin house. It retains attracting very excessive curiosity and funding from customers and traders past these obstacles relating to content material moderation and person security.
