According to Bijie.com, data shows that Pump.fun, a Solana-based memecoin launch platform, has surpassed $800 million in total revenue. According to the Dune dashboard of anonymous on-chain analyst @adam_tehc, the platform has collected a cumulative $800,668,932 in fees. Pump generates revenue by charging a 1% exchange fee on all token transactions on the platform. Before launching its own DEX, PumpSwap, the platform charged fees when tokens "upgraded" to Raydium after reaching a certain market capitalization. While Pump spearheaded last year's memecoin craze, it faces increasing competition from LetsBonk.fun, a newer Solana memecoin platform. Since its launch in April 2025, Let'sBonk has seen significant growth, driven by its integration with the Raydium LaunchLab and support from the Bonk memecoin community. Last month, LetsBonk surpassed Pump in terms of the number of tokens on the memecoin launch platform, becoming the leader. However, Pump recently reclaimed the top spot. Prominent cryptocurrency trader @WazzCrypto attributed the change to the top ten memecoin deployers on LetsBonk migrating to Pump. Pump's daily revenue has remained consistently above $1 million, while LetsBonk's has plummeted from around $1 million at the beginning of the month to below $30,000. Meanwhile, Pump launched its native token through an initial coin offering (ICO) last month, raising $600 million in just 12 minutes. The platform is currently buying back tokens at a significant premium to the market price to stabilize their price. Solana itself recently lost its position as the dominant memecoin network, being overtaken by Base, a Coinbase-incubated platform. The recently launched Base app integrates with Zora, a decentralized social media platform that automatically mints posts into ERC-20 tokens. The Block's data dashboard shows that Base launched 57,970 memecoins on Monday, while Solana launched 32,760.