Pump.fun accounts for over a third of Solana app revenue in Q1

Solana-based memecoin launchpad Pump.fun accounted for a significant portion of the network's revenue in the first quarter, despite a slowdown in the memecoin craze, Cointelegraph reported. Total revenue for all Solana-based applications reached $342.2 million, with Pump.fun contributing $124.7 million. The primary sources of fees were memecoins and real-world assets (RWA).