Pump.fun Becomes First Platform on Solana to Surpass $1 Billion in Total Value Locked
By: theblockbeats.news|2026/03/12 19:02:48
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BlockBeats News, March 12th, according to The Block, Pump.fun has become the first platform on Solana to accumulate over $1 billion in revenue since its launch in early 2024. According to DefiLlama data, the platform's revenue was $321.3 million in 2024, $664 million in 2025, and $98.3 million to date in 2026. For comparison, the decentralized trading aggregator Jupiter in the Solana ecosystem has accumulated $401.3 million in revenue since launch, and the automated market maker Raydium has accumulated $126.9 million in revenue.
Currently, Pump.fun has used almost all protocol revenue to buy back the PUMP token. On March 11th, the platform completed a buyback of approximately $1.25 million, accounting for 99.93% of the previous day's revenue. Since the start of this buyback program, the platform has repurchased about $323.4 million worth of PUMP tokens, accounting for 28.8% of the circulating supply.
According to data annotated by Solana Floor, public domain records show that Pump.fun has subdomains pointing to Ethereum, Base, BSC, and Monad. Meanwhile, the platform has also removed Solana as the location from its X number of profiles.
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