Most Influential: Pump.fun
Analysis
Price Impact
MedPump.fun significantly boosted solana's on-chain activity and trading volumes by facilitating easy memecoin creation, demonstrating network scalability. however, its association with speculative excess, a high rate of scams, and subsequent regulatory scrutiny introduces long-term risks and a more cautious market sentiment.
Trustworthiness
HighThe article is from coindesk, a well-established crypto news outlet, and provides specific financial figures (e.g., $150b cumulative volume, $138m monthly revenue) backed by references like defillama, ensuring high reliability.
Price Direction
NeutralWhile pump.fun generated significant bullish momentum for solana's ecosystem due to increased activity and user engagement during its peak, the subsequent sharp fall in revenue, high rate of token collapses due to scams, and ongoing regulatory attention balance out future price prospects, leading to a neutral outlook.
Time Effect
LongThe initial memecoin frenzy and revenue surge were intense but relatively short-lived. however, pump.fun's lasting influence on token launchpad models, the sustained regulatory focus on memecoins and potential securities violations, and the implications for solana's ecosystem will have long-term effects.
Original Article:
Article Content:
CoinDesk News Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Most Influential: Pump.fun The platform saw massive success in 2025, with over $150 billion in cumulative volume, $138 million in monthly revenue, and a notable $500 million token sale in July. By Francisco Rodrigues | Edited by Cheyenne Ligon Dec 10, 2025, 3:00 p.m. Memecoin factory Pump.fun became one of the most influential and polarizing forces in crypto this year, powering a surge of token creation, fueling speculative excess, and testing the limits of retail participation. Launched in early 2024, Pump.fun offers users a way to create a token in seconds for less than two cents' worth of SOL, no coding required. That recipe saw the platform start deploying to over 80% of Solana-based tokens by mid-2025. That breakneck pace drove up blockchain activity and funneled huge volumes of trading into Solana’s decentralized exchanges, with Pump.fun itself seeing more than $150 billion in cumulative volume according to DeFiLlama . At its peak, Pump.fun generated $138 million in monthly revenue, with daily spikes as high as $15 million. A defining moment came in July, when its PUMP token sale raised an estimated $500 million in under 12 minutes at a $4 billion fully diluted valuation. The mania spread quickly. Tokens with names like Fartcoin, Goatseus Maximus, and Peanut the Squirrel saw sudden market caps in the hundreds of millions as memecoin trading fever kept on growing. But behind the froth was also a darker story. The vast majority of tokens collapsed shortly after launch, often due to scams or bot activity. Long-term holders were rare. Analysts flagged rising retail losses, and regulators took notice. U.S. lawsuits alleged fraud and securities violations. After the hype peaked, revenue fell sharply, down 80% from the peak. Pump.fun’s influence, however, hasn’t faded, and token launchpads remain a relevant part of the DeFi sector. Memecoin CoinDesk Most Influential 2025 More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Most Influential: The Wrench Attackers By Francisco Rodrigues | Edited by Cheyenne Ligon 1 minute ago Perpetrators use various tactics, including posing as delivery drivers or waiting at gyms, homes, or hotel rooms, to target victims and demand access to their wallets. Read full story Latest Crypto News Most Influential: Hayden Davis 1 minute ago Most Influential: The Wrench Attackers 1 minute ago Ether Digital Asset Treasury Companies Outpace Peers as Crypto Tailwinds Build: B. Riley 9 minutes ago BONK Slips as Governance Vote Nears, Testing Key Technical Support 11 minutes ago Teacher’s Union Says U.S. Senate Crypto Bill Puts Pensions and Economy at Risk: CNBC 21 minutes ago BNB Lags Wider Market Despite Volume Surge Resistance Levels Hold 26 minutes ago Top Stories Eric Trump's American Bitcoin and Anthony Pompliano's ProCap Add to BTC Holdings 41 minutes ago Telegram Ring Ran Pump-and-Dump Network That Netted $800K in a Month: Solidus Labs 1 hour ago Superstate Rolls Out Direct Stock Issuance for Public Companies on Ethereum, Solana 2 hours ago Bitcoin Volatility Is Still Compressing, Dimming Year-End Rally Outlook 1 hour ago Crypto Markets Today: Fed Rate-Cut Hopes Lift BTC, ETH as Traders Brace for Volatility 3 hours ago Binance Co-CEO Yi He’s WeChat Account Hacked to Push Memecoin MUBARA 9 hours ago