Pump.fun brought in $521,150 in revenue on April 24, its second-highest day of revenue ever.

What is pump.fun? The protocol allows for anyone to quickly deploy a memecoin by providing a name, ticker, and JPG image with a less than $2 fee. The user does not have to provide any seed liquidity.

The platform first launched on Solana but has expanded to some Ethereum Layer 2’s like Blast and Base. While anyone, in theory, can deploy tokens on any of these networks, there are typically some technical skills associated with doing so, whereas pump.fun makes the process very easy for anyone.

Pump.fun also attempts to prevent rug pulls since every token launched on the protocol does not have a pre-sale or an allocation for any team members. Instead tokens instantly become traded on a bonding …