Pump.fun has seen its daily revenue soar to $1.99 million in the past 24 hours, exceeding the Ethereum network's $1.91 million to make it the largest revenue generator of any blockchain, according to data on DefiLlama.

According to data from Dune Analytics, 11,528 tokens were deployed on the Solana-based memecoin launchpad on Monday. This brings the total number of tokens deployed to date to 1,199,685. The cumulative revenue on Pump.fun has now reached 346,613 SOL, or $51.3 million.

Pump.fun has emerged as a popular platform amid the recent meme-token boom. Its ease of use and Solana’s low transaction fees have led to the creation of countless political-themed cryptocurrencies, celebrity tokens, and other tokens.