Pump.fun Drives Over a Third of Solana's Q1 Revenue Despite Memecoin Slowdown
Cointelegraph
Pump.fun generated $124.7 million in Q1 2026, contributing over one-third of Solana's total app revenue despite a broader memecoin market cooling.Summary
In Q1 2026, the memecoin launchpad Pump.fun emerged as Solana's primary revenue source, contributing $124.7 million—over one-third of the network's total $342.2 million app revenue. Despite a slowdown in the broader memecoin market, Pump.fun saw a 17% revenue increase. While the sector remains significant, Solana is diversifying, with trading apps and real-world assets (RWAs) experiencing substantial growth and institutional interest from firms like BlackRock and Visa. Meanwhile, Solana continues to push infrastructure improvements, including the Agave 4.1 release, even as some major financial institutions like Goldman Sachs and Intesa Sanpaolo reduced their Solana-related ETF exposure.
(Source：Cointelegraph)