Co-founders Pump.fun discuss revenue Chia amid meme coin market decline

Recently, Alon Cohen, co-founder of Pump.fun, shared interesting information with Watchers about various aspects of the token launch platform.

Highlights from Alon's conversation with Bankless include the platform's 4Chan-inspired design and communication style, token burning mechanism, and revenue sharing policy for creators.

Next Chapter for Pump.fun

Pump.fun is a platform that allows users to easily create and launch new tokens, mainly meme coins, with low costs and high speed. Data from Dune shows that Pump.fun has created over 8.8 million tokens, accounting for more than 61% of total token issuance on Solana.

Amid a 95% platform revenue decline, Alon revealed in a conversation with Bankless that Pump.fun is testing a revenue sharing mechanism for token creators. Some transaction fees will be returned to token creators, encouraging them to build higher-quality projects.

This initiative aims to attract more users and enhance ecosystem sustainability. Pump.fun peaked in 2025 with record daily revenue of $14 million. Moreover, the platform uses a "bonding curve" model, helping achieve an impressive $600 million in revenue.

"At Pump.fun, we implemented a bonding curve model. You know, a mechanism where token price increases as more people buy in. And it has changed the game, bringing us an impressive $600 million in revenue since we started." Alon said

Alon also mentioned that Pump.fun has introduced mechanisms to reduce meme coin "exploitation". This will enhance transparency and attract more users. This includes token burning mechanisms and applying low, transparent fees to prevent rug pulls.

Meanwhile, Pump.fun adopts a design and communication style inspired by 4Chan—a forum famous for meme culture. This approach has helped the platform attract many young meme coin enthusiasts. Alon emphasized that Pump.fun's success comes from meeting community needs: a simple, friendly, and entertaining platform.

The launch of PumpSwap has sparked speculation about potential changes to Pump.fun's business model, suggesting competition with Raydium. However, Alon clarified that Pump.fun focuses on token creation and community building, while Raydium specializes in trading and liquidation.

"PumpSwap is an important step that will help develop the ecosystem through a more accessible, rewarding, and sustainable mechanism." Alon said.

Although PumpSwap allows Pump.fun to compete directly with Raydium, Alon emphasized that the primary goal is to make token creation easier for users.

The meme coin market is declining, with market capitalization dropping 49% from its peak of $125 billion in December 2024. In early March, it even dropped to just $54 billion. This signals the potential end of the "supercycle" of explosive growth.

Alon predicts that meme coins will continue to exist and develop despite the decline. However, the industry needs innovations to reduce speculation and increase real value:

"Meme coin projects can integrate additional features, such as Non-Fungible Tokens or games, to create long-term value. Pump.fun will continue to support creativity in this field while encouraging more meaningful projects." Alon shared in the podcast.