Core Insights - Crypto applications are now generating more revenue than the blockchains that support them, indicating a significant shift in value distribution within the crypto ecosystem [1][2] - The rise of decentralized applications on Ethereum has led to the emergence of numerous protocols catering to specific use cases, with fully developed applications becoming the main profit drivers as the industry matures [1] Revenue Generation - Crypto apps have rapidly increased their revenue, with PumpFun earning $724 million in fees over the past year, surpassing the Solana blockchain's revenue [3] - Hyperliquid generated $667 million, while Solana recorded $2.8 billion in annual revenue and $632 million in fees, highlighting the competitive landscape [3] - Hyperliquid captured 35% of all blockchain revenue in July, despite being launched only a year ago [3] Stablecoin Profitability - The stablecoin market has created substantial value, with issuers like Tether projected to earn $15 billion in profit this year, achieving a 99% profit margin [4] - Tether collects approximately $23 million daily in fees, making it the most profitable company globally per employee, outpacing major tech and banking firms [4] Evolution of Revenue Models - The crypto revenue velocity has increased as the ecosystem transitioned from protocols to applications that effectively monetize trading, attention, and market volatility [5] - Early DeFi protocols like Maker and Aave quickly reached $100 million in cumulative revenue, showcasing the rapid revenue generation potential [5] - The emergence of DeFi Attention Scalers, such as Pump, Axiom, and Hyperliquid, has led to more efficient monetization through rapid product iteration and diverse offerings [6]

🔥 UPDATE: PumpFun retakes the lead from FourMeme in daily token graduates. https://t.co/dNQj5HJAdu ...

Business Model Analysis - PumpFun operates on a flywheel model, where streamer coins generate volume, leading to fees for the platform [1] - PumpFun redistributes a portion of the fees to creators, incentivizing them to attract more streamers [1] - Increased streams result in higher volume, subsequently boosting fees for PumpFun [1] Tokenomics - PumpFun uses the fees generated to perform buybacks on its native token, $PUMP [1] - The buyback mechanism on $PUMP is visibly reflected in the token's price chart [1]

Market Potential - Streaming the BitBoy boxing match on PumpFun could have generated $100 million in revenue [1] - The event's financial success might have overshadowed the actual fight itself [1]

BREAKING$BAGWORK on PumpFun is 1500% up last 24h holders 100x in 2 days $SOL and $PUMP are making life changing gains.Solana meme season is back https://t.co/ZuUZggyYAS ...

Pumpfun Platform Updates - Pumpfun 平台引入了社区接管 (CTOs) 的创建者费用 [1] - 行业关注此举对平台生态和用户行为的影响 [1]

Pumpfun Platform Updates - Pumpfun is introducing Creator Fees for Community Takeovers (CTOs) [1] - BSC News reports on the latest Pumpfun update regarding CTOs [1]

RT Hercules | DeFi (@Hercules_Defi)Numbers don’t lie. @bonk_fun is clearly outpacing @pumpdotfun in 24h volume.BonkFun: $124MPumpFun: $25MBeen in the Sol trenches long enough to know that people like @SolportTom and @theunipcs always put the community first. https://t.co/W3ueehVoH5 ...

Pumpfun Platform Updates - Pumpfun is introducing Creator Fees for Community Takeovers (CTOs) [1] - BSC News reports on the latest Pumpfun update regarding CTOs [1]

I’ve been scanning the market for days, and I think I found the next runner.#USELESS went from zero to $400M on BonkFun.Now a PVP rival just launched on PumpFun: #POINTLESS.Just in an hour after launch, it has rallied to a $1.4M market cap.This is the counter-meta play — if #USELESS dominates BonkFun, #POINTLESS could dominate PumpFun.Even if it does only 25% of what USELESS did, that would mean 100x from here.I got a bag, and I’m watching this one closely.CA: Am4UPJLcyp8JsLh6brrEd3BvwUS7pj2EN1uoEs1pumpDexs ...