Fantasy.top and Pump.fun are now among the top 10 cryptocurrency protocols by fees and revenue generated, according to DeFiLlama data.
Although both protocols have only been out for a few months, they have quickly gained a large user base and are generating significant transaction volumes.
Fantasy.top, a decentralized exchange (DEX) for exchanging trading cards of prominent cryptocurrency individuals, currently ranks 7th behind Tron, but surpasses BNB smart chain DEX PancakeSwap. Pump.fun, a memecoin launch and trading platform, currently ranks 8th in terms of fees generated.
Fantasy.top and Pump.fun are included in the top 10 DeFi protocols by fees generated. Image: DeFiLlama.
According to DeFiLlama data, Fantasy.top generated over $924,000 in fees in the last 24 hours and over $9 million in the past month.
Pump.fun’s daily fee revenue hit an all-time high of over $752,000 on Tuesday, according to The Block’s data dashboard.
Fantasy.top’s user base grows
Fantasy.top was launched on the Blast mainnet on May 1 by pseudonymous creator Travis Bickle. Card trading on the protocol appears to have gained traction recently, fueled by posts from large cryptocurrency influencers like cryptocurrency trader Ansem about X.
“After the Ansem tweet, our growth exploded. We’ve seen buzz for Fantasy since the beginning, but this time the scale is unprecedented,” Travis Bickle, alias Travis, told X.com.
Pump.fun allows anyone to quickly distribute memecoins by providing their name, ticker, and JPG image for a fee of less than $2, and users do not need to provide seed liquidity. Pump.fun also attempts to prevent lug pulls as any tokens released on the protocol will have no pre-sales or allocations to team members.
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