Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Pump.fun, August Polymarket Surpasses NFT, Surpasses $100M in Revenue
ADOPTION NEWS

Pump.fun, August Polymarket Surpasses NFT, Surpasses $100M in Revenue

By Crypto FlexsSeptember 1, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Pump.fun, August Polymarket Surpasses NFT, Surpasses 0M in Revenue
Share
Facebook Twitter LinkedIn Pinterest Email

The cryptocurrency industry has always had its fair share of speculators, for better or worse. It’s no wonder then that two of the most popular platforms in crypto (Memecoin launchpad Pump.fun and decentralized prediction market Polymarket) are built on speculation.

But oddly enough, these platforms can be seen as the inverse of each other. On Pump.fun, users speculate about memecoins that have no intrinsic value proposition other than branding and community value, meaning it’s hard to predict which coins will break through the noise and attract fans. On Polymarket, users are encouraged to use all the information at their disposal when trading positions in the market, predicting everything from political elections to how many times Elon Musk will tweet this week.

However, both platforms have seen tremendous growth. Launched in January 2024, Pump.fun recently surpassed $100 million in total cumulative revenue for its developers, according to the Dune Analytics dashboard. Pump.fun developers earn a 1% fee for every transaction on the platform. Pump.fun recently eliminated token distribution fees, making it easier than ever for users to spin up new Mimecoins.

However, Pump.fun’s daily revenue on Friday was its second-lowest since May 24. According to data from The Block, whether the launchpad can continue to incentivize users to create and trade Mimecoins will be crucial to its future growth, lest the project resemble the once-popular Web3 social platform friend.tech, which essentially failed to generate revenue for the past three months.

Polymarket Surpasses NFT Trading Volume

Not to be outdone, Polymarket has also had a notable month. According to data from The Block and CryptoSlam, it has seen more trading volume than all NFTs on all chains combined. NFTs have seen a trading volume of around $377 million over the past 30 days, while Polymarket has seen $463 million worth of transactions on its platform.

According to data from The Block, Polymarket’s active trader population has been steadily increasing since May as the 2024 presidential election approaches. The platform counts election forecaster Nate Silver as an advisor, but the site is not officially available to US users.

Prediction markets currently have former President Donald Trump winning the 2024 presidential election, slightly ahead of Vice President Kamala Harris. About $7.5 billion has been wagered on the outcome.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025
Most Popular

Can I use cryptocurrency to get a loan?

December 6, 2023

Crypto exchange predicts 1000x return on XRP price with ambitious $594 rise.

January 29, 2024

Coinbase adds a password project WorldCoin (WLD) to the listing roadmap.

April 30, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.