In November 2024, the world by no means noticed a meme coin launchpad pump-like pump.enjoyable had till the top of November when it reported incomes itself its highest income but, $82.78 million. That is important, as it is a 207 % improve in platform visitors and transactions.
The platform was launched in March 2024 and has been rising, considerably surprisingly, to an unprecedented scale. $82.78 million for November DeFi Llama knowledge exhibits that the platform has already taken in additional than 35 % of complete earnings since inception.
We nonetheless have just a few days left, so we should always count on that income to maintain rising, and November can be Pump.enjoyable’s largest month to this point.
It’s additionally evident in an enormous surge within the variety of token launches. Pump. On November 20, Enjoyable reached a milestone: extra tokens had been launched in a single day than ever, and 69,046 Solana-powered tokens had been launched on the platform. Moreover, platform quantity has additionally seen an explosive uptick of greater than $4.15 billion in complete quantity within the final two weeks.
Pump.enjoyable Faces Backlash Over Livestream Function Amid Document-Breaking Success
Just lately, Pump.enjoyable has been getting slammed for its livestream characteristic, however it is a record-breaking success. In August 2024, the characteristic was built-in to permit coin builders to have real-time interactions with customers. It was criticized, although, for being abused to broadcast dangerous content material, together with self-harm, which was aired.
The workforce went on to right away disable the livestream characteristic and in addition labored to reinforce content material moderation on the platform, following plenty of backlash from the group.
On November 23, Alon (Pump. enjoyable founder) responded publicly to the difficulty on X. He defended the dangerous danger content material and mentioned the hurt danger content material to customers that they had been making an attempt to battle the issue. “We now have a workforce of moderators which might be working across the clock and an inside workforce of engineers, that we’re working with to take care of the size of cash, streams, and feedback,” Alon mentioned.
Regardless of the steps that Pump. However the system is clearly not excellent, Alon mentioned. He took enjoyable to moderating and making certain security, flagging NSFW supplies, and taking down inappropriate content material. He additionally requested customers to make use of the platform’s help channels to report dangerous content material to maintain the setting secure.
All this however, Pump. enjoyable’s speedy rise and market dominance present it’s a severe participant within the meme coin house. It retains attracting very excessive curiosity and funding from customers and traders past these obstacles concerning content material moderation and consumer security.
