Leading Solana-based memecoin launchpad PumpFun has launched creator revenue sharing today, entitling coin creators to 50% of the PumpSwap revenue generated by their tokens.
PumpFun, which is the third most profitable protocol across DeFi after generating $638 million over the last year, released PumpSwap, its in-house decentralized exchange (DEX) and automated market maker (AMM), in March.
PumpSwap has processed more than $500 million in volume almost daily in May, and just surpassed the $100 million in total value locked (TVL) last week. The protocol is raking in between $200,000 and $300,000 per day, and from today, half of that will flow back to token creators.
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