Fantasy.top and pump.fun break into top ten crypto protocols by fees generated
Fantasy.top and pump.fun have secured sixth and seventh positions, respectively, in the top ten crypto protocols based on fees generated.
Both protocols are only a few months old but have rapidly garnered a large user base, resulting in substantial trading volumes.
Fantasy.top, a decentralized exchange (DEX) for swapping trading cards of prominent crypto individuals, now holds seventh position, trailing behind Tron, but surpassing BNB Smart Chain DEX PancakeSwap . Pump.fun, a memecoin launch and trading platform, currently ranks eighth in terms of fees generated.
Fantasy.top and pump.fun enter the top ten DeFi protocols by fees generated. Image: DeFiLlama.
DeFiLlama data shows that fantasy.top generated over $924,000 fees in the past 24 hours and over $9 million in fees in the past month.
According to The Block's Data Dashboard , daily revenue from fees on pump.fun reached an all-time-high on Tuesday of over $752,000.
Fantasy.top's growing user base
Fantasy.top was launched on the Blast mainnet on May 1 by pseudonymous creator Travis Bickle. Card trading on the protocol appears to have picked up traction recently, aided by posts by larger crypto influencers on X, such as crypto trader Ansem.
"Following the Ansem tweet, our growth has been explosive. While we've seen Fantasy's virality from the start, the scale this time is unprecedented," the pseudonym Travis Bickle said on X.com.
Pump.fun allows anyone to quickly deploy a memecoin by providing a name, ticker, and JPG image for a less than $2 fee, and the user does not have to provide any seed liquidity. Pump.fun also attempts to prevent rug pulls since every token launched on the protocol does not have a pre-sale or an allocation for any team members.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Key Data Released Ahead of Jackson Hole: U.S. July PCE Stuck at 3.7%, Q2 GDP Remains Unrevised at 1.5%, Consumer Spending Revised Upward but Stagnates in July
The Federal Reserve's most closely watched inflation indicator—the Personal Consumption Expenditures (PCE) Price Index—unexpectedly stabilized in July. The second estimate of the U.S. second-quarter GDP, released on the same day, maintained an annualized growth rate of 1.5%, but both consumer spending and business investment were revised upward from the initial figures. However, actual consumer spending in July was flat month-over-month, indicating that the economy cooled after strong growth earlier in the summer.
Bitcoin returns to $80,000, but MSCI wields its sword again! The financing flywheel that Strategy (MSTR.US) prides itself on faces a "benchmark identity trial"
Due to Strategy Inc. holding a large amount of bitcoin, MSCI is considering formulating relevant rules and may remove it from the global stock indices. The proposal would exclude companies that MSCI deems primarily engaged in asset accumulation rather than operating businesses.
Disappointing guidance leads to sharp stock decline! Zoom (ZM.US) enterprise segment remains strong but can't mask overall weakness, Wall Street opinions diverge
Video communications platform Zoom (ZM.US) saw its share price drop by about 7% in pre-market trading on Wednesday after the company issued guidance that fell short of expectations, disappointing investors who had hoped for more.
Consumption among Middle- and Low-Income Groups Continues to Decline! US Packaged Food Giant Smucker (SJM.US) Reaches Positive Cash Flow and Raises Full-Year Outlook
The company’s "revenue and profit both exceeded expectations" and it unexpectedly raised its performance guidance, driving its stock price to surge by more than 10% in U.S. pre-market trading.
Crypto prices
More
