Fantasy.top and Pump.fun are standing out as major cryptocurrency platforms, making it into the top ten for fees and revenue generated.
Even though they’re relatively new, both platforms have quickly gathered large user communities and substantial trading volumes, according to data from DefiLlama.
Fantasy.top, a decentralized exchange specializing in trading cards featuring well-known crypto personalities, currently holds the seventh spot. It’s behind Tron but ahead of PancakeSwap on BNB Smart Chain. According to DefiLlama, Fantasy.top brought in over $924,000 in fees in the last 24 hours and over $9 million in the past month.
Launched on May 1 by the anonymous creator Travis Bickle, Fantasy.top saw a surge in popularity after endorsements from influential crypto figures like Ansem. “Since Ansem’s tweet, our growth has been phenomenal. While Fantasy’s popularity was evident from the beginning, the scale of this growth is unprecedented,” Bickle shared on social media.
Pump.fun, a platform for launching and trading meme coins, ranks eighth in terms of fees generated. DefiLlama reported that Pump.fun hit a daily revenue record of over $752,000 on Tuesday.
The platform allows users to create meme coins by providing a name, ticker, and JPG image for less than $2, without the need for providing initial liquidity. Pump.fun also aims to prevent scams by ensuring that tokens launched on the platform have no pre-sales or team member allocations.
Both Fantasy.top and Pump.fun showcase the dynamic and rapidly evolving nature of the cryptocurrency landscape, underscoring the substantial user interest and financial activity in decentralized and innovative trading platforms.
Summary Review: Fantasy.top and Pump.fun have emerged as significant players in the cryptocurrency space, securing positions in the top ten for fees and revenue generated. Despite being newcomers, they’ve swiftly attracted large user bases and notable trading volumes. Fantasy.top’s focus on trading cards of crypto personalities and Pump.fun’s niche in meme coin trading highlight the diverse offerings within the decentralized finance sector. Their rapid rise underscores the growing interest and activity in innovative trading platforms within the cryptocurrency landscape.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
