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Fantasy.top and Pump.fun among top 10 crypto protocols for fees

source-logo  crypto.news 08 May 2024 15:58, UTC

Fantasy.top and Pump.fun have emerged as leading cryptocurrency protocols, ranking among the top ten by fees and revenue generated.

Despite being relatively new, both platforms have rapidly built large user bases and significant trading volumes, according to DefiLlama data.

Fantasy.top, a decentralized exchange focused on trading cards of prominent crypto figures, now holds the seventh position. It trails behind Tron but surpasses BNB Smart Chain’s PancakeSwap. DeFiLlama reports that Fantasy.top generated over $924,000 in fees within the last 24 hours and over $9 million in the past month.

Launched on May 1 by the pseudonymous creator Travis Bickle, Fantasy.top’s popularity surged following endorsements from notable 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,” Bickle wrote on social media platform X.

Fantasy.top and Pump.fun among top 10 crypto protocols for fees - 1
Source: DefiLlama
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Pump.fun, a platform for launching and trading meme coins, ranks eighth in fees generated. DefiLlama indicates that Pump.fun achieved 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 supplying seed liquidity. Pump.fun also aims to prevent rug pulls by ensuring that tokens launched on the platform have no pre-sales or team member allocations.

Both Fantasy.top and Pump.fun demonstrate the cryptocurrency landscape’s dynamic and rapidly evolving nature, highlighting the significant user interest and financial activity in decentralized and innovative trading platforms.

Read more: OpenSea trading volumes nosedive as ETH activity falls to 2021 levels