Fantasy.top and Pump.fun have emerged as two leading cryptocurrency protocols, ranking among the top 10 protocols in terms of fees and revenue generated.
Despite being relatively new, both platforms have quickly built large user bases and trading volumes, according to Devillama data.
Fantasy.top, a decentralized exchange focused on trading cards of prominent cryptocurrency figures, now ranks seventh. It lags behind Tron but beats BNB Smart Chain's PancakeSwap. DeFiLlama Reports indicate that Fantasy.top has generated more than $924,000 in fees in the past 24 hours and more than $9 million in the past month.
Launched on May 1 by pseudonymous creator Travis Bickle, Fantasy.top has soared in popularity after endorsements from prominent cryptocurrency influencers on X, such as cryptocurrency trader Ansem.
“After Ansem’s tweet, our growth was exponential. Although we’ve seen Fantasy explode from the beginning, the scale this time around is unprecedented,” Bickel wrote on social media platform X.
Pump.fun, a platform for launching and trading coins, ranks eighth in fees generated. DefiLlama notes that Pump.fun hit a daily revenue record of more than $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 providing initial liquidity. Pump.fun also aims to prevent rug pulling by ensuring that tokens launched on the platform have no pre-sales or allocations to team members.
Fantasy.top and Pump.fun demonstrate the dynamic and rapidly evolving nature of the cryptocurrency landscape, highlighting the significant user interest and financial activity in innovative, decentralized trading platforms.