Pump.fun generated $124.7 million in revenue during the first quarter, representing more than a third of Solana's total app revenue. This performance came even as memecoin trading declined across the network.
Pump.fun generated $124.7 million in the first quarter of the year. The platform's earnings accounted for more than one third of all app revenue on the Solana network during that period.
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Circle announced a $222 million presale for its ARC token at a $3 billion valuation alongside first-quarter results. The USDC issuer beat earnings estimates but missed on revenue. Shares rose more than 15 percent on the news.
Solana's token price has continued a downward trend, dropping over 73% from its peak, even as key network metrics surpass those of Ethereum. Spot Solana ETFs saw inflows of over $61 million this month, while Ethereum ETFs experienced outflows. Transaction volumes and active addresses on Solana have also risen significantly.
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Webull announced its financial results for 2025, showing revenue increases despite some quarterly challenges from marketing costs. The company also partnered with Solidus Labs to enhance digital asset monitoring in the US and Canada. This move supports Webull's expansion into cryptocurrency amid regulatory considerations.
Following its $7.33 million milestone last week, Dubai-based Pepeto has raised $7.43 million in its presale as of March 2, 2026. Development of its cross-chain trading platform progresses toward a potential Binance listing, drawing investors betting on an imminent bull run.
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Tesla reported a net income of $477 million for the first quarter of 2026, marking improved profitability over the prior year. Revenue rose 16 percent to $22.4 billion, driven by higher automotive sales and services. The company highlighted growth in full self-driving subscriptions amid ongoing investments in AI and robotics.
NetApp (NTAP) reported Q3 2026 revenue of $1.71 billion and EPS of $2.12, surpassing analyst consensus of $1.69 billion and $2.07. A Seeking Alpha analysis highlights the company's stability and potential growth from AI inference. The article notes robust profitability amid concerns over memory shortages.