Pump.fun Surpasses Hyperliquid in 24-Hour Revenue

pump.fun's protocol revenue has surpassed Hyperliquid's at $3.12 million in the last 24 hours, according to Defillama data. This is lower than Tether's $21.7 million and Circle's $7.62 million during the same period. pump.fun's revenue is higher than Hyperliquid's $2.48 million, indicating its growing popularity and success in the market.

Pump.fun has achieved a significant milestone in the cryptocurrency market, as its protocol revenue has surpassed that of Hyperliquid in the past 24 hours. According to DefiLlama data, pump.fun generated $3.12 million in revenue within the last 24 hours Native Markets team wins Hyperliquid USDH stablecoin bid, eyes test phase ‘within days’^[1]. This figure is notable as it exceeds Hyperliquid's revenue of $2.48 million during the same period, indicating a growing trend in pump.fun's popularity and success.

While pump.fun's revenue is lower than that of Tether ($21.7 million) and Circle ($7.62 million) in the same period, it still signifies a substantial increase in its market presence. This performance underscores pump.fun's ability to attract users and generate significant revenue, positioning it as a notable player in the crypto ecosystem.

Hyperliquid, on the other hand, has been in the news for its USDH stablecoin bid, which was recently awarded to Native Markets. The USDH stablecoin is expected to be launched on Hyperliquid's HyperEVM network, potentially posing a threat to USDC, the currently dominant dollar-backed stablecoin on the platform pump.fun's protocol revenue in the last 24 hours has surpassed Hyperliquid.^[2].

These developments highlight the competitive landscape in the stablecoin market and the growing importance of protocols like pump.fun in driving revenue and user engagement. As the market continues to evolve, it will be interesting to see how pump.fun's performance impacts its competitors and the broader crypto ecosystem.