Pump.fun Revenue Plummets 92% as Crypto Market Influence Wanes

Pump.fun, a meme coin launchpad, has experienced a significant decline in its revenue, with a drop of approximately 92% from its historical peak. This downturn is indicative of the platform's waning influence in the crypto market. On-chain data reveals a consistent decrease in the platform's fees over recent days, resulting in a substantial reduction in generated revenue compared to the start of the year when it began strongly.

According to data from DeFi Llama, on July 6, Pump.fun's revenue stood at $533,410, with fees generating less than $922,890. This marks the first time since March 2025 that the platform's daily fees have fallen below $1 million. In comparison to its historical peak on January 23, when both revenue and protocol fees reached $7.07 million, the platform's revenue has decreased by 92% and its fees by 86%. Despite a brief recovery in fees by the end of March 2025 to $6.6 million, revenue did not surpass $2.05 million.

This decline in fees and revenue represents a significant setback for Pump.fun, which had previously dominated the Solana (SOL)-based meme coin market. On a monthly basis, the platform's peak occurred in January with $137.12 million in both revenues and fees. However, by the end of June, fees had plummeted by over 60% to $64.47 million, while monthly revenue for June reached only $39.08 million, less than 30% of its peak.

Earlier in February, Pump.fun's trading volume also decreased by 63% as more celebrities entered the meme coin trend, leading to high-profile scams. Data from Dune analytics indicated that less than 0.01% of Pump.fun addresses achieved a profit of $1 million in the past six months, while nearly 60% of meme coin traders incurred losses. This disparity has raised questions among traders about the platform's future prospects.