BossLady

06/17 01:15

Pump.fun activity craters 80% in three months, dra

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTXCommunity4thAnniversary Pump.fun activity craters 80% in three months, dragging Solana fees lower as traders rotate into perpsThe platform’s fall from grace is best reflected in the PUMP token itself, which is down 40% in the last six months. The following is an excerpt from The Block’s Data and Insights newsletter.Activity on Solana's once-dominant memecoin launchpad Pump.fun has continued to deteriorate, with token graduation rates, revenue and broader network fees all falling sharply in recent months. The seven-day average of Pump.fun's percentage of graduated tokens fell to 0.26% last week, representing an 80% decline in the last three months. Meanwhile, the platform's revenue has averaged just $800,000 per day so far in June, an abysmal falloff compared to the $4.8 million per day it used to generate just six months ago. Pump.fun's revenue declined 25% month-over-month into June while its graduation rate dropped 53% over the same window. This divergence indicates they might be propping up dollar revenue through ancillary fee streams such as trading fees from PumpSwap AMM or sponsored listing flows, while the launchpad's core function of converting new token creations into successful market cap milestones has broken down significantly. The platform's fall from grace is best reflected in the PUMP-3.82% token itself, which is down 40% in the last six months.

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