As of July 28-29, Pump.fun’s daily revenue has fallen below $300,000 for the first time since September 2024, according to . This marks a 92% decline from its peak, when revenue soared over $7 million per day and monthly totals exceeded $130 million in January 2025.
As of July 28-29, Pump.fun’s daily revenue has fallen below $300,000 for the first time since September 2024, according to . This marks a 92% decline from its peak, when revenue soared over $7 million per day and monthly totals exceeded $130 million in January 2025.
In contrast, rival launchpad, LetsBONK generated approximately $1.3 million in daily revenue on July 25, outpacing Pump.fun by a big margin.
In early July, Pump.fun accounted for around 19% of token launches on Solana, but just weeks earlier, it dominated with roughly an 88% share.
Things have changed now with LetsBONK leading deployments with about 69% market share, which points to a rapid user migration.
Several days ago, data showed that weekly revenue was over $4 million, but down approximately 44%, while competitors like Base App and Zora still generate only $121k weekly.
These numbers are far away from Pump.fun’s glory days, considering the platform achieved more than $410 million in revenue in 2024 alone and over $700 million in cumulative fees by mid-2025.
However, there are some positives here and there, like when the public sale of PUMP tokens on July 12 raised $500 million in 12 minutes at a $4 billion valuation. Still, after the sale, PUMP’s value dropped over 50%, amid promises of delayed airdrops and community frustration.
LetsBONK has been picking up momentum, especially since April, drawing much of the memecoin volume previously concentrated on Pump.fun.
Pump.fun defined Solana’s memecoin surge with 11 million tokens launched, over 22 million active addresses, and protocol revenue ranking among the top DeFi projects.
Yet, the decline that’s been happening lately could have an impact on those monitoring SOL and the Solana ecosystem. The reduced activity on Pump.fun may indicate a decrease in both fees and trading volume specifically tied to memecoins.
From the looks of it, the platform’s historic dominance is eroding, overshadowed by others like LetsBONK and Jupiter Studio (which a few days ago).
While profitable, Pump.fun’s once-commanding influence has melted away as traders seek better incentives and more momentum-driven launchpads.
