Pump.fun’s activity plummeted 80% over three months, causing a sharp decline in Solana network fees
Source：
www.theblock.co
According to The Block, Pump.fun—the leading Solana-based memecoin launchpad—has seen its activity deteriorate continuously: the seven-day average token graduation rate has fallen to 0.26%, down approximately 80% from three months ago; the platform’s daily revenue in June stood at roughly $800,000—plummeting over 83% from its peak of $4.8 million six months ago, and declining 25% month-on-month. Dragged down by this trend, Solana’s daily fee revenue in June averaged only about 5,300 SOL, far below the 33,000 SOL recorded in January. Analysts note that substantial capital previously active in Solana’s memecoin sector has migrated to perpetual futures trading on platforms such as Hyperliquid, while the PUMP token has declined 40% cumulatively over the past six months.
