PumpFun Revenue Drops From $4.8M to $800K in 6 Months as Activity Slows

Data from The Block points to a sustained decline in performance across PumpFun, a Solana-based memecoin launchpad. Over the past three months, its token graduation rate has dropped by about 80%, now sitting near 0.26%. Alongside this, the platform’s daily revenue has also weakened, falling to roughly $800,000 in June from around $4.8 million six months ago.

This slowdown has extended beyond the platform itself and into broader activity on the Solana network. In the same period, average daily transaction fees on Solana declined sharply, dropping from about 33,000 SOL in January to nearly 5,300 SOL in June.

Source: The Block