Pump.fun weekly protocol fees cross $10M for the first time

Pump.fun generated $10.03 million in protocol fees in Aug. 3-9, up 12% from the previous week and marking the first time its weekly total topped $10 million under its current reporting series. Ecosystem trading volume rose to $2.97 billion, the strongest week since late January, and the platform spent $5.02 million to buy back and burn 2.15 billion PUMP tokens as part of its commitment to route 50% of revenue to repurchases. DefiLlama's rolling data showed $35.67 million of Pump revenue over 30 days, ahead of Hyperliquid's $32.46 million, while PUMP traded near $0.0028 before an Aug. 12 token unlock of 6.875 billion tokens worth about $19.2 million. Pump.fun is also expanding social trading features while an unresolved U.S. lawsuit continues over alleged securities violations and other misconduct tied to tokens sold through the platform.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.