Pumpfun Surpasses Hyperliquid to Become Third-Largest Protocol by Weekly Revenue

The shift marks a notable performance in the DeFi sector, with Pumpfun achieving higher weekly revenue rankings than Hyperliquid.

HYPE

Summary

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Terms & Concepts
  • DeFi: Decentralized Finance, a blockchain-based financial system that operates without traditional intermediaries like banks.
  • Protocol: A set of rules and technical standards governing how blockchain applications operate and interact.
  • Weekly Revenue: The total income generated by a protocol within a seven-day period, often used as a metric for performance in crypto markets.