Pump.fun’s revenue over the past 30 days has surpassed Hyperliquid, rekindling market attention on the money-making ability of the Meme sector.
On October 4, according to DefiLlama data, Pump.fun’s revenue in the past 30 days reached $55.5 million, surpassing Hyperliquid’s $54.34 million, and ranking only behind Tether’s $508 million and Circle’s $208 million.
As a Meme launch platform, its revenue has already exceeded that of the leading on-chain derivatives trading platforms. This suggests that Meme trading still has substantial user demand and monetization capacity, and it also reflects that speculative activity in the Solana ecosystem remains very high.
However, being ahead in revenue does not necessarily mean the PUMP token is undervalued. Pump.fun’s revenue is highly dependent on Meme trading activity. If market sentiment cools and trading volumes decline, revenue could drop quickly.
For PUMP, the truly critical factor is not a single cycle’s revenue ranking, but whether the platform can continuously attract users—and whether its revenue can effectively translate into token value.
In the short term, focus on three signals: whether platform revenue can keep growing, whether on-chain trading volume is expanding, and whether PUMP’s price can break out with increased volume. Only if revenue growth and price strength resonate can it more likely attract incremental capital; if revenue falls while the coin price rallies ahead of time, investors should be cautious about good news being realized.
My view is that Pump.fun has already proven its ability to monetize its business, but the market will next pay more attention to the sustainability of its revenue and its value-capture capability for PUMP.
The Meme sector is not short on traffic. What is truly scarce is a mechanism that can turn that traffic into long-term revenue and allow token holders to benefit.
Do you think Pump.fun’s revenue performance can serve as the fundamental support for PUMP’s next market cycle?
On October 4, according to DefiLlama data, Pump.fun’s revenue in the past 30 days reached $55.5 million, surpassing Hyperliquid’s $54.34 million, and ranking only behind Tether’s $508 million and Circle’s $208 million.
As a Meme launch platform, its revenue has already exceeded that of the leading on-chain derivatives trading platforms. This suggests that Meme trading still has substantial user demand and monetization capacity, and it also reflects that speculative activity in the Solana ecosystem remains very high.
However, being ahead in revenue does not necessarily mean the PUMP token is undervalued. Pump.fun’s revenue is highly dependent on Meme trading activity. If market sentiment cools and trading volumes decline, revenue could drop quickly.
For PUMP, the truly critical factor is not a single cycle’s revenue ranking, but whether the platform can continuously attract users—and whether its revenue can effectively translate into token value.
In the short term, focus on three signals: whether platform revenue can keep growing, whether on-chain trading volume is expanding, and whether PUMP’s price can break out with increased volume. Only if revenue growth and price strength resonate can it more likely attract incremental capital; if revenue falls while the coin price rallies ahead of time, investors should be cautious about good news being realized.
My view is that Pump.fun has already proven its ability to monetize its business, but the market will next pay more attention to the sustainability of its revenue and its value-capture capability for PUMP.
The Meme sector is not short on traffic. What is truly scarce is a mechanism that can turn that traffic into long-term revenue and allow token holders to benefit.
Do you think Pump.fun’s revenue performance can serve as the fundamental support for PUMP’s next market cycle?