

Solana chain Meme coin issuance platform Pump.fun's revenue plummeted 30%! Affect SOL price?
- Token issuance platform Pump.fun launched the “one-click coin issuance function”, which promoted the surge in the number of memecoin in the Solanaecosystem.
- However, with the crypto market sentiment sluggish, the memecoin sector is showing signs of weakness. The average daily handling fee of
- Pump.fun dropped significantly from US$870,000 last week to US$605,000 last week, a drop of 30%.
- The reason for the decline may be due to the continued decline in the market, which has led to a decrease in user risk appetite, especially for memecoin on the Pump.fun platform, which was affected by its highly speculative nature.
- Fees decline also indicates that token deployment and overall activity on Pump.fun has decreased, or has reached saturation levels.
Pump.fun fee income
Solana activity has dropped significantly
Reports show that Pump.fun accounted for 35% of Solana’s total fee income in the past two months. This ratio does not include fee revenue generated after Pump.fun tokens are listed on a decentralized exchange (DEX) or aggregator.
Note: When the bonding curve of the Pump.fun token reaches 100%, the token liquidity will be deposited into the decentralized trading platform Raydium. Users can trade using Raydium.
The high activity and fee revenue of Pump.fun and its deployed tokens shows clear user engagement and generates considerable economic activity for Solana, despite attracting a user base seeking high-risk, speculative returns.
However, this dependence also has potential risks. The speculative nature of Pump.fun makes it cyclical in nature and prone to rapid fluctuations. If speculative enthusiasm subsides or market conditions are unfavorable, the platform's activity could decrease significantly, resulting in a significant decrease in Solana's transaction fees and overall activity.
The above is the detailed content of Solana chain Meme coin issuance platform Pump.fun's revenue plummeted 30%! Affect SOL price?. For more information, please follow other related articles on the PHP Chinese website!

Amazon's Project Kuiper satellite launch was postponed due to unfavorable weather conditions. The delay was likely influenced by factors such as high-altitude wind shear, lightning threats, and high surface winds, which are common hazards in space launches. This postponement highlights the need for meticulous planning and flexibility in the unpredictable environment of space operations.

A group of former Kraken executives acquired U.S.-listed company Janover, which secured $42 million in venture capital funding to begin building a Solana (SOL) treasury.

Canadian businessman and investor Kevin O’Leary urged the Trump administration to impose a 400% tariff on Chinese goods, arguing that the current 104% tariff is insufficient to compel China to follow trade rules. O’Leary said these statements prior t

U.S. Treasury Secretary Scott Bessent laid out a broad financial reform agenda at the Bankers Association Summit on April 9, pledging to remove regulatory barriers

According to a report by VanEck, China and Russia have started to settle some trade deals using Bitcoin.

ucci Outlines 5-Point Forecast on China's Next Moves Amid Rising Trade Tensions

underperformed Bitcoin on 85% of all trading days since it launched in 2015. The ETH/BTC ratio, which tracks the value of Ether relative to Bitcoin, dropped to a five-year low of 0.018

In the world of cryptocurrencies, few events can shake things up like big government decisions. President Trump's recent tariff announcement did exactly that

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment

Atom editor mac version download
The most popular open source editor

Safe Exam Browser
Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.

SublimeText3 Linux new version
SublimeText3 Linux latest version

SublimeText3 Chinese version
Chinese version, very easy to use