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Pump.fun generated $3.38M in revenue, surpassing Hyperliquid’s $3.06M.
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Aggressive buybacks of PUMP tokens are driving renewed growth.
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Daily revenue peaked at $6.7M earlier this year before a sharp decline.
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PUMP price has surged 54% since July buyback program launch.
Pump.fun Surpasses Hyperliquid in Daily Revenue
Solana-based memecoin launchpad Pump.fun saw $3.38 million in daily revenue, topping the perpetuals exchange Hyperliquid’s $3.06 million, according to DefiLlama. This marked its strongest daily revenue since February, signaling a major turnaround after months of decline.
Revenue Sources and Past Volatility
Pump.fun allows users to easily launch new memecoins, collecting fees from token creation, liquidity seeding, and subsequent trading. Its revenues peaked at over $6.7 million in January before plunging 96% to just $206,000 in August, reflecting memecoin market volatility.
Buybacks Spark Recovery
The platform’s comeback has been driven by a new buyback policy. Since July, Pump.fun has committed 100% of its revenue to repurchasing PUMP tokens, up from 25% previously. The buybacks, totaling nearly $100 million, have already removed 6.7% of supply from circulation.
The aggressive program has sparked confidence among traders, pushing the PUMP token up 54% since July.
