BUSINESSTHE BLOCK
Pump.fun activity craters 80% in three months, dragging Solana fees lower as traders rotate into perps
Pump.fun's activity has declined by 80% over three months, leading to lower Solana fees as traders shift to perpetual contracts. The PUMP token has fallen 40% in the past six months.
Related Signal
Adjacent reporting
- Pump.fun has been using all its revenue to burn its token. Now it’s changing course
- Pump.fun burns $370 million in PUMP token, commits 50% of future revenue for buyback-burn program
- Pump.fun accounts for over one-third of Solana’s Q1 revenue despite memecoin slowdown
- Pump.fun's Latest Experiment Is Already Getting Weird
- Cardano social activity surges as ADA falls under 20 cents to four-year lows
- Three young DeFi apps return $100M in revenue to token holders in 30 days