Pump.fun Surpasses TRON 's Daily Revenue as Meme Coin Market Capital Drops 50%

Pump.fun, a meme coin launch platform built on Solana, continues to achieve important milestones even as the meme coin market has passed its peak.

What is driving Pump.fun's continued appeal to investors? This article provides insights into on-chain data and recent changes in user sentiment.

Pump.fun Surpasses Tron in Daily Revenue, Trailing Only Stablecoin Giants.

SolanaFloor sourced data from defillama shows that Pump.fun generated $2 million in revenue within 24 hours. This figure pushed it past Tron to become the third-highest revenue protocol of the day, only behind Tether and Circle, the top stablecoin issuers.

Meanwhile, Tron's daily revenue remains stable between $1 million and $2 million this year. In contrast, Pump.fun's revenue has decreased from its peak of $7 million. Simultaneously, the total market capitalization of meme coins has dropped 50% since the beginning of the year, according to CoinMarketCap.

These numbers indicate that Pump.fun maintains its growth momentum through an effective business model. It continues to perform well despite ongoing warnings in the meme coin space.

A recent report revealed that Pump.fun has surpassed Ethereum in total fee revenue for 2025 and has maintained the top position in weekly fee generation for nine consecutive weeks.

So, what explains Pump.fun's surprisingly strong performance?

What is Driving Pump.fun's Revenue Amid a Cooling Meme Coin Market?

A key factor behind Pump.fun's revenue is PumpSwap, its internal token swap service. Just over a month after launch, PumpSwap generated $300,000 in daily revenue. This accounts for 15% of Pump.fun's total daily income.

Another factor lies in user sentiment. Pump.fun has become a hub where hot news spreads faster than anywhere else.

Many users seize opportunities by launching tokens when they sense that news might attract significant attention. This behavior has reached a point where information on Pump.fun sometimes appears before official announcements on major media channels.

"Pump.fun is truly the FASTEST news channel in the world right now. News arrives before it even becomes news," investor Ram said.

This mindset has transformed Pump.fun into a rapidly developing money-making tool through the attention economy.

As a result, around 30,000 new tokens are created on Pump.fun daily. The platform records over $300 million in daily trading volume, marking a 50% increase in May. It also has 350,000 daily active wallets.

Thanks to this activity, Pump.fun has helped Solana capture over 60% of the total tracked tokens in the market, according to CoinMarketCap.