Pump.fun memecoin revenues dry up. | Source: Photo by Andreas Rentz/Getty Images
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Key Takeaways
Daily Pump.fun revenues have averaged around $120,000 for the past week.
PumpSwap has seen $3.18 billion in trading volumes since launching on March 20, 2025.
The platform still records tens of thousands of memecoin launches a day.
Pump.fun’s daily revenues have tumbled to lows not seen since it launched as memecoin mania dries up.
Though it may be unable to stem its declining figures and revenues, the rollout of its new native decentralized exchange (DEX), PumpSwap, may be able to capture some of the outpouring.
Regardless, Pump.fun’s reign over the memecoin market may finally be over.
Since the beginning of March, Pump.fun’s revenues have fallen off a cliff. In January, the platform recorded over $3 million in daily fees.
As February rolled on, this figure slid down to $1.1 million by the end of the month.
Pump.fun metrics continue to slide. | Source: Dune
During the first week of March, Pump.fun persistently recorded under $1 million in daily revenues. Then, on March 8, the platform’s metrics hit $107,230. Since then, figures have remained at the lowest they’ve been since launching.
It’s no coincidence that the memecoin launch on the platform also experienced a sharp decline during this period.
In January 2025, token launches were averaging above 50,000 a day. In February, around 30,000 a day; in March, this figure tailed around the 25,000 region.
That said, after bottoming out at 17,308 on March 21, memecoin token launches have since somewhat recovered. However, the fresh launches have failed to draw fresh capital to the platform.
It’s additionally troubling for Pump.fun’s long-term viability, as now a smaller percentage of users are responsible for most token launches.
Pump.Fun Diversifies
On March 20, 2025, Pump.fun launched PumpSwap, its native decentralized exchange (DEX). Since then, PumpSwap has pulled over $3.2 billion in cumulative volumes as it garners between $250 million and $350 million on average daily.
Notably, the platform attracted 134,110 high-frequency traders who, combined, conduct millions of token swaps every day.
On April 1, Pump.fun teased the launch of “PumpFi,” a DeFi product that introduces a “buy now, pay later” model for non-fungible token (NFT) and memecoin token launches.
Introducing PumpFi, the Ape Now, Pay Later solution for EVERY asset & liability on Solana 🔥
our BIGGEST product yet provides immediate, manageable financing for ANY digital asset
– NO credit checks – MONTHLY installments – AFFORDABLE trenching
Due to its absurd wording and April Fools Day timing, this will be considered, for now, as nothing more than a hoax post.
Whilst the fine print at the bottom of the post says, “obviously this is not a real product,” it also says, “(yet) (jk) (but what if),” perhaps signaling that something of this kind could be coming down the pipeline.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
